10.27.2016

Romania is in process of transition from an emerging economy to a developed economy and 2016 is a peak year for the economic post-crisis cycle, Banca Transilvania chief economist Andrei Radulescu said more

10.19.2016

The private healthcare market still is at a very low level in Romania and is expected to see an annual growth of 20%-30% in the future, based on Romanians’ need to enjoy quality healthcare services more

10.10.2016

Romania’s courier services market, which rose 13% on the year, to EUR370 million, in 2015, is expected to exceed EUR400 million in 2016, in the context of higher economic growth and of companies and more

10.05.2016

The International Monetary Fund (IMF) estimates Romania’s economy will increase by 5% in 2016 and by 3.8% in 2017, according to the World Economic Outlook report published on Tuesday October 4. more

08.08.2016

Romania's central bank has revised its inflation forecast to -0.4% this year from a previous projection of 0.6%, central bank governor Mugur Isarescu told a news conference Monday. more

07.28.2016

Romanian managers expect activity in the construction sector and retail to grow between July and September 2016, see moderate growth in services and industry, and also expect prices to stabilize, more

07.25.2016

Perla Harghitei, one of the largest mineral water bottlers on the Romanian market, targets a turnover of RON99.8 million in 2016, up 13% against the previous year, according to data provided by the more

07.24.2016

Romanian software solutions provider Arobs Transilvania, one of the largest IT companies in Cluj-Napoca, controlled by entrepreneur Voicu Oprean, boosted its net profit over five times in 2015, more

07.07.2016

Romanian eLearning company Ascendia, which was listed on the Bucharest Stock Exchange’s alternative trading system AeRO on Thursday, expects its turnover to double until 2018, to over EUR2 million, more

07.07.2016

Romania’s economic growth will accelerate to 4.1% in 2016, but is likely to slow down to 3.1% in 2017, due, among others, to the dependence on imports and a slowdown in exports generated by more

07.06.2016

Furniture manufacturer Rus Savitar – Casa Rusu targets a consolidated turnover of EUR51 million in 2016, up 20% from EUR43.7 million a year ago, on the backdrop of extending its store chain. more

06.13.2016

Romanian plastic systems maker Teraplast Bistrita (TRP.RO) targets a 20% higher turnover, of RON473.2 million, and a 27% higher net profit in 2016. more

05.10.2016

Romania's central bank has revised down its inflation forecast for this year, to 0.6%, from a previous estimate of 1.4%, and to 2.7% in 2017, from a previous estimate of 3.4%. more

05.06.2016

Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), the operator of Bucharest-based five-star Intercontinental Hotel, expects total revenue of RON48 million and a net profit of RON4.4 million in more

04.28.2016

Romania’s economy is expected to grow 4.2% in 2016 and 4.3% in 2017, and its budget deficit is seen reaching 2.95% of GDP in 2016 and 2.9% of GDP in 2017, according to the 2016 convergence program more

04.27.2016

Footwear and leather accessories retailer Il Passo expects a turnover of EUR700,000 in 2016, almost double against the previous year, according to company officials. more

04.10.2016

Romania has potential to reach 4,000-5,000 farm machines sold per year, from nearly 1,800 units sold currently, when the entire arable land will be used, said Marcelo Pedrazzini, business director more

02.09.2016

Romania's central bank has revised its inflation forecast to 1.4% this year from a previous forecast of 1.1%, central bank governor Mugur Isarescu told a news conference Tuesday. more

02.04.2016

The European Commission has made marginal improvements on Romania's economic growth estimates in its winter forecast released Thursday, but warns of risks posed by new legal initiatives and a widening more

11.09.2015

Romania's central bank has revised its annual inflation forecast for this year and sees it at -0.7% from -0.3% in August, considering the impact of tax cuts, central bank governor Mugur Isarescu told more

11.05.2015

The European Commission expects Romania's economic growth will pick up this year and the next, to 3.5% and 4.1% of gross domestic product, respectively, as fiscal stimulus spurs domestic demand at the more

10.06.2015

Romania is expected to post an economic growth of 3.4% this year and 3.9% in 2016, according to the International Monetary Fund's fall World Economic Outlook report released Tuesday. more

09.25.2015

Swedish apparel retailer Hennes & Mauritz (H&M) posted sales of EUR135 million in Romania in the first nine months of financial year 2015 starting December 1 to November 30, 50% higher from the same more

09.18.2015

Romania's National Prognosis Commission has revised this year's forecast average gross salary from RON2,426 to RON2,496, expecting a growth of 7.2% instead of the previously seen 6.5%, while in real more

09.18.2015

Romania's National Prognosis Commission has revised this year's annual inflation rate to minus 0.7% from a previous forecast of 0.7%, and to 1.8% from 2.8% previously expected. more