11.24.2011

Austrian financial group Raiffeisen Thursday revised downward its forecast on Romanian economic growth to 0.5% in 2012, from 1.8% previously, due to international financial turmoil and a prolonged more

11.17.2011

Most analysts have revised or are preparing to revise upwards their forecasts for economic growth for this year by around one percent point, towards 2.5%, after above-expectations data were announced more

11.15.2011

Austrian financial group Raiffeisen Tuesday revised upward its forecast on Romanian economic growth to 2.5% in 2011, from 1.5% previously, citing better-than-expected third quarter data. more

11.12.2011

Romania's 2012 general consolidated budget provides total revenue of 195.3 billion lei (EUR45 billion) and total expenses of RON206.5 billion, therefore a nominal deficit of RON11.2 billion, more

11.10.2011

The European Commission estimates Romanian budget deficit will narrow to 3.7% of the gross domestic product in 2012, from 4.9% of GDP predicted for this year, provided the government continues its more

11.10.2011

The European Commission revised its forecast on Romanian economic growth to 2.1% in 2012 from 3.7% previously, citing worsening conditions in EU markets. more

11.09.2011

Businessman Mihai Miron, who controls medicine wholesaler Ropharma (RPH.RO), with an annual turnover of around RON400 million (around EUR92 million), says he is working with two budget versions for more

11.09.2011

Four of the largest travel agencies on the Romanian market, Happy Tour, Perfect Tour, Aerotravel, and Paralela 45 expect 2012 not to be a very “comfortable” year and are drawing up cautious more

11.08.2011

Petrom (SNP.RO), the largest Romanian company, could post 780 million lei (EUR179.4 million) profit in the third quarter, analysts estimate. more

11.08.2011

Levent Yuksel, the 46 year-old manager who has been running the PepsiCo business (beverages and chips) since spring, says from his point of view the worst of the Romanian crisis is over and that the more

11.07.2011

The European Commission estimates Romanian economy will grow by around 2% in 2012, the EU mission chief Istvan Szekely said Monday. more

11.07.2011

Romanian central bank’s inflation projections for 2012 are based on an economic growth slightly higher than 2%, governor Mugur Isarescu said Monday. more

11.07.2011

Romania's central bank revised down its forecast on the year-end inflation to 3.3% in 2011, from 4.6% previously, governor Mugur Isarescu said Monday. more

11.04.2011

Next year’s economic growth forecast could be set at 2.2% and the budget deficit target at 1.9% of GDP using the Romanian methodology of accounting (cash), according to sources close to the talks more

11.02.2011

The more significant economic growth in the third quarter, estimated at 3%, has been noticed especially by businesspeople working in the agricultural sector, in tourism and in exports, but not on the more

11.01.2011

The better than expected economic growth in the third quarter, which President Traian Basescu puts at 3%, is driving analysts’ estimates for the entire year up towards 2% compared with 1.5% as more

10.26.2011

Electronics retailer Flanco expects to conclude this year with sales of EUR110 million, up 38% on the year, and a net profit of EUR1 million, Wednesday said the company’s general manager, Adrian more

10.24.2011

The sales of IT firm Total Soft may rise by 20%-25% this year, to EUR25 million, while earnings before interest, taxes, depreciation and amortization (EBITDA) may rise by 35% on the year, to EUR5 more

10.22.2011

The talks between Romanian authorities and the stand-by agreement evaluation mission on the 2012 state budget will start from a forecast for economic growth of 2.3-2.5% and a budget deficit of 3% of more

10.20.2011

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Thursday revised downward its forecast on the economic growth to 2.1% in 2012, from 2.8% previously, citing declining contributions from farming more

10.20.2011

Romanian agriculture machinery maker Ruris expects the local machinery market to rise by some 10% this year, to some EUR60 million, from EUR54 million in 2010. more

10.19.2011

Consumer goods producer Orkla Foods Romania Wednesday estimated its 2011 sales will grow by 5% on the year to EUR30.4 million, following good nine-month results. more

10.19.2011

Romania isn’t the only European country which saw its growth forecast reduced for 2012, as many economies will be affected by the worsening situation in the euro area, said Claudia Pendred, country more

10.18.2011

Romania's telecom market will continue growing on the medium- and long-term because communication is a basic need, and the Internet will be the main vector of development, said Stefanos more

10.18.2011

Romania’s planned power company Complexul Energetic Oltenia is likely to generate around EUR1 billion in annual revenue, according to estimates of the Economy Ministry. more