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Low Profit Margin Discourages Insurers From Selling Health Insurance Policies
Damages paid by insurers selling private health insurance policies amount to 90% of underwritten premiums on this segment, while administration expenses reach 5-6%, which explains why only a...
Farmaceutica Remedia Expects 23% Lower Net Profit To RON4.28M In 2013
Romanian pharmaceuticals wholesaler Farmaceutica Remedia Deva (RMAH.RO) estimates its net profit will shrink by 23% to 4.28 million lei (EUR970,000) in 2013, according to the company’s budge...
Banca Transilvania Eyes RON388M Gross Profit In 2013, Up 14% On Year
Romanian lender Banca Transilvania (TLV.RO) forecasts a gross profit of 388 million lei (EUR87.98 million), up 14.5% from RON340 million a year before, according to a budget draft under deba...
SIFs Plan To Sell Assets Worth Half A Billion Lei In 2013
Four of Romania’s five regional investment funds SIFs will continue to sell assets in their portfolios this year in order to obtain high profit, according to their draft budgets for 2013.
OMV Petrom Expects 15% Higher Profit In 2013
Romanian oil company OMV Petrom (SNP.RO), owned by Austria’s OMV, expects sales revenues of 17.21 billion lei (EUR3.89 billion) in 2013, down 10% from RON19.12 billion last year, and net pro...
Insolvent Hidroelectrica Swings To EUR10M Monthly Profit
Major state-run energy producer Hidroelectrica has moved from monthly losses of EUR50 million to a profit of EUR10 million last month, shows a report on the company’s financial performance p...
Banks Paid Just RON1B In Profit Tax In Last Three Years Of Economic Turmoil
The economic crisis caused losses for around half the 42 banks on the Romanian market, with the budget “losing” a big share of the resources that banks used to pay in profit tax, as the over...
Generali Romania Expects Underwritten Premiums Of RON472M In 2013, Return To Profit
Insurer Generali Romania expects underwritten premiums of 472.3 million lei (EUR107 million) in 2013, up 9.3% on the year, and net profit of RON21.1 million from losses of RON18.1 million in...
Fondul Proprietatea Loss Climbs To RON3.74M In February
Romanian investment fund Fondul Proprietatea (FP.RO) Friday reported a loss of 3.74 million lei (EUR0.85 million) for February, almost three times higher on the month.