03.02.2012

Romania’s construction market dropped 4% last year, to EUR9.3 billion, from EUR9.7 billion, and this year it could reach EUR9.3-9.5 billion in best-case scenario, according to construction more

02.29.2012

Romanian oil group Rompetrol on Wednesday said it is expecting consolidated sales to increase 38% this year, to $9.4 billion, from $6.8 billion in 2011, backed by the completion of investment in more

02.28.2012

Romanian state-run hydropower generator Hidroelectrica estimates its net profit will rise up to 100 million lei (EUR23 million) in 2012, from roughly RON16 million a year earlier, as water levels are more

02.23.2012

The European Commission revised its forecast on Romanian economic growth to 1.6% in 2012 from 2.1% previously, saying it expects growth to be negatively affected by uncertainties in the financial more

02.22.2012

ING Bank Romania Wednesday said its pretax profit rose 26% to 161 million lei (EUR36.9 million) in 2011, from RON128 million a year earlier. more

02.15.2012

Most analysts estimate the economy slowed down in the fourth quarter of last year as a result of the significant deterioration of the industry growth rate amid a slowdown of western economies, but more

02.14.2012

Romanian electronics retailer Flanco on Tuesday said it has posted sales of EUR110 million in 2011, up 37.5% on the year, while the operating profit reached EUR3.5 million. more

02.07.2012

Romania's central bank Monday revised upward its forecast on the year-end inflation to 3.2% in 2012, from 3%, citing less favorable base effects than previously estimated. more

02.05.2012

The International Monetary Fund has revised the forecast for Romania's economic growth this year downward slightly, from 1.8-2.3% to 1.5-2%, but does not rule out the GDP increasing by more than 2%, more

01.31.2012

US Titan Machinery Inc., which runs equipment stores for farmers and builders, estimates will sell agricultural equipment worth over $10 million in Romania in 2012, president Peter Christianson said more

01.30.2012

The International Monetary Fund (IMF), which currently has one of the most optimistic forecasts for Romania’s economic growth this year, 1.8% to 2.3%, is getting ready to lower its estimates. Talks more

01.27.2012

Romanian milling and bakery company Titan (MPN.RO) estimates its sales will drop by roughly 5% to 331.6 million lei (EUR76.4 million) in the financial year to end in September, from RON348 million in more

01.24.2012

Synevo Romania, the local medical lab division of Swedish group Medicover, estimates it will post a turnover of EUR27 million this year, up 17% against 2011. more

01.19.2012

Romanian economy grew at an annualized rate of 2.5% in 2011, mostly fueled by higher exports and a good farming harvest, President Traian Basescu estimated Thursday. more

01.19.2012

Tymbark Maspex, the largest nectar producer on the Romanian market, expects 15% higher sales in 2012 compared with last year. The projected sales could thus reach 315 million lei (EUR72 million), ZF more

01.18.2012

The World Bank has revised downward its forecast on Romanian economic growth to 1.5% in 2012 from 3.7% previously, citing deteriorating external outlook and the country’s increased vulnerability to more

01.18.2012

Romania faces a difficult economic year in 2012, amid shrinking demand from foreign partners as the euro zone crisis shows no sign of abatement and potential bank deleveraging as European lenders more

01.17.2012

Dan Sucu, the owner of Mobexpert, the largest Romanian furniture business, says his best-case scenario projects growth of 12% this year. In 2011, the group sales rose 3%, in line with initial more

01.16.2012

Romania might be able to fend off some of the external pressure following the economic downturn in the euro zone in the first half of 2012, aided by pre-election spending, but the boost will be more

01.13.2012

Romania’s largest lender by assets Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG, estimates a pretax profit of 516 million lei (EUR120 million) in 2012, people in the banking more

01.11.2012

Romania’s economic growth over the next 40 years will be comparable to that of Brazil, Russia or Turkey, according to a research of HSBC, one of the largest banks in Europe. So, in 2050 the Romanian more

01.05.2012

Ziarul Financiar suggests a list of 20 key events of the year that has just begun, from bourse listings and car launches to the opening of highways and sports competitions. 2012 will not see any more more

01.04.2012

Many entrepreneurs describe 2012 as a year of many unknowns, when both the situation on the European markets and the domestic measures will influence the performance of the Romanian economy. A new more

12.30.2011

The Bucharest bourse returned this year to the level seen in the final quarter of 2009, once again influenced by foreign markets, but brokers expect a comeback in the second half of 2012, as long as more

12.29.2011

Romanian aluminum maker Alro Slatina (ALR.RO) revised its budget for 2011 as it now expects a net profit of $76 million, up 19% from the initially seen $64 million, despite buying electricity at more