ESTIMATE
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Fiscal Council Sees Romania Ending 2024 With 8% Cash Budget Deficit
The Fiscal Council reiterates the estimate that Romania will end 2024 with a cash budget deficit of around 8% in its Opinion on the draft of the first revision of the state budget, saying th...
Cismigiu Hotel Budgets 3% Growth In 2024
The four-star Cismigiu Hotel in Bucharest, one of landmark buildings of the city, held by Spain’s Hercesa, has budgeted for 3% higher revenue for 2024, up from EUR1.9 million in 2023, which...
Benvenuti Expects Flat Or Slightly Higher Sales In 2024
Romanian-held footwear retailer Benvenuti expects business to stagnate or grow slightly in 2024 compared with last year, when the company posted sales of almost RON178.5 million (more than E...
Optibelt Power Transmission Budgets 22% Growth in Revenue to EUR91M for 2023
Automotive components manufacturer Optibelt Power Transmission in Tautii-Magheraus, Maramures County, the local subsidiary of the German group Arntz Optibelt, estimates about RON448.2 millio...
Online Fashion Retailer Answear Expects 20% Growth in Sales in 2023
Polish-held online retailer Answear, which has a presence in Romania since 2015, aims to increase local sales by 20% this year compared with 2022, when its biggest growth, 40% was recorded i...
Evergent Investments Nine-Month Net Result 57% Higher Than Entire 2022 Estimate
Investment company Evergent Investments (EVER.RO) posted an estimated net result of RON101.4 million in the first nine months, 57% higher than the entire 2022 estimate, the company said in a...
eMAG Expects to End 2022 with EUR1B Sales
eMAG, the largest local online retailer and one of the biggest actors in the region, expects sales to exceed EUR1 billion by the end of 2022, CEO Tudor Manea said on ZF Live show.
eMAG Expects Higher Black Friday Sales in 2022, RON639M
Romania’s largest online retailer eMAG expects sales to reach RON639 million on this year’s Black Friday, which is set for November 11 and intended to be its biggest ever. The company actual...
Softbinator Seeks 64% Growth in Net Profit in 2022
Softbinator Technologies (CODE.RO), a Romanian software developer specializing in designing, developing and launching innovative products, has published its 2021 report and kept the budget e...