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

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