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Five times lower net income for Azomures
Azomures Targu-Mures, a producer of chemical fertilisers, has budgeted net income worth around 0.83m euros (2.94m RON) for this year, down 83% from the net income posted in 2005. The company...
Turbomecanica profit lower than expected in H1
Turbomecanica profit lower than expected in H1
22% lower revenues for Comnord
Construction company Comnord Bucharest posted a turnover worth 6.05 million euros (21.5 million RON) in the first quarter of this year, a 22.5% drop against the same period of 2005. The comp...
Intercontinental boss: lower salaries, higher profitability
The salary regime of the Romanian market is reflected in a much higher profitability rate of hotels in Romania compared with hotels operating in mature markets, says Hans Rudolf Rutti, gener...
Lower taxes generate higher foreign investor interest in Romania
The profit tax of only 16% is encouraging multinationals doing business in Romania to let their profits be subject to taxes in this country, or even try transferring price schemes to move pr...
Transgaz: lower profit, more employees
Societatea Nationala de Transport Gaze Naturale Transgaz Medias, saw a net profit standing at 138.4 million RON (38.4 million euros) at the end of last year, a 23% drop against the same peri...
Authorities finally admit growth in 2005 much lower than expected
Premier Calin Popescu-Tariceanu and vice-premier Gheorghe Pogea yesterday admitted that the main macroeconomic targets set for 2005 were not met. "The economic growth was of only 4.2%-4.5%,...
10% lower real estate investment yield this year
The annual yields derived by real estate investors on the Romanian market range between 15 and 35%, but are set to drop by 10% this year, according to the real estate company Regatta. "Given...
Flat tax: lower taxes, same revenues
The consolidated budget revenues increased by more than 5% in 2005, thus attaining 99.4% of the revenue target set in the Budget Law. The flat tax showed in its first year of application tha...