Note that the contribution on the group results is minimal.
The company will proceed to the gradual transfer of part of its productive unit in Italy to Romania.
Marfin analysts said that working costs are substantially lower (c. 1/10) in Romania while along with the size of the local market could provide a comparative advantage to the group.
The transfer is expected to be intensified in 2006-07.
FY:06 estimates for the Romanian subsidiary call for top line growth of 27-28% and bottom line growth of 25-26%.
