Electrica Group reports massive losses
The electricity supply, distribution and production group Electrica SA, where the largest shareholder is the Romanian state through the Ministry…
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E.ON Romania estimates losses of over 100 mln. euro due to state measures
E.ON Romania estimates that it will register losses of over 100 million euro in the activity of supply and distribution…
Moise, Patres: Suppliers are forced to bear losses, investors lose appetite for Romania
The new cap law means new losses for suppliers, writes Vice President of Patres, Martin Moise, on a social media…
Elcen: In 2020, losses in the district heating network rose to 2,200 t/h
The losses in the district heating network rose this year to 2,200 t/h, compared to 1,200 t/h last year, says…
OMV Petrom Group posted losses of 41 mln. lei in Q3
OMV Petrom Group posted a loss of 41 million lei in the third quarter of the year (Q3), compared to…
Chimcomplex Borzești, severely affected by the crisis, reports losses of 27 mln. lei in H1
Bogdan Tudorache Chimcomplex Borzești, a company controlled by businessman Ștefan Vuza, reported losses of about 27 million lei in the…
FP announces a loss of over 848 million lei in H1, mainly due to the decrease of Petrom shares
Bogdan Tudorache Fondul Proprietatea announced a loss of 848.6 million lei for the first half of this year (S1), it…
Norway’s sovereign fund lost $21 billion in the first half
Norway’s largest sovereign wealth fund lost $ 21 billion in the first half, as a recent return to the stock…
ELCEN: The inhabitants of the Capital do not have hot water at optimal standards due to the large losses in the Thermoenergetica pipes
The inhabitants of the Capital do not have hot water or the supply is deficient due to the big losses…
PwC: Global companies report USD 42 bln. in losses due to cyber fraud in the last 2 years
The value of losses reported by global companies due to cyber fraud amounts to USD 42 billion in the last…
ALRO Group recorded a loss of 67 million lei in 2019, delaying investments
Bogdan Tudorache ALRO Group registered a turnover of RON 2.78 billion, slightly lower compared to the similar period of 2018,…
Alro records losses due to energy prices and LME quotations
Bogdan Tudorache Alro Group ended the year 2019 with a turnover of RON 2,777,801 thousand (down by 7% compared to…
Transgaz loses 435 mln. lei in operating revenues in 2020, profit decreases by 65%
Bogdan Tudorache Transgaz proposes to shareholders to approve, at the general meeting (GSM) of March 4, a budget of revenues…
Germany’s RWE to cut one in three jobs in $2.9 bln coal exit deal
RWE, Germany’s biggest power producer, will cut about 6,000 jobs, or nearly a third of its current workforce, by 2030…
European coal plants forecast to lose Euro 6.6bn in 2019
Four in five of Europe’s coal-fired power plants are unprofitable, with the potential for €6.6bn of losses in total for…
Difficult conditions for heating: Water losses increase
Given the fact that last winter there were 3,500 damages in the RADET network, the huge losses in the network…
Thermal power plants in Oltenia will end the year with a loss of 1.2 bln. lei
The Energy Complex Oltenia, the second largest producer of electricity in Romania and administrator of the lignite mines and thermoelectric…
German lignite plants loss sum up to 600 mln. Euro in H1
Germany’s fleet of lignite power stations has likely lost more than 600 million euros in the first half of 2019,…
GE posts loss, takes Boeing hit but raises forecast
General Electric Co (GE.N) raised its 2019 forecast on Wednesday, helped by improvement in its industrial businesses, even as its…
Tesla posted USD 1.1 billion loss in first quarter, down 22%
Tesla, the manufacturer of luxury electric cars, lost USD 1.11 billion in the first six months of this year, 22%…
A hard Brexit to cost Romania 413 mln. euro anually
A new study by Bertelsmann Foundation in Germany says that Romania would lose about 413 million euro annually, in a…
Gazprom’s local gas station network posts losses
Nis Petrol, the company that manages Gazprom’s gas distribution network in Romania, failed to make profit in 2016, recording a…
