INCREASE
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Bucharest’s Insolvent World Trade Center Posts 38% Higher Operating Revenues In July
Bucharest’s insolvent World Trade Center (WTC) reported a 38% increase in operating revenues in July, to nearly EUR837,000, company officials said.
Dacia Sales In Europe Rose Over 17% In January-July
Romanian carmaker Automobile Dacia went from planned layoffs to a 20% increase in production in only seven months this year, as its sales in Europe rose more than 17% despite a 7% decline in...
Berg Computers 1H Turnover Up 10% On Year To EUR1.3M
Romanian-German software solutions developer Berg Computers reported a turnover of EUR1.3 million in the first half of the year, up 10% from the same period in 2012.
Romania Ups Gross Minimum Wage To RON800 As Of July
The gross minimum wage in Romania will increase from RON750 to RON800 a month, or RON4.74 an hour, as of July 1.
Erste To Increase Share Capital By EUR660M To Repay EUR1.7B In Participation Capital
Austria’s Erste Group Bank (EBS.RO) will increase its share capital by about EUR660 million to fully redeem participation capital of EUR1.76 billion, the lender said in a statement Monday.
CEC Bank Increases Share Capital To RON1.12B
Romanian state-owned lender CEC Bank has increased its share capital by 32.5 million lei (EUR7.14 million) to RON1.12 billion by capitalizing on its 2012 profits, the bank said in a statemen...
Carmaker Dacia, Unionists Agree On Pay Rise
Unionists of Romanian carmaker Dacia and the management of the company Tuesday agreed to a 6% increase of the wage fund starting May 2013.
Groupama Asigurari Hikes Share Capital By EUR15M
Romanian insurer Groupama Asigurari has increased its share capital by 68.1 million lei (EUR15 million) to RON297.05 million, through shareholders’ cash contribution, following a decision in...
Romania’s Average Net Wage Rises Four Times In 10 Years
Romania’s average net wage reached 1,513 lei per month in 2012, four times as much as the ten years ago. But while the average net wage went up by 300% between 2002 and 2012, inflation rose...