losses
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Equity funds see heavy losses
Equity funds lost up to 60% of their investors' money this year, after they bet on banks and financial investment companies (SIFs), whose shares were dealt a heavy blow by the crisis in the...
Unit-linked policy holders see 45% losses
Unit-linked insurance has registered declines of as high as 45% since the start of the year, mainly in the wake of financial turmoil.
Head of Allianz-Tiriac: Insurers' losses will be at least as big as last year
The insurance market will see net losses at least similar to those recorded in 2007, worth almost 76 million euros, forecasts Cristian Constantinescu, general manager of Allianz-Tiriac, the...
Agricola Bacau continues to lose money
Agricola Bacau continued to see losses on all meat and charcuterie segments in the third quarter of this year
OTP ends first half with over 5 million-euro losses
OTP Bank Romania ended the first half with a net loss worth over 5 million euros, most of which was accumulated in the second quarter, due to the increase in credit loss reserves by no less...
UPC losses double in 2007 and exceed 65m euros
Telecom operator UPC Romania posted losses worth 230.18 million RON (65.3 million euros) in 2007, up 107.8% against the previous year, according to company data from the draft of the merger...
NBR: 137m-euro profit after years of losses
The rising prices of gold and RON decline have driven the central bank's balance sheet into the black. Last year, the National Bank generated net income worth a little more than 137m euros,...
Stock Exchange-listed insurers post severe losses in H1
Local insurers listed on the Bucharest Stock Exchange (BSE) saw drastic declines in the first half of the year. Agras, Asirom, Ardaf and Astra, the only insurance companies listed on the on...
Cadbury Romania to recoup financial losses in three years
Cadbury Romania, owner of confectionery producer Kandia-Excelent, wants to recover last year's losses, worth 1.5 million euros (5.1 million RON), within 3 fiscal years, according to informat...