LOSS
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Hidroelectrica Administrator: We Are Preparing For Force Majeure
Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drou...
Insurers That Sell General Insurance Policies Face Losses - CSA Head
The acquisition costs, reserves and damages paid by Romanian insurers that sell general insurance policies exceed revenues from underwritten premiums on this segment, Constantin Buzoianu, pr...
Posta Romana Loses RON4M A Month From Breach Of Its Postal Monopoly
Romania’s state-run postal operator Posta Romana is losing nearly 4 million lei (EUR896,077) monthly due to various companies infringing on its monopoly on postal services held until Decembe...
Healthcare Budget To Lose RON1B Yearly By Eliminating Part Of Pension Contributions
Romania's social health insurance fund will be out more than 760 million lei (EUR172 million) this year, as a share of contributions from pensions over RON740 will no longer be charged, and...
Posta Romana 2011 Loss Down 85% On Year, To EUR4.3M
Romanian state-run postal company Posta Romana reported losses of EUR4.3 million in 2011, down 85% on the year, according to company’s data.
ING: Romania’s Banking Market May See Third Year Of Loss In 2012
Romania’s banking system might see red in 2012 as well, for the third consecutive year, and players with considerable losses will most likely need additional capital, according to Florin Ili...
Tarom's Net Loss Shrinks To RON252.2M In 2011
Romanian state-run airline Tarom has narrowed its losses by 24.2% to 252.18 million lei (EUR58.1 million) in 2011, from RON332.5 million a year earlier.
Cinteza, BNR: Romanian Banks To Post Loss In 2011
Romanian banks will register loss this year due to higher non-performing loans, which will trigger negative results in the last quarter, said Saturday Nicolae Cinteza, head of the central ba...
Vienna Insurance Group Posts EUR8.8 Pre-Tax Loss In Romania For Jan-Sept 2011
Revenues of Austrian insurer Vienna Insurance Group (VIG) in Romania stagnated at EUR416.2 million in January-September, but expenses climbed 9%, leading to a pre-tax loss of EUR8.8 million...