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Conpet Ploiesti Targets RON55.4M Net Profit, RON460M Revenue In 2020
Shareholders of state-run oil transporter Conpet Ploiesti (COTE.RO) have approved the company’s budget of revenue and expenditure for 2020, which envisages a net profit of RON55.4 million, d...
Oil Terminal Targets RON175M Total Revenue, RON3.6M Net Profit In 2020
Shareholders of Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) have approved the company’s budget of revenue and expenditure for 2020, as per a stock market report.
CFR Marfa To Undergo Restructuring, Sell Unprofitable Assets
Romania's state-owned railway fright company CFR Marfa, which has debts of RON1.3 billion, is set to implement a restructuring program to streamline operations and sell unproductive assets u...
First Home Program Continues in 2020 with RON2B Guarantee Budget
Romania's subsidized mortgage lending program for first time homebuyers will continue in 2020 and has a guarantee budget of RON2 billion, the same as in previous years.
Penny Market Earmarks EUR90M For Investments In 2020
German-held discount retailer Penny Market will invest EUR90 million in network and logistics area expansion this year. The company will therefore continue development of its business in Rom...
Dropping Income Tax Exemption for IT Employees Would Translate into RON1B State Budget Revenue a Year
Prime Minister Ludovic Orban continues to say that dropping the income tax exemption some IT employees currently get is a good thing and that equal fiscal treatment for all citizens and comp...
Tuborg Producer Has EUR10M Investment Budget for 2020
Brewer United Romanian Breweries Bereprod will continue investments in development of its business, says Kobi Dar, the manager who also became URBB president early last year.
Faced with Revenue Decline, PNL Government Set to Go with Over 4% of GDP Deficit
The PNL (National Liberal Party) government is to announce how it will adjust the 2019 budget and as things are right now, it is forced to raise the deficit to 4% of GDP and keep the spendin...
Budget Revision Draft Raises Revenues and Spending, Keeps Deficit Target at 2.76% of GDP
Romania's finance ministry on Tuesday released its proposed state budget revision draft, which raises expected revenues by RON3.75 billion, spending by RON3.9 billion and keeps the deficit t...