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Masterplast Romania Targets Nearly 5% Higher Sales In 2013, To EUR22M
Building materials producer and distributor Masterplast Romania, held by Hungary’s Masterplast Group, estimates sales of 95 million lei (EUR21.6 million) in 2013, up nearly 5% from 2012.
A&D Pharma CEO: It’s Getting Harder To Achieve Our Sales Target
Robert Popescu, chief executive officer of A&D Pharma, the largest local pharmaceutical group, says the first quarter of the year was the most difficult in his entire business career and the...
Energy Trader Tinmar Eyes 20% Turnover And Profit In 2013
Romanian power supplier and energy trader Tinmar-Ind reported turnover of 1.38 billion lei (EUR319 million) in 2012, similar to 2011, while its profit rose 40% to RON30.1 million.
Slow Economic Activity, EU Funding Freeze Widen Romania’s 2012 Budget Gap
The freeze on EU funding and the sluggish economic activity widened Romania’s budget gap in 2012, causing the country to miss its budget deficit target agreed with the International Monetary...
Romania Misses 2015 Euro Adoption. New Government To Decide On New Target, Central Bank Says
Romania’s euro-zone entry in 2015 is difficult to achieve and the new government that will be formed after December’s parliamentary elections is set to decide if the timeline for adopting th...
EU Funds Absorption Target Missed In 2012 Too
The ambitious target of the former Government, led by prime minister Emil Boc, to attract EU refunds of EUR3.5 billion has been missed.
BCR’s New Board Eyes Return To Profit
The new management team of Banca Comerciala Romana, or BCR, has set as main target a return to profit in the medium term. The Romanian central bank has recently approved the appointment of T...
Quicker Payments To Budget Saved First-quarter Deficit Figures
The spectacular rise of collection from the corporate tax and the higher amount attracted to the budget in March from individual income taxes contributed to the rise of budget revenues by 16...
Budget Deficit Target Already Under Threat As Public Debt Is Rising Fast
Romania's budget deficit in the first two months was the same as in 2011, while public debt continued to rise fast because of the Finance Ministry's policy to borrow aggressively from market...