LOSS
330 articole · RSS
Romanian State-Owned Airline Tarom Expects RON117M Loss This Year
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.
Austria’s VIG Gets Tired Of Losses, Moves To Harsh Restructuring Steps In Romania
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 h...
Greek-Held Marinopoulos No Longer Has Any Business In Romania
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 l...
High Expenses Keep Insurers In The Red
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 revenu...
BCR Life To Cover Loss By Returning Dividends
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 t...
Astra Asigurari, VIG’s Romanian Businesses Generated 85% Of Total Loss On Insurance Market In 2013
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 insura...
Insurance Industry Ends Eighth Year In The Red With EUR100M Loss
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, accor...
Mariana Diaconescu Leaves Asirom Following EUR54m Loss
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...
Transition Keeps IKEA Romania In The Red
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...