01.06.2016

Almost 185,000 Romanians left Romania in 2014 (according to the latest data available) and UK became the second most important destination for emigration after Italy. more

12.16.2015

The biggest industries in Romania by NACE code employed almost 1.9 million people last year or 50% of the total number of people working in the 87 sectors analyzed by ZF. more

12.15.2015

Romanian state-owned airline Tarom expects a loss of RON49 million this year, from a loss of RON110 million in 2014, and plans to cut staff, the company said in a statement Tuesday. more

12.14.2015

ArcelorMittal Galati steel plant slipped back into the red in the fourth quarter after having posted positive EBITDA in the first three quarters. The reason for the losses is the million of tons of more

11.26.2015

Dorna Lactate, the largest business French-held Lactalis group has in Romania, posted 2% growth in sales to 91.7 million lei (EUR20.6 million) in the first half on the year-ago period, as well as more more

11.12.2015

Romanian state-run chemical plant Oltchim on Thursday said it registered an overall loss from current operations of RON15.76 million (EUR3.55 million) in January-September 2015, ten times lower than more

09.23.2015

Greek Eurobank group, whose Romanian assets include lender Bancpost, has put up for sale its leasing division, ERB Leasing, and has just started talks with potential buyers, several industry sources more

09.17.2015

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, posted net losses of EUR3.1 million (nearly 14 million lei) in the first semester, half from more

09.04.2015

A number of 24 banks in the system posted profit in the first half, while 16 were in the red, said Nicolae Cinteza, head of the Supervision Department of Romania’s central bank. more

09.02.2015

Romanian Constanta shipyard (SNC.RO), owned by businessman Gheorghe Bosanceanu, switched to operating losses of 0.8 million lei in the first semester, from a net profit of RON5.5 million during the more

08.27.2015

Sibiu-based do-it-yourself retailer and construction material distributor Ambient controlled by businessman Ioan Ciolan ended 2014 with 497 million lei (EUR112 million) revenue, down 20% on 2013 and more

08.25.2015

No other industry has gone from ecstasy to agony in the span of just one year as the green power industry did. more

08.19.2015

Companies in Romania posted total net losses estimated at 40 billion lei (EUR9 billion) last year. Rompetrol Rafinare is the only company in Romania that posted more than RON1 billion losses, followed more

08.18.2015

Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calburean, under insolvency, switched to 92.7 million lei record high loss in the first half of 2015, compared more

08.14.2015

Dante International, managing Romania's largest online retailer eMAG, reported net losses of 58.3 million lei (EUR13.1 million) in 2014, eightfold higher than a year before, according to Trade more

08.13.2015

Romanian state-run chemical plant Oltchim registered a net profit of RON2.31 billion (EUR518 million) in the first half of 2015, after the annulment of debts worth RON2.35 billion based on its more

08.11.2015

Romanian lender Banca Comerciala Carpatica (BCC.RO) widened its loss in the first half of the year to RON15 million, from RON0.35 million in the same period last year, as its net revenue declined 40%, more

08.04.2015

Weight loss surgery hospital Ponderas expects EUR13 million revenue this year, an increase of 25% on 2014 after having moved to a new location early this year where it expects at least 50% occupancy more

07.07.2015

Insurer Gothaer Asigurari Reasigurari, part of German group Gothaer, widened its loss in Romania by 37% last year, to RON46.5 million from RON33.9 million in 2013, while its underwritings rose 26%, to more

07.07.2015

Local insurance companies posted 36 million lei (EUR8 million) aggregate loss in 2014, down from the more than RON1.3 billion in 2013. more

06.30.2015

CEZ Romania on Tuesday said it registered a loss of RON871.68 million in 2014, compared to a net profit of RON220 million in 2013. more

06.22.2015

Vega Turism, the operator of the five-star Vega Hotel in the Mamaia resort by the Black Sea posted 9% growth in revenue to 21 million lei (EUR4.7 million) last year, because of the rise in off-season more

06.18.2015

Romania's national uranium company CNU posted a loss of RON104.7 million (EUR23.5 million) last year after setting up provisions following litigation with the country's Court of Accounts. more

06.18.2015

Banca Romana de Credite şi Investitii (BRCI), owned by businessman Dorinel Umbrarescu, posted net loss of 35 million lei () in 2014, while its assets were 2.5 fold higher, the bank said in its annual more

06.16.2015

Germany’s Metro Cash&Carry, which operates a network of 31 stores in Romania, posted its first losses in a decade, 1.26 million lei (EUR0.3 million), last year. Profit during the boom years was as more