losses
178 articole · RSS
Losses of mandatory private pensions managers deepen
Six of the nine mandatory private pension fund managers (2nd pillar) posted cumulated losses of 48.7 million lei (11.6 million euros), 64% higher than in 2009.
How alarming banking system losses really are
Sometimes in the black, other times in the red, this has been the trend of the banking system over the past two years, judging by Romanian accounting standards. From 20 banks that ended 2009...
Tnuva takes tough measures to cut losses
Faced with massive losses, of over 22 million euros in 2009 - bigger than its turnover, dairy producer Tnuva Romania has outsourced the department in charge of arranging products of shelves,...
Major insurers curb losses
The insurance market went into the red in 2006 and since then losses have deepened by the year. In 2009, though, major insurers seem to have had better results.
Greek banks cumulate losses by Romanian standards but announce profits in IFRS
Most Greek banks ended the first half of the year with losses according to Romanian Accounting Standards (RAS), with the biggest losses being posted by Bancpost (117 million euros) and Pirae...
KBC CF has had 14m-euro losses since its establishment
KBC Consumer Finance, the consumer lending division of Belgian-based KBC, set up in 2007 and operational since April last year, has posted around 13.5 million euros in losses since its estab...
Investment bankers: There are no bankruptcies as they would generate big losses for banks
Investment bankers believe the bankruptcy of unprofitable companies would be an economic rebound prerequisite, but that for the time being there have been no high-profile bankruptcies on the...
Tarom ends H1 with 11 million-euro losses, five times more than expected
Tarom, Romania's state-held air carrier ended the first six months of this year with 44.7 million RON (10.6 million euros) in losses, exceeding the sum provided for in the spending and reven...
Consumer finance companies see losses deepen
Losses of big consumer finance companies deepened last year, with some players losing as much as three times more than previously, according to data published on the website of the Ministry...