losses
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RON depreciation causes Artrom losses
Slatina-based Artrom (ART) pipe producer logged financial losses worth around 7.8m euros (25.4m RON) in the third quarter of this year, after the RON declined against the euro and the dollar...
Daewoo, losses of over 345m euros last year
Daewoo Automobile Romania, for which Ford US carmaker is in talks with the Romanian state to take over, registered net accounting losses of 345m euros in the previous financial year, while t...
Local OTP Bank unit sees losses widen in H1
OTP Bank Romania, the domestic unit of Hungary's biggest banking group, in the first half of this year registered net losses standing at 7.8m euros, around 22% bigger than in the correspondi...
Allianz-Tiriac income down on life insurance losses
Allianz-Tiriac, the biggest insurance company on the domestic market, saw operating losses worth one million euros on the life insurance segment in the first half of the year (H1), according...
Leumi cuts losses, expects profit in November
Bank Leumi, the domestic arm of one of the biggest Israeli financial groups, ended the first half of this year with net losses of almost 1.9m RON (0.5m euros). Israel's Leumi entered the dom...
Historical centre road works causing restaurants major losses
Works conducted in Bucharest's historic centre have prompted losses of 50-90% for restaurants, bars and clubs in the Lipscani area. The lack of clients, who are not prepared to traverse the...
Constructions boom may offset losses triggered by drought
This summer's drought could cost as much as 1% of GDP, but the losses could be compensated for by the boom witnessed in the constructions industry, believes the National Forecast Commission...
Drought causes tens of millions of euros in losses
The big agricultural cultivators will see tens of millions of euros in losses caused by this year's drought, which has affected more than half of the cultivated areas and particularly wheat...
Avicod Codlea offsets losses caused by bird flu
The producer of poultry products Avicod, based in Codlea, Brasov county, estimates it will post a turnover of approximately 5 million euros this year. The figure predicted would account for...