BUDGET
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MedLife Budgets RON1.6B Turnover in 2022, Up 13% YOY
MedLife group expects turnover to top RON1.6 billion in 2022, up 13.7% from the previous year, in line with the budget published by the healthcare operator for this year.
Banca Transilvania Wants to Boost Lending and Assets by Around 10% and Profit by 18%, to Over RON2B
Banca Transilvania, the biggest lending institution on the Romanian market by assets, expects to generate RON2.1 billion net profit this year, 18% above the 2021 gain, as it projects rising...
Romania’s Budget Deficit Down 25% to RON9.5B in Jan-Feb 2022
Romania’s general consolidated budget posted almost RON9.51 billion deficit in the first two months of 2022, 25% lower than the RON12.76 billion in the year-ago period, the Finance Ministry...
ASA CONS Targets EUR21-21M Turnover in 2022
Turda-based precast concrete product maker ASA CONS, the builder of the MDF plant of Oarja, near Pitesti, a EUR150 million project of Turkey’s Yildiz Entegre, expects EUR21-22 million turnov...
Lower Than Expected Consolidated Budget Gap in Q2
Romania’s general consolidated budget posted RON19.17 billion or 1.68% of GDP deficit in the second quarter of 2021, RON10.74 billion lower than the RON29.91 billion or 2.08% of GDP forecast...
Romania Launches New State Aid Scheme, With Maximum Budget Of RON3.75B, For Investment Projects
Romania’s finance ministry has launched a new state aid scheme for investments of over RON500 million, aiming to attract 15 large-scale projects. The maximum budget of the state aid scheme i...
La Fantana Earmarks RON44M for Investments in 2021
La Fantana, one of the leading local suppliers of bottled water for water coolers to companies seeks to expand the production capacity of the plant in Talmaciu, Sibiu County.
Romgaz Gets Majority Owner’s OK For 2021 Individual And Consolidated Budget Of Revenue And Expenditure
Romanian state-owned natural gas producer Romgaz (SNG.RO) said in a stock market report Friday that its shareholders approved on May 7, 2021 the company’s individual and consolidated budget...
Banca Transilvania Shareholders Approve RON573.7M Capital Hike
Shareholders of Banca Transilvania (TLV.RO), the biggest lender in Romania by assets, approved Wednesday a share capital hike of RON573.7 million from the lender's 2020 net profit and granti...