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Vienna Insurance eyes profit in Romania this year
April 10, 2014 / 8:27 AM / in 4 years

Vienna Insurance eyes profit in Romania this year

VIENNA, April 10 (Reuters) - Vienna Insurance expects to make a profit in Romania this year, its chief executive said, after a 75 million euro ($104 million) writedown in 2013 due to tough competition.

“We have good signs that it will improve significantly and expect to turn Romania positive this year,” Peter Hagen told a news conference after the company reported final 2013 results on Thursday. ($1 = 0.7234 Euros) (Reporting by Angelika Gruber; Writing by Georgina Prodhan; Editing by Erica Billingham)

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