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CFR Marfa Switches From Profit To RON137M Loss
Automotive

CFR Marfa Switches From Profit To RON137M Loss

Romanian state-owned railway freight carrier CFR Marfa expects loss of RON137 million in its revised budget of revenue and expenditure for 2017, compared with the initially forecast profit o...

Ecaterina Craciun · 27.10.2017 · 17:26 · 1 min
Transelectrica Considers Borrowing Money to Pay Dividends to Romanian Government
Companies

Transelectrica Considers Borrowing Money to Pay Dividends to Romanian Government

Romanian state-run power grid operator Transelectrica might have to borrow money to pay special dividends of RON170.79 million as the government, its majority shareholder, has required.

Oana Gavrila · 20.09.2017 · 16:29 · 1 min
JLL: Companies Earmark Up To EUR800/Sqm For Office Space Setup To Attract And Retain Employees
Companies

JLL: Companies Earmark Up To EUR800/Sqm For Office Space Setup To Attract And Retain Employees

The workspace offered by companies to their employees has become a key factor in attracting and retaining skilled people and this also reflects in costs allocated to set up office spaces, wh...

Ecaterina Craciun · 18.09.2017 · 14:25 · 1 min
Romania To Raise Funds for Most Ministries At Budget Revision
Social/Politics

Romania To Raise Funds for Most Ministries At Budget Revision

Romania's government will have a positive budget reversion, with additional funds for most ministries, due to better than expected economic growth, finance minister Ionuț Misa said Friday.

Oana Gavrila · 08.09.2017 · 16:29 · 1 min
Romanian Government To Revise Budget by End-September
Social/Politics

Romanian Government To Revise Budget by End-September

Romania's government will revise the state budget by the end of September, the finance ministry said in a statement Wednesday.

Oana Gavrila · 06.09.2017 · 13:44 · 1 min
MOL Romania Has More Than EUR10M For Investment In 2017
Energy

MOL Romania Has More Than EUR10M For Investment In 2017

MOL Romania, the local subsidiary of Hungary’s MOL group and the fourth leading fuel retailer in the country, plans to make more than EUR10 million investments in Romania by yearend.

Loredana Frățilă-Cristescu · 22.08.2017 · 10:04 · 1 min
Tarom Estimates RON41.2M Loss in 2017, Plans to Invest RON267.7M
Companies

Tarom Estimates RON41.2M Loss in 2017, Plans to Invest RON267.7M

Romanian state-owned airline Tarom estimates it will end the year 2017 with a gross loss of RON41.2 million, but plans to make investments of RON267.7 million, accounting to its budget plan.

Oana Gavrila · 02.08.2017 · 13:57 · 1 min
SME Council Sees Impact Of Public Wage Law On Budget Expenditure At RON42B Until 2022
Macroeconomics

SME Council Sees Impact Of Public Wage Law On Budget Expenditure At RON42B Until 2022

The National Council of Romanian Small and Medium-sized Enterprises, or CNIPMMR, on Monday said it expects the impact of the public sector wage law on budget expenditure to reach RON34 billi...

Ecaterina Craciun · 29.05.2017 · 15:52 · 1 min
Romania Posts RON1.35B Budget Surplus In January-April 2017
Macroeconomics

Romania Posts RON1.35B Budget Surplus In January-April 2017

Romania's general consolidated budget posted a surplus of RON1.35 billion in January-April 2017, or 0.17% of the gross domestic product (GDP), finance ministry data showed Thursday.

Ecaterina Craciun · 25.05.2017 · 19:54 · 1 min