REVENUE
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Alro Bets On Sales Rebound
Alro Slatina (ALR.RO), the biggest aluminum smelter in the region, has budgeted 2014 sales of $642 million (around 2.12 billion lei at the current exchange rate of RON3.3 per dollar) and pro...
Palas Drives Dascalu’s Real Estate Revenue Up 16% To EUR65M
The first entire operational year of Palas center of Iasi, the largest real estate investment outside Bucharest, drove revenue of the Iulius group controlled by businessman Iulian Dascalu, t...
Insolvencies Hit Record High In Romania Last Year
More than 29,500 companies employing almost 150,000 people went insolvent last year, the highest level since 2008. The number of insolvencies went up 10% on 2012 and doubled compared with 20...
Immofinanz 1H 2013/14 Rental Income In Romania Rises To EUR24.5M
Austrian property investor Immofinanz Thursday said its rental revenues in Romania increased slightly to EUR24.5 million in the first half of the 2013-14 fiscal year, from EUR23.6 million in...
Dunca Expeditii Expects High Single Digit Growth In 2014
Dunca Expeditii, one of the largest road freight carriers in Romania, forecasts a growth of 5% to 10% in revenue next year, as a result of the fleet expansion in 2013, owner Romeo Dunca told...
Romania’s Government Fully Aware Of Low VAT Collection, Inability To Fight Tax Evasion
Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, inclu...
Insurers Underwrote Premiums Of RON5B In January-September
Gross underwritten premiums of the ten largest insurers in Romania stood at almost 5 billion lei (EUR1.12 billion) in January-September, a mere RON35 million more than in the year-ago period...
Finance Ministry Plans To Get More Money From Tax On Profit, Income By 2017
Romania’s Finance Ministry anticipates that banks and companies, as well as individuals, will earn higher income in the years to come and will contribute more to the budget than the amounts...
EXCLUSIVE: Romania To Get RON344M In Revenue From Minimum Wage Raise
Romania will get additional state budget revenue of RON344 million (EUR77.2 million) from raising the minimum wage, according to an official government document obtained by MEDIAFAX.