The national company Romarm estimates total double income this year, of 287.4 million lei, for a profit worth 700,000 lei and prepared investments of 13.94 million lei. The Romanian government approved on Thursday the government decision regarding the income and expenses budget for 2022 of the National Company Romarm, under the authority of the ministry of economy. ‘The measures proposed by the present document aims at the increase of total income by 97.83% from 145,290,000 lei to 287,430,000 lei . At the same time, there is approval for the increase of total expenses by 97.76% from 144.990,000 lei to 283,730,000 lei, correlated to the increase of total income. ‘The approval of the government decision represents an important step for the National Company Romarm, the value of the investments is estimated to be 13,947,000 lei. The financing of the investments will be made from their own resources, on the basis of payback as well as other sources, through financing from the state budget’ stated the minister of economy, Florin Spataru. The company proposes in 2022 profit worth 700,000 lei, up by 133,34% against the level made at the end of 2021. (Photo:https://romarm.ro/produse/)
Almost 68% of Romanians say they would like the level of foreign direct investment in Romania to increase (versus 15% who would like to see fewer foreign investors), according to a poll "on the population's attitude regarding economic patriotism and the vulnerabilities of the democratic regime," conducted by INSCOP at the behest of the Concordia […]
Belgian logistics real estate developer WDP has announced a EUR 52 million investment in expanding its logistics infrastructure in Dragomirești, on the outskirts of Bucharest, as part of a broader EUR 107 million development program also covering Ridderkerk in the Netherlands, according to
Romanian telecommunications group Digi Communications (BVB: DIGI) announced on April 10 that its subsidiary Digi Romania concluded on April 9 a notification regarding an additional credit facility of EUR 200 million to a senior facility agreement dated April 21, 2023, according to a note sent by the group to investors. The facility has a maturity […]
German discount store chain Penny plans to reach a network of 1,000 stores in Romania by 2035, from 417 currently, and earmarked a budget of EUR 3 billion for local development, according to the company's CEO Daniel Gross, quoted by Revista Progresiv. "In our first analysis...
No price hikes are expected in the short term while the prices might decrease in the long term, Romanian finance minister Tanczos Barna told news channel Digi24, commenting on the effects of the tariffs imposed by the...
Romania's rapidly rising public debt remained steady through January, ending the month at RON 964.4 billion (EUR 193.8 billion), or 46.8% of GDP, according to data published by the Finance Ministry. With no FX or Fidelis bond issue to households in the first month of the year, the public debt has remained constant. However, EUR 4 […]
