CE Turceni expects 340m-euro turnover

Representatives of energy complex Turceni, the largest thermo-electric plant in Oltenia, SW Romania, say it has so far remained unaffected by the crisis, however cost cuts have been made (by dropping holiday season purchases). Officials of the plant expect a twice as high turnover growth rate in 2009 on this year, although the majority of players announce a decline in energy consumption, coupled with a price decline. "At present, we are not faced with a crisis. However, we have taken a first step, by dropping all holiday season purchases. Given the environmental projects that need to be carried out and which, apart from the actual investment, also require workforce, we do not have any personnel cuts planned for the coming period," say CE Turceni representatives. The company expects an 11.6% turnover growth rate to 1.223 billion RON (339 million euros) for next year, compared with the 1.096 billion RON (298.6 million euros) forecast for the end of this year.