03.12.2013

Romanian pharmaceutical company Terapia Ranbaxy plans to invest around EUR10 million in 2013 and targets 10% higher sales and exports, the company’s general manager Dragos Damian said Tuesday. more

02.28.2013

Austria’s Erste Group Bank AG (EBS.RO) has no plans to modify its restructuring program at the BCR unit in Romania and expects the lender will return to profit in 2013, helped by lower risk costs, more

02.27.2013

MOL Romania, the local unit of Hungary’s oil and gas group MOL, estimates its market share will grow to 15% by 2015, from a little over 12% in 2012, the company’s chief executive Kinga Daradics more

02.22.2013

The European Commission expects Romania’s unemployment rate to reach 6.9% in 2013 and 6.8% in 2014, according to the Commission's winter forecast report unveiled Friday. more

02.22.2013

The European Commission expects Romanian economic growth will accelerate to 2.5% in 2014 after a modest increase of 1.6% this year, mainly fueled by domestic demand. more

02.19.2013

Romanian bakery company Titan (MPN.RO) estimates its sales will reach 369.6 million lei (EUR84.2 million) in the current financial year, from RON279 million in the year ended in September 2012. more

02.06.2013

Do-it-yourself retail chain Dedeman posted 2.4 billion lei (EUR548 million) revenue in 2012, up 13% on the previous year and consolidated its market leader position. more

02.05.2013

Romania’s annual inflation is expected to accelerate up to 6% in the first half of 2013 before easing toward the 3.5% upper end of the central bank’s target range, governor Mugur Isarescu said more

01.24.2013

The revised fiscal-budgetary strategy for 2013-2015 can be considered a new governing program of the Ponta 2 Government and one closer to reality. Future policies will most likely be built around more

01.24.2013

Romanian leading bank BCR Thursday maintained its forecast on the country’s economic growth unchanged at 1.1% in 2013, but said that a better-than-expected harvest and good retail and service more

01.21.2013

Romanian pharmaceuticals wholesaler Farmaceutica Remedia Deva (RMAH.RO) estimates full-year sales will rise 8% to 260 million lei (EUR58 million) in 2013, with the opening of eight new units, the more

01.21.2013

Romania’s government Monday revised down its economic growth forecast to 1.6% in 2013, from 1.8% initially, according to this year’s draft budget. more

01.21.2013

Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a pretax profit of 250 million lei (EUR57.5 million) for the full-year 2013, according to the lender’s more

01.21.2013

The European Bank for Reconstruction and Development Monday revised downward its forecast on Romania’s economic growth to 1.4% in 2013, from 1.9% previously. more

01.21.2013

Rebounding consumption and sustained investments may aid Romania’s economy to grow more than 1% in 2013, from around 0.7% estimated last year, according to estimates from Franklin Templeton more

01.17.2013

Romanian power producer Hidroelectrica estimates it will swing to a net profit of 430 million lei (EUR99.2 million) in 2013, versus losses a year earlier, the company’s legal administrator Euro more

01.10.2013

Fund managers are optimistic and expect the Bucharest Stock Exchange to rise by 10-15% in 2013 amid an improvement in foreign investment sentiment over Romanian assets, as well as over more appeased more

01.08.2013

Erste Group analysts see the Bucharest Stock Exchange having a rather good year in 2013. They expect growth of 10% to 15%, below the potential of the local stock market because of the low liquidity more

01.08.2013

EuroAvi group of Romanian farmers, which owns 11 poultry farms, a slaughterhouse and sells chicken as “Pui de Baragan” (“Baragan Chicken, named after the southeastern region of Romania where it more

01.03.2013

Greek dairy maker Olympus estimates its sales in Romania will increase by 20% to EUR55 million in 2013 and plans to continue hiring staff at its Romanian plant in Halchiu (Brasov county), where it more

12.27.2012

Romanians will face new challenges next year when several measures approved by the local authorities will take effect, most concerning price increases. more

12.26.2012

Romanian state-run drug producer Antibiotice Iasi (ATB.RO) is aiming for EUR124 million sales by 2016, an increase of 77% from the almost EUR70 million expected this year. more

12.13.2012

Romanian state-run power grid operator Transelectrica (TEL.RO) estimates a pretax profit of 40 million lei (EUR8.87 million) in 2012, down from RON52 million previously predicted, according to the more

11.28.2012

Romanian ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, Wednesday estimated its operations will be negatively affected by falling prices in international markets and a more

11.15.2012

Romanian economy will likely stagnate in 2012, held back by a negative environment elsewhere in Europe, Austrian lender Erste Group Bank AG said Thursday. more