losses

Over half of the Romanian private businesses (52%) say that shortage of skilled employees causes financial losses reaching a total of EUR 7.1 billion estimated for the entire economy, reveals PwC European Private Business Survey 2019. Most…

The National Bank of Romania (BNR) has reacted on Monday to the statements made by Darius Valcov, economic adviser to Prime Minister Viorica Dancila, by saying that he has problems in understanding the management of international reserves…

This is the question Ianc Petru, Chairman of the Romanian Society for Metallurgy has tried to answer. According to the expert, quoted by g4media.ro, most affected are the steel exports. Thus, Romania risks losing exports to the United…

New research from the European Union Intellectual Property Office (EUIPO) shows that EUR 60 billion is lost each year due to counterfeiting in 13 economic sectors. Over the past 5 years, the EUIPO has been tracking the economic cost of…

42 percent of Romanian organisations reported to have been the victims of fraud or economic crime in the past two years, slightly lower than the global (49 percent) and Eastern European (47 percent) reported rates, according to this year’s…

OMV Petrom published its results for Q1 and January-March 2018 on May 3. Main indicators points to clean CCS Operating Result at RON 958 million, up by 25% y.o.y., EPS at RON 0.0151, 38% higher y.o.y., free cash flow at RON 729 million, up…

Kubo Ice Cream, one of the largest ice-cream producers on the local market, producer of ‘Amicii’ brand, has gone bankrupt two years after filing for insolvency, ‘Ziarul financiar’ informs. The Neamt Court ruling reads “the bankruptcy…

Romanian banking sector ended last year with the best performance of all time. It recorded a net profit increasing by more than 30 percent compared to 2016, the highest in history, regardless reporting currency, RON or EUR, digi24.ro…

The National Air Transport Company announces that, following an internal analysis requested by the new General Manager during November 20 - December 29, 2017 the company's expenses will decrease by approximately RON 12.7 million per year.…

The National Regulatory Authority for Energy (ANRE) has approved Transelectrica to increase by 28% the tariff for the system service as of with January 1, 2018. Paradoxically, Transelectrica, national energy transport operator, has…