03.31.2014

Romania’s regional investment fund SIF Transilvania (SIF3.RO) estimates its net profit will fall to 50.8 million lei (EUR11.1 million) in 2014, from RON189.6 million a year earlier, on lower sales more

03.31.2014

Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, expects its net profit will fall to 12.6 million lei (EUR2.82 million) this year, its weakest result since more

03.27.2014

Romanian dominant oil company OMV Petrom (SNP.RO) expects its net profit will fall 18.6% to 3.93 billion lei (EUR878 million) in 2014, hurt by lower sales, the company said in its revenue and more

03.24.2014

Insurer Generali Romania Monday said it expects underwritten premiums of 409 million lei (EUR91.3 million) in 2014, down 7% from RON438.7 million in 2013. more

03.23.2014

Insurance brokerage firm Safety Broker de Asigurare targets a 20% increase in the volume of brokered premiums in 2014, to EUR65 million. more

03.19.2014

Romanian insurer Allianz-Tiriac Asigurari, part of German group Allianz, estimates its underwritten premiums will exceed 950 million lei (EUR211.1 million) this year, up 2.5% from RON926.5 million in more

03.14.2014

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) expects it will return to profit in 2014 after two consecutive years of losses, helped by a “normalization” of risk costs. more

02.25.2014

Romania’s economy is likely to expand at an annualized pace of 2.3% in 2014 and to accelerate to 2.5% in 2015, largely fueled by domestic consumption and investments, according to European more

02.21.2014

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) estimates its profit will grow by 6% on the year in 2014, to 30.55 million lei (EUR6.7 million), while the company's investments will reach more

02.20.2014

The Romanian pharmaceutical market is seen growing 2.7% on the year in 2014, according to Cegedim Romania, which estimates an average growth of 4.8% a year until 2018. more

02.19.2014

Romania’s largest oil and gas company OMV Petrom (SNP.RO) expects domestic demand for natural gas and electricity will remain subdued this year, after declining 8% and 5% year-on-year in 2013, more

02.10.2014

Romanian state-run nuclear power company Nuclearelectrica (SNN.RO) expects its net profit will fall sixteen-fold to 27.9 million lei (EUR6.23 million) in 2014, from a record profit of RON456.7 million more

02.06.2014

Romania’s central bank Thursday revised upward its inflation forecast to 3.5% this year from 3% previously, citing upside pressure from higher excise duties and a newly announced tax on fuels. more

01.27.2014

Romania’s life insurance underwritten premiums are expected to stagnate or grow by up to 5% in 2014, considering that the revenues of companies operating this segment fell 8% to 1.52 billion lei more

01.22.2014

Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a net profit of 647 million lei (EUR142.8 million) for the full-year 2014, according to the lender’s revenue more

01.21.2014

The European Bank for Reconstruction and Development has maintained its forecast on the Romanian economic growth unchanged at 2.4% in 2014, driven by exports and less sluggish domestic demand, but more

12.30.2013

Romania’s pharmaceutical market is expected to witness an increase of up to 2% in value and to stagnate in volume at the end of 2013, according to estimates by Dragos Damian, president of the more

12.20.2013

Romanian state-run hydropower generator is expected to post more than 900 million lei (EUR201 million) profit in 2013, equal to the company’s income for the past 11 years, said Remus Borza, former more

12.11.2013

Romania’s economic growth will likely slow to around 2% in 2014, reflecting a weaker contribution from agriculture, consultancy firm Deloitte Consultanta estimated Wednesday. more

12.03.2013

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) Tuesday released a freshly revised revenue and expenditure draft budget for 2013, one week after accidentally publishing a wrong draft, more

11.28.2013

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) has revised down its full-year revenue and profit projections, due to weak market demand and lower gas prices, the company said in a call more

11.21.2013

Romanian auto sales will reach 320,000 units in 2013, of which 70,000 new cars and 250,000 used cars, Zoltan Brassai, general manager of Ford Romania, said Thursday. more

11.14.2013

Kastamonu Romania (the former Prolemn) in Reghin (central Romania), controlled by Kastamonu Entegre, one of the leading wood processing companies in Turkey, estimates a 16% increase in turnover to more

11.12.2013

Romania budget revenue will account for only 32.9% of the gross domestic product in 2014, similar to this year’s level, while budget expenditure is seen down to 35.1% of the GDP. more

11.11.2013

The European Bank for Reconstruction and Development Monday revised slightly its forecast on Romania’s economic growth to 2.4% in 2014, from 2.2% previously, but warned of continued growth more