REVENUE
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Gorenje Sees Sales At EUR12M In 2011, Expects Slight Market Growth In 2012
Slovenian-held home appliances maker Gorenje, which has been operating in Romania for a decade now, posted about EUR12 million in net revenues in 2011 and expects 7% growth this year.
Arobs Transilvania Software Opened Its First Three Offices Abroad This Year
Arobs Transilvania Software, a company specializing in development of software solutions, recruited 115 people this year, so that it now has 285 employees. The company says it will continue...
Ceramic Tile Market Nears Maturity As Sales Through DIY Chains Rise
Bulgarian ceramic tile maker KAI Grup controlled by U.S. private equity firm Advent International, sees the market up by 5% to 10% in 2012. It would thus rebound from the slight decline in v...
Ruling Coalition Amends Draft Ordinance Cutting Revenue For Local Budgets In 2012
Romania’s ruling coalition leaders decided to amend the emergency ordinance regarding funds allotted to local authorities next year, so city halls and county councils will receive more money...
Government Bets Again On 7% Rise In Budget Revenues
The Government expects budget revenues to grow 7% next year if the flat tax remains at 16% and VAT stays at 24% under the scenario of a 2% positive economic growth and an improvement in tax...
Romania '12 State Budget Revenue Seen At RON95.6B; Spending Capped At RON113B
Romanian government targets total revenues to the state budget of 95.65 billion lei (EUR22 billion) in 2012, up 13.5% on the year, while overall spending is poised to stagnate at around RON1...
Romanian Power Company Oltenia Expected To Generate EUR1B In Revenue
Romania’s planned power company Complexul Energetic Oltenia is likely to generate around EUR1 billion in annual revenue, according to estimates of the Economy Ministry.
Dascalu Sees 6% Higher Revenue From Iulius Malls In Nine Months, At EUR32M
Businessman Iulian Dascalu, the biggest Romanian owner of shopping centers, registered revenue of EUR32.1 million in the first nine months from the Iulius Mall projects in Timisoara, Cluj, S...
ANAF: Tobacco Excise Revenue Up 38% On Year, To EUR1.27B In First Nine Months
Romania collected revenues of EUR1.27 billion from tobacco excises in the first nine months of the year, up 38% compared to the same period last years, Sorin Blejnar, head of the tax authori...