10.18.2012

Romanian engineering company Adrem Invest on Thursday said it expects a 37% increase in turnover to 171.7 million lei (EUR37.4 million) in 2012. more

10.17.2012

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Wednesday revised downward its forecast on the country’s economic growth to 1.1% in 2012, from 1.4% previously, citing prolonged uncertainties in more

10.16.2012

The year 2012 is a closed chapter for the companies in the Romanian auto industry, which have already accepted the almost 20% decline of the market and are focusing on what will happen next year when more

08.30.2012

Romanian top lender BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), Thursday cut its forecast on the country’s economic growth to 0.7% in 2012 from 1.2% previously, saying it expects more

08.14.2012

The International Monetary Fund has revised down its forecast on the Romanian economy to 0.9% in 2012 from 1.5% previously, IMF mission chief Erik de Vrijer said Tuesday. more

08.10.2012

Romania’s state-run natural gas pipeline operator Transgaz Medias (TGN.RO) estimates its net profit will fall 6.4% to 355 million lei (EUR78.3 million) in 2012, from RON379.5 million in the previous more

08.09.2012

Romanian government has revised down its economic growth forecast to 1.2% in 2012 from 1.5% previously, according to a draft of this year’s first budget revision obtained by Mediafax. more

08.08.2012

The International Monetary Fund will not lower its forecast on the Romanian economic growth below 1% for 2012, in spite of a weak harvest predicted for this year and the difficult climate elsewhere in more

08.06.2012

The Romanian leu is likely to trade at around 4.6 per euro until the end of 2012, due to a longer-than-estimate period of political instability, according to estimations from the country’s largest more

08.06.2012

Romania’s central bank Monday left its forecast on the year-end inflation unchanged at 3.2% in 2012, but warned of increased inflationary risks coming from higher prices in international markets, more

08.02.2012

Romania’s economy might grow at a slower pace than expected in 2012, central bank governor Mugur Isarescu said Thursday, adding that the indicators available so far would call for a revised more

07.30.2012

Dinu Cismarescu, owner of the French Bakery chain, says that 2012 is the company’s worst since its start more than seven years ago. French Bakery annual revenue stands at EUR3 million, generated by more

07.25.2012

The European Bank for Reconstruction and Development Wednesday revised downward its forecast on Romania’s economic growth to 0.8% in 2012, from 1.2% previously, citing increased vulnerability to the more

07.04.2012

Austrian Erste Group Bank AG (EBS.RO) Wednesday revised upward its forecast on Romania’s budget deficit to 4.2% of the gross domestic product in 2012, from 3.4% of GDP previously, saying it expects more

06.14.2012

Romanian industrial equipment manufacturer Romet Group estimates a 7% to 8% increase in its sales to around EUR320 million in 2012, supported by new investments. more

06.12.2012

Romanian insurer Asirom plans to increase its revenue from premiums by 5%-7% this year, from 627.9 million lei (EUR140.8 million) in 2011, and post net profit similar to last year's RON7.2 million, more

05.31.2012

A sluggish economic recovery and falling exports have prompted Romanian officials to revise downward the 2013 growth forecast to 3.1%, from 4.5% initially, according to a government document. more

05.31.2012

The Policolor-Orgachim group, one of the largest competitors on the Romanian paint and enamels market, said it expects a 10% increase in this year’s turnover, from EUR88.5 million in 2011, and more

05.16.2012

Romania's economic growth is likely to slow down to 1.6% in 2012, from 2.5% a year earlier, in line with the general evolution forecast for the Central and Eastern Europe, a report from Fitch Ratings more

05.15.2012

Continuing downward pressure on exports from the eurozone and a generally bleak international climate are likely to affect Romania’s economy in the second quarter, tilting the scales to the more

05.11.2012

The European Commission revised its forecast on Romanian economic growth to 1.4% in 2012 from 1.6% previously, saying it expects exports will have a negative contribution due to financial and economic more

05.09.2012

Romanian annual inflation rate has likely eased further to a fresh low of 2.2% in April, according to a median forecast of the country’s association of financial and banking analysts AAFBR. more

05.02.2012

Romanian chemical fertilizer maker Azomures (AZO.RO) estimates its net profit will fall to 143.7 million lei (EUR32.6 million) in 2012, from RON365.1 million a year earlier, largely due to higher more

04.30.2012

Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) plans to break even in the financial year ending December 2012, after five consecutive years of losses. more

04.27.2012

Romanian steel processor Mechel Targoviste (COS.RO) expects a net loss of 116 million lei (EUR26.5 million) this year, 13% lower than RON133 million in 2011. more