05.07.2013

Administrators of Romanian mandatory private pension funds (Pillar II) registered loss of 15.2 million lei (EUR3.5 million) in 2012, down 45.1% on the year. more

05.03.2013

Petrotel-Lukoil, the third largest operational refinery in Romania, controlled by Russia’s Lukoil, posted turnover of 6.9 billion lei (EUR1.6 million) in 2012, up around 5% in Romanian lei, while more

04.23.2013

Romania’s Pool of Insurance against Natural Disasters (PAID), which issued mandatory home insurance policies, underwrote premiums of nearly RON6.5 million in 2012, down 82% on the year, and posted a more

04.22.2013

Romanian state-owned airliner Tarom reported a loss of 49 million lei (EUR1.1 million) in the first quarter of the year, 24% narrower than in the first quarter of 2012 and lower than the RON78 million more

04.18.2013

UK fashion retailer Debenhams lost GBP3.8 million (EUR4.4 million) following the closure of six Romanian franchise stores. more

03.28.2013

Greek group EFG Eurobank, the owner of lender Bancpost and other local financial companies, registered losses of EUR35.2 million in Romania last year, from a negative result of EUR25.1 million in more

03.27.2013

Romanian state-owned passenger railway carrier CFR Calatori estimates a loss of 427.2 million lei (EUR96.8 million) this year, much wider than the loss expected for 2012, of RON296 million. more

03.21.2013

The management of Romanian state-owned airline Tarom forecast a loss of 143 million lei (EUR32.3 million) in 2013, narrower than the previous estimate of RON186 million included in the company’s more

03.20.2013

Romanian insurer UNIQA Asigurari on Wednesday said its loss narrowed 74% to 19.2 million lei (EUR4.3 million) in 2012, but revenue from underwritten premiums rose 32% to RON504.9 million, which more

03.15.2013

Romanian state-owned airline Tarom expects losses of 186 million lei (EUR42.3 million) this year, according to the company’s draft revenue and expenses budget for 2013. more

02.28.2013

Industrial packaging manufacturer MJ Maillis Romania (MJM.RO) Thursday reported losses of 4.9 million lei (EUR1.1 million) for last year, slightly up from RON4.87 million in 2011. more

02.28.2013

Romanian plastic systems maker Teraplast Bistrita (TRP.RO) Thursday reported losses of 15.14 million lei (EUR3.54 million) for 2012, down 6.59% on the year. more

02.11.2013

In the past three years banks in Romania have piled up losses of 3.4 billion lei (EUR773 million) as one fifth of loans were not performing. more

01.09.2013

One explanation for the difference between preliminary GDP data and the “almost final” GDP data could be that companies’ losses increased after they could not factor in their higher raw material more

11.25.2012

Most construction companies on the stock exchange posted turnover declines, low profits or losses, which shows that 2012 will most likely be another “failed” year for companies in this sector. more

11.14.2012

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) said Wednesday it switched to a loss of 11.39 million lei (EUR2.5 million) in the first nine months of 2012, versus profit of RON1.59 million more

11.13.2012

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) said Tuesday its loss widened to 3.32 million lei (EUR0.73 million) in the first nine months of the year. more

11.12.2012

The 41 banks in Romania posted an overall loss in the first nine months of this year, although the results represent an improvement on the EUR192 million-loss recorded in the first half of the year. more

11.07.2012

Dan Pascariu, chairman of the Board at Romanian state-owned airline Tarom, said Wednesday the company’s target is to cut losses by 30% in the coming year and increase turnover. more

11.02.2012

Sorin Minea, president of cold cuts producer Angst, said the company will end the year with losses, but with higher turnover. more

10.09.2012

The losses recorded by refinery Petromidia, the most important asset of oil group Rompetrol, since Kazakh company KazMunayGas took over the majority stake in the company, exceeded EUR760 million, with more

09.12.2012

Romania may lose EUR800 million due to the poor crop registered in 2012, while half of this loss could have been prevented should farmers have proper irrigation systems to fight bad weather, Sorin more

08.10.2012

More than a quarter of the 300 largest companies in Romania by turnover recorded losses last year, with 44 of them posting losses of over EUR10 million, reveals a ZF analysis. more

08.07.2012

Romanian electric engine maker Electroputere Craiova (EPT.RO) registered losses of 29.87 million lei (EUR6.8 million) in the first half of the year, up 8.6% compared with the same interval a year ago. more

07.11.2012

Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drought. more