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Comelf Targets 14% Higher Revenue In 2014, At RON183M
Companies

Comelf Targets 14% Higher Revenue In 2014, At RON183M

Romanian industrial equipment maker Comelf Bistrita (CMF.RO) aims to double its gross profit to 7.2 million lei (EUR1.6 million) and boost total revenues by 14% to RON183.1 million in 2014,...

Ecaterina Craciun · 25.04.2014 · 12:16 · 1 min
Argus Sees Revenues Rising 34% This Year, To Nearly RON192M
Capital Market

Argus Sees Revenues Rising 34% This Year, To Nearly RON192M

Romanian vegetable oil producer Argus Constanta (UARG.RO) estimates revenues of RON191.7 million this year, up 34%, and a pre-tax profit of RON5.9 million.

Oana Gavrila · 15.04.2014 · 17:42 · 1 min
Artego Expects 5% Higher Revenue, 42% Lower Profit In 2014
Energy

Artego Expects 5% Higher Revenue, 42% Lower Profit In 2014

Romanian conveyor belt maker Artego Targu Jiu (ARTE.RO) expects its revenues to go up 5% to 185 million lei (EUR41.4 million) and its net profit to drop 42% to RON3 million in 2014, accordin...

Ecaterina Craciun · 10.04.2014 · 14:15 · 1 min
THR Marea Neagra Targets 16% Higher Turnover In 2014, To RON32.5M
Capital Market

THR Marea Neagra Targets 16% Higher Turnover In 2014, To RON32.5M

Romanian company THR Marea Neagra (EFO.RO) targets a turnover of 32.5 million lei (EUR7.2 million) in 2014, up 16% on the year, and profit of RON3.4 million, nearly five times higher than la...

Ecaterina Craciun · 09.04.2014 · 12:50 · 1 min
Roads Authority Aims To Build 93 Km Of Highway In 2014 And 195 Km In 2015
Automotive

Roads Authority Aims To Build 93 Km Of Highway In 2014 And 195 Km In 2015

Romania’s road authority CNADNR said it wants to build 93.1 kilometers of highway in 2014, based on a budget of 2.65 billion lei (EUR0.58 billion), lower by RON1.1 billion than in 2013.

Ecaterina Craciun · 20.03.2014 · 16:32 · 1 min
Nuclearelectrica Shareholders Reject 2014 Budget
Energy

Nuclearelectrica Shareholders Reject 2014 Budget

Shareholders of Romanian state-run nuclear power company Nuclearelectrica (SNN.RO) Tuesday rejected the company’s revenue and expenditure budget for 2014, asking for another meeting after th...

Gabriela Stan · 12.03.2014 · 12:05 · 2 min
Main 20 Public Investment Projects In 2013 Cover Half Of Budget
Social/Politics

Main 20 Public Investment Projects In 2013 Cover Half Of Budget

The main 20 public investment projects in 2013 totaled 6 billion lei (EUR1.33 billion), namely half of the total sum assigned from state budget, of nearly RON12 billion, with the first three...

Gabriela Stan · 06.03.2014 · 13:06 · 1 min
Alro Plans To Shut Down Several Facilities, Cut Jobs
Energy

Alro Plans To Shut Down Several Facilities, Cut Jobs

Romanian aluminum company Alro Slatina (ALR.RO) will prepare a plan to shut down part of its production facilities, in an attempt to reduce costs, which could result in a significant number...

Gabriela Stan · 06.03.2014 · 10:37 · 2 min
Romania's 2013 Budget Deficit Stays Within IMF Target Of 2.5% Of GDP
Macroeconomics

Romania's 2013 Budget Deficit Stays Within IMF Target Of 2.5% Of GDP

Romania’s government managed to keep the fiscal deficit below the target agreed with the International Monetary Fund in 2013, as the budget gap stood 15.77 billion lei (EUR3.5 billion), or 2...

Bogdan Neagu · 29.01.2014 · 00:23 · 1 min