06.09.2015

Daewoo Mangalia Heavy Industries, or DMHI, the largest ship builder in Romania, posted a record high loss of 700 million lei (EUR157.6 million) in 2014, seven-fold higher from a year before, according more

05.15.2015

Petrotel refinery in Ploiesti, owned by Russia’s Lukoil group, ended last year with 308 million lei (EUR69 million) losses. more

05.13.2015

Steel plant ArcelorMittal Galati posted 3.59 billion lei (EUR805 million) revenue last year, 3.2% lower than in 2013 and RON480 million loss. The plant’s business was hurt by the drop in steel more

05.06.2015

The three companies whereby Czech-held CEZ operates the giant wind farm complex Fantanele-Cogealac posted almost one billion lei (EUR226 million) losses last year, according to the data the group more

04.09.2015

Romanian insurer Asirom targeted a profit of RON13.3 million in 2014, but the year ended with loss of RON29.4 million, down 87.5% from 2013, due to loss on the segments of mandatory car insurance RCA more

03.23.2015

Romanian state-run airline Tarom ended 2014 with a loss of 119 million lei (EUR27 million), just 8% lower than in 2013, and expects to register a negative result in 2015 as well, at RON8 million, more

03.12.2015

Greek lender Eurobank, majority shareholder of Romanian lender Bancpost, posted a loss of EUR46.3 million in Romania in 2014, from a loss of EUR40.2 million in 2013, because it made provisos of more

02.13.2015

Romanian insolvent chemical company Oltchim SA (OLT.RO) narrowed its loss by 46% in 2014, to 509.4 million lei (EUR114.6 million), from RON946 million in 2013, on the backdrop of using 24.3% of its more

02.11.2015

Banks in Romania registered a cumulated loss of RON8 billion during four of the last six years, as well as profit of RON0.9 billion and a net loss of RON7.1 billion during a two-year period, which more

01.30.2015

Romania's banking system posted a loss of RON3.58 billion in January-November last year, as banks purged their balance sheets of non-performing loans, central bank governor Mugur Isarescu said Friday. more

01.21.2015

The overall banking system in Romania had losses of more than RON2 billion in 2014, as that level had already been exceeded in November, Nicolae Cinteza, head of the central bank’s Supervisory more

12.12.2014

The local subsidiary of Volksbank, which Banca Transilvania (TLV.RO) acquired this week, posted more than 1.75 billion lei (about EUR400 million) losses in the last four years due to sour loan more

12.12.2014

Ponderas Hospital, specialized in weight loss surgery, expects revenue worth around 40 million lei (EUR9 million) this year, up 25% on the year. more

12.09.2014

Romanian insurer Astra Asigurari registered losses of RON888.45 million (EUR200 million) under international financial reporting standards (IFRS), RON28.88 million (RON6.5 million) lower than the more

12.05.2014

The losses of FrieslandCampina Romania and Danone Romania, two of the largest dairy companies in the country, more than doubled in the first half, while revenue went down, continuing last year’s more

11.30.2014

The provisions booked by banks via non-performing loans cleanup process triggered a net loss of 1.58 billion lei (EUR35 million) in the banking system in January-September, but losses will exceed RON2 more

11.17.2014

Weight loss surgery hospital Ponderas will move from the Dristor area of Bucharest to Art Business Center office building on Nicolae Caramfil Street in the north of the city early next year, where it more

11.13.2014

Romania's state property authority RA-APPS continued to ignore real estate consultants' warnings and failed to reach its revenue target from the sale of state property for the third year in a row. more

11.06.2014

Romania’s leading oil&gas company OMV Petrom (SNP.RO), owned by OMV Austria, estimates it will register losses from the electricity production this year, after the electric power generated in more

09.17.2014

Oil company Petroceltic said Wednesday it had a loss of $57.4 million in the first half of the year, from a loss of $16.1 million in the same period a year ago, mainly due to the amortization of more

08.27.2014

Romanian state-owned airline Tarom expects a loss of RON116.8 million this year, from a loss of RON130.1 million in 2013, according to the company budget the government approved Tuesday. more

08.19.2014

Austrian insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Viata in Romania, wants to put an end to its losses on the local market and decided to implement a set of harsh more

08.01.2014

Greek-held Marinopoulos, one of the most important franchise holders in Romania during the economic boom years of the last decade, has no more operations left in the country, following the loss of the more

07.23.2014

Insurance companies are paying 72% of a year’s gross written premiums to their customers in claim settlements, and their operating expenses amount to 42% of their revenue, which means revenue is 14% more

07.15.2014

BCR Asigurari de Viata (BCR Life) will cover its losses of the past two years from dividends it distributed in 2012, which will be returned, and from profits the company expects to make in the more