07.01.2014

Astra Asigurari and the insurers held by Vienna Insurance Group (VIG) in Romania - Asirom, Omniasig and BCR Asigurari de Viata - generated in 2013 over 85% of the losses posted by the insurance more

07.01.2014

Insurance companies ended last year with a loss about 450 million lei (EUR100 million), 40% higher than in 2012. This is the eighth year in the red for the Romanian insurance industry, according to more

06.27.2014

Austrian insurer Vienna Insurance Group (VIG), the majority owner of Asirom, has decided to replace Mariana Diaconescu as chairperson of the managing board after three years on the job. The more

06.19.2014

The IKEA furniture and decorations store in Bucharest posted EUR0.5 million loss in 2013, something its representatives say was due to the transition of the store from a franchised store to a directly more

06.16.2014

Romanian insurer Carpatica Asig Sibiu on Monday said its loss widened more than 330% to 30.3 million lei (EUR6.8 million) on the in 2013, facing three consecutive years of losses, according to company more

06.16.2014

The highest loss posted by a company in Romania last year stood at EUR220 million and was reported by Oltchim. Financial institutions posted five of the ten highest losses in 2013. more

06.11.2014

Sales of Romanian generic drug producer Labormed Pharma surged nearly 61% to 141.8 million lei (EUR32 million) and its loss narrowed by 84% to RON18 million in 2013, the first year under the ownership more

05.27.2014

AXA Life Insurance Romania, part of French group AXA, posted a RON45.99 million loss in 2013, 4.9% higher than in 2012, marking its fourth consecutive year of losses, which amounted to RON155.9 more

05.26.2014

Compania de Asigurari-Reasigurari Exim Romania (CARE Romania), held by Eximbank Romania, ended 2013 with losses of RON7.86 million, 18% higher than in 2012, and marked its fourth consecutive year of more

05.23.2014

Omniasig Vienna Insurance Group’s losses narrowed 4.9% on the year in 2013 to RON217.04 million, while its turnover fell 14.2% to RON881.1 million, the company said. more

05.14.2014

Insurance company Gothaer Asigurari registered loss of 33.9 million lei (EUR7.63 million) in 2013, fourfold higher from RON8.3 million in 2012, and 17% below early-year estimates, according to data more

04.16.2014

Austrian group Agrana registered loss of 101.2 million lei (nearly EUR23 million) in Romania in 2013, versus profit of RON1.9 million a year before. more

04.14.2014

Romanian insurer Asirom posted a RON235.5 million loss in 2013, from a net profit of RON14.9 million in 2012, and underwritings dropped 8.8%, to RON544.1 million, according to the insurer's earnings more

04.08.2014

A total of 9 billion lei (EUR2 billion) worth of retail loans were more than 90 days overdue at the end of February, written off by banks because chances of recovery were slim to none. Such loans more

03.14.2014

Romanian state-owned postal operator Posta Romana ended 2013 with an exploitation activity loss of RON27.62 million, more than nine times higher than estimated in its budget, which forecast a loss of more

02.28.2014

French-held insurer AXA, which decided to pull out from Romania at the end of last year, booked a EUR26 million loss on the sale of its local life insurance operations, its annual report reveals. It more

02.18.2014

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO), controlled by businessman Constantin Boromiz, ended 2013 with a turnover of RON91.67 million (EUR20.7 million), down 19.6% on the more

02.14.2014

Romanian shipyard Santierul Naval Orsova (SNO.RO) Friday said it registered loss of 2.6 million lei (EUR602,000) in 2013, three times lower than RON7.8 million in 2012. more

12.20.2013

The decision of Romania’s energy watchdog ANRE to provide only hydropower and nuclear power to households, starting 2014, will cause loss of EUR30 million to hydropower generator Hidroelectrica, more

11.29.2013

Greek bank group Eurobank, owner of Bancpost, registered loss of EUR18.2 million in Romania in the first nine months of 2013, down 33.6% on the year, the financial institution said Friday. more

11.28.2013

Vienna Insurance Group underwrote premiums of EUR274.6 million in Romania in January-September, down 19.3%, while the group’s loss widened nearly four times to EUR36.1 million, driven by car more

11.20.2013

Romanian freight railway carrier CFR Marfa expects revenues of RON1.11 billion in 2014, up 8.6% from the RON1.02 billion it expects this year, and a loss of RON82 million, 2.7 times lower than this more

11.16.2013

Romanian dairy product maker Prodlacta Brasov (PRAE.RO) Friday said its loss increased almost eleven times in the first nine months of 2013 to 6.9 million lei (EUR1.5 million) from RON0.633 million in more

11.14.2013

Romanian car parts maker Altur Slatina (ALT.RO) Thursday said it switched to loss of 2.52 million lei (EUR0.5 million) in the first nine months of 2013, from profit of RON1.89 million in the similar more

11.14.2013

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) Thursday said its loss fell 62% to about 1 million lei (EUR0.230 million) in January-September 2013, from RON2.72 million in the similar more