LOSSES
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Private Pension Fund Managers Post RON15M Losses in 2020
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 mill...
Six Weeks Of Shutdown For Auto Industry: Over EUR3.7B Losses, 70,000 Cars Not Made
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...
Tarom Headed to 12th Year in the Red after Posting RON66.3M Losses in H1
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 p...
Top 30 Loss-Makers In IT&C Sector RON1.36B In The Red In 2018
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...
Romania Loses RON5.5B Annually to Counterfeit Trade
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...
KDF Energy Widens Losses In January-February
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 RON...
Energy Holding CE Oltenia Expects Higher Losses For 2015 Due To RAAN Bankruptcy
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 comp...
ASF: 75% Of Brokers Posted Losses In 1H
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...
ArcelorMittal Hunedoara Switched To Losses In 1H
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.