05.18.2022

Financial securities did not protect Rompetrol Rafinare, the company managing Petromidia, Romania’s biggest refinery, from the Ukraine war impact over oil prices, with the company’s losses soaring more

04.26.2022

Furniture producer Elvila, listed on the Bucharest Stock Exchange and controlled by businessman Viorel Catarama, shifted to losses in 2021. more

01.07.2022

Romania’s tourism in January-November 2021 lost around 4 million tourists compared with the same months of 2019. more

01.05.2022

Romanian National Air Transport Company Tarom last year generated revenues worth RON958 million, up almost 170% against 2020, in line with the adjusted revenues and expenditures budgeted published in more

10.22.2021

Romania’s state-owned passenger railway carrier CFR Calatori reached revenues worth RON1.8 billion in 2020, down 14% year-on-year, while losses more than doubled against 2019, to RON354 million. more

08.30.2021

The ten companies managing Bucharest’s largest shopping centres, occupying a total area of above 740,000 square metres, ended 2020 with overall losses of RON214 million. more

08.24.2021

Electroaparataj Targoviste, a maker of electrical equipment and electrotechnical accessories, ended the first half of 2021 with net losses of RON415,425, compared with net profit worth RON711,115 in more

08.19.2021

State-owned railway freight carrier CFR Marfa posted RON335 million loss in 2020, its 13th year in the red in a row, during which it accumulated more than RON3 billion losses, publicly available data more

08.11.2021

Alro Slatina group, one of Europe’s biggest vertically integrated aluminum producers, posted losses of RON47.5 million in the first six months of 2021, compared with profit worth RON253.6 million in more

08.11.2021

Agrana Romania, the biggest player on the Romanian sugar market, ended 2020 with turnover worth RON760 million, 27% higher than in 2019, in line with Finance Ministry data. more

06.14.2021

Even though pension funds generated about RON4.4 billion (EUR900 million) net profit for the employees paying into them, 2020 was a bad year for pension fund managers due to the RON14.6 million losses more

04.06.2020

The extension of the furlough period in the auto industry will lead to additional losses for the local automotive industry, which should have reached a new all-time high this year, thanks to the two more

09.20.2019

Flag carrying airline Tarom posted 624 million lei (EUR132 million) revenue in the first half, 17% higher than in the year-ago period. However, it remained in the red, and the last year it posted more

08.14.2019

The 30 worst net losses posted by IT&C companies in 2018 stood at 1.36 billion lei (EUR292 million), with telecoms leading the way into the red, ZF has found from the companies’ filings with the more

06.06.2019

Annual losses caused by counterfeit trade and pirated content in Romania amount to an estimated RON5.5 billion, the equivalent of 17.2% of sales across 11 economic sectors, a study released Thursday more

04.28.2017

KDF Energy, the third local energy trader which went insolvent since the beginning of the year, (after Transeenergo COM and Arelco Power) registered losses of RON4 million in January and RON10 million more

01.29.2016

Romanian state-run energy holding Complexul Energetic Oltenia expects losses higher by RON68 million for 2015, which translate into accounts receivable it can no longer recover from two companies, more

09.21.2015

A number of 21 brokerage companies of all authorized 28 switched on losses in 2015, compared with 16 companies end-2014, on the backdrop of a reduced activity on the Bucharest Stock Exchange, more

09.10.2015

Romanian steelmaker ArcelorMittal Hunedoara (SIDG.RO) switched to 4 million lei losses in January to June, compared with a net profit of RON5,2 million during the same period a year before. more

09.02.2015

Sugar processor Agrana Romania (BETA.RO) halved its losses in the first semester of 2015, at 13 million lei, on lower operating expenses. more

08.04.2015

Drought has seriously damaged this year’s crops and caused EUR2 billion losses to producers, which represent unrecoverable investments, thus, prices of Romanian products will increase in the more

02.10.2015

State-run airline Tarom, placed under private management, further operates a motley fleet made up of 24 Airbus, Boeing and ATR aircrafts, while its fleet homogenization process is still in the stage more

12.09.2014

Complexul Energetic Oltenia, Romania’s largest thermal power producer, which groups the energy complexes of Oltenia basin with lignite mines, registered losses of RON290 million (around EUR66 more

10.31.2014

Romania’s banking system will suffer a major loss this year on banks’ move to remove bad loans from their portfolios, a process that is far from having concluded as BNR wants a NPL ratio similar more

09.17.2014

The hotel companies controlled by SIF Transilvania (SIF3.RO) and traded on the Bucharest Stock Exchange in 2013 registered overall losses standing at 5 million lei (EUR1.13 million), ten times higher more