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