LOSSES
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Margaritar Sugar Brand Producer Halves Losses In 1H
Sugar processor Agrana Romania (BETA.RO) halved its losses in the first semester of 2015, at 13 million lei, on lower operating expenses.
Drought Triggers EUR2B Losses, Product Price Hikes - LAPAR
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...
Tarom, Caught Between “Preliminary Talks” And Missed Targets
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 t...
CE Oltenia Posts Losses In January-September, But Invests In Advertising
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 EUR6...
ARB: Local Banking System Will Suffer Major Loss This Year In NPL Clean-up Process
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 sim...
Hotels Controlled By SIF Transilvania Saw Losses Widen Ten Times Last Year
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 tim...
Credit Europe Halves Loss In Romania
Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, ended the first half of this year with a net loss of EUR6.1 million (the equivalen...
Romanian Business Learns How To Turn A Profit Again
Romanian companies reported the lowest overall loss in the past six years, at EUR10.5 billion in 2013, while profit totaled EUR14.1 billion, according to Trade Registry data. The gap between...
Banks And Insurers, One Fifth Of 100 Largest Losses In Romanian Economy In 2013
Around 20% of the almost EUR3 billion negative figure registered by the companies with the 100 widest losses in the economy last year were reported by banks and insurance companies, which vi...