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Cemacon Expects To Return To Profit In 2012, On 65% Higher Turnover
Romanian brick maker Cemacon (CEON.RO) expects turnover to grow by 65% this year, from 27.3 million lei (EUR6.2 million) to RON45.1 million, and net profit of RON1.02 million, after losses o...
Banca Transilvania Holders OK RON129M Capital Hike - Sources
The shareholders of Romanian lender Banca Transilvania (TLV.RO) on Friday approved increasing the bank's share capital by 129.3 million lei (EUR29.5 million), to RON1.903 billion, and launch...
Boromir Prod Eyes Double Profit This Year
Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) plans to double its profit this year, to 2.7 million lei (EUR617,000), and to invest EUR2.6 million to expand its production...
Agrana Romania Sees 2012 Profit Plunging 13-Times, To RON6.5M
Sugar maker Agrana Romania (BETA.RO) estimates its net profit will plunge to RON6.5 million (EUR1.4 million) this year, 13 times lower on the year, and its turnover is seen falling 10% to RO...
Alum Tulcea Plans Investments Of $6.8M This Year
Romanian alumina producer Alum Tulcea (BBGA), controlled by the Vimetco group through Alro Slatina, is planning investments worth $6.85 million this year.
Turbomecanica Eyes Return To Profit In 2012, After Four Straight Years Of Losses
Romanian aircraft parts manufacturer Turbomecanica (TBM) estimates it will switch to net profit of 34.3 million lei (EUR7.84 million) this year, after total losses of RON66.6 million in the...
Zentiva Romania Expects Higher 2012 Sales, Profit
Romanian pharmaceuticals company Zentiva Romania (SCD.RO) expects sales of 255 million lei (EUR58 million) in 2012, up 8.5% on the year, and a 3% higher profit, of RON35 million (EUR8 millio...
Romania 1Q Budget Gap At RON3.4B, Meets IMF Requirements
Romania’s consolidated budget posted a deficit of 3.4 billion lei (EUR776 million) in the first quarter, equal to 0.56% of the gross domestic product, Finance Ministry data showed Wednesday.
Government Plans To Revise 2012 Budget In July-August
Romania's Government has announced it plans to carry out this year's first budget revision in the second semester, during the parliamentary recess, scheduled for July-August 2012.