Romania's forest management company sees 10% growth this year

Romania's state-owned forest management company Romsilva expects total revenues of EUR 402 million this year, up by 10% over 2015, according to the budget draft. The total expenses are estimated at EUR 376 million, also up 10% year-on-year. The company plans to reach a gross profit of EUR 35.6 million, 10% higher compared to 2015. The personnel expenses are expected to increase by 13.3%. The wage costs will go up by 10% whereas the bonuses will grow by 45.6%. Romsilva has over 16,600 permanent employees as well as over 5,600 seasonal employees. editor@romania-insider.com