LOSSES
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Blocked Roads And Railways Cost Romania Hundreds Of Millions Of Euros A Day
Back in the communist regime days until 1989, if traffic stopped, heads would roll starting from station masters, says George Buruiana, chairman of the Railway Freight Carriers of Romania As...
Banks To Lose RON5B If Forced To Vet Contracts For Possible Abusive Clauses
Romanian commercial lenders are likely to incur aggregate losses of some 5 billion lei (over EUR1.1 billion) following the potential implementation of a regulation allowing collective lawsui...
Romania Central Banker Explains Why Companies’ Losses Hinder Economic Growth
The losses amassed by companies in Romania hinder the country’s economic growth, according to an analysis by central bank deputy governor Florin Georgescu.
Hidroelectrica Will Register Losses Of EUR100M In 2012 Due To Severe Drought - Administrator
Romania’s insolvent hydropower producer Hidroelectrica will register losses of EUR100 million this year and its revenues will drop by about 800 million lei (EUR175 million), the company’s co...
Economy Ministry: CNH Sold Coal Below Costs In 2009-2011
Romanian state-run coal mining company Compania Nationala a Huilei (CNH) posted total losses of 543.7 million lei (EUR121 million) in 2009-2011 because it sold coal at prices below the cost...
Insurance Regulator Posts Loss Of RON19M In 2011
Romania's insurance market regulator CSA posted losses of 18.9 million lei (EUR4.2 million) in 2011, compared with profit of RON5.2 million in 2010, according to its yearly report.
Posta Romana Accumulates Losses Of Almost RON500M In Three Years
The total losses of the Romanian postal company in the past three years amount to 484 million lei (EUR106.6 million) and the company risks to collapse if its restructuring plan is not succes...
Drought Costs Farmers EUR1.5 Billion In Lost Revenue
The drought will translate into up to 30% lower corn and sunflower crops this year, costing the farmers EUR1.4 billion to EUR1.5 billion in lost revenue, according to ZF estimates based on i...
Insurance Market Net Loss Up Eight Times In 2011 To RON330M
Romania's insurance sector posted net losses of 329.7 million lei (EUR72.2 million) in 2011, up eight times compared with 2010, according to Finance Ministry data centralized by MEDIAFAX.