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Farmec Budgets RON26M for Investments in 2019, Three Times Last Years’ Level
Cosmetics manufacturer Farmec Cluj-Napoca, the largest local actor on the EUR1 billion perfume, personal care and makeup products of Romania, has budgeted 26 million lei (EUR5.5 milion) inve...
Metrorex Expects Loss Of RON304M In 2019 Vs RON193.9M In 2018
Subway operator will register a loss of RON304 million in 2019, compared to RON193.9 million in 2018, according to the company’s 2019 draft budget of revenue and expenditure put up for publi...
Government Claims 35% of Nuclearelectrica's Reserves
The Romanian government has required state-owned nuclear power company Nuclearelectrica to give it 35% of the amounts set as other reserves either as dividends or payments to the state budge...
Power Holding CE Oltenia Targets RON1B Profit in 2019, Will Shed 200 Employees
Romanian state-owned energy holding CE Oltenia targets a profit of RON1 million this year after laying off 200 employees.
OMV Petrom Shareholders Approve RON4.17B Investment Budget For 2019
Shareholders of OMV Petrom (SNP.RO) approved Friday, within their ordinary general meeting, the company’s budget for 2019, which envisages investments of approximately RON4.17 billion in 201...
Romgaz Targets RON5B Revenue And RON1.1B Gross Profit In 2019
State-owned natural gas producer Romgaz (SNG.RO) has budgeted revenue of RON5 billion in 2019, lower than RON5.22 billion reported in 2018, and a gross profit of RON1.1 billion, 28% lower th...
Government Approves RON2B Guarantee Budget for 2019 First Home Program
Romania's government on Tuesday approved a guarantee budget of RON2 billion this year's state-guaranteed First Home program for first time homebuyers.
Romanian Lawmakers Amend Law to Raise 2019 Deficit Target to 2.76% of GDP
Romania's lower chamber of Parliament on Friday adopted an amendment to the national law capping the budget deficit to raise the deficit target to 2.76% of gross domestic product for 2019 fr...
Four Romanians Set Up Black Sea Fund, With EUR43M Investment Budget
Investment fund Black Sea Fund, which targets small and medium-sized companies, with EUR5 to EUR50 million revenue, will be investing in firms able to reach foreign markets, and the investme...