09.16.2011

The National Forecast Commission (CNP) will most likely present the new forecasts for macroeconomic indicators next week, with data sent yesterday by the European Commission on Eurozone countries more

09.13.2011

Luxury furniture vendors are talking about a rebound in demand in the first half of the year, and hope it will continue into the coming months, despite financial markets turmoil. more

09.12.2011

Exports continued to slow down in July and, although Romania is for now keeping its economic growth forecast of 1.5%, signals have appeared that problems will worsen next year, given the international more

09.10.2011

Romanian bank BCR has revised its economic growth forecast for this year and the next, downward to 1.4% and 2.9%, respectively, below government and IMF projections, because of the high risk of more

09.10.2011

Romania's estimate for economic growth in 2012 might have to be significantly revised downward, to 2.5% from the current 3.5-4%, given the international context and the weaker "traction" of exports, more

09.07.2011

Antonio Nitu, general manager of travel agency Aerotravel Lufthansa City, owned by Mihai David, said the company’s sales rose by 25% in the first half, above expectations, but on the rumors related more

08.24.2011

Siveco, the largest software company in Romania, with a turnover of EUR60 million in 2010, intends to increase exports, so that half of its sales to be made abroad in a few years’ time. more

08.23.2011

Austrian financial group Raiffeisen Tuesday revised downward its forecast on Romanian economic growth to 2.7% in 2012, from 3.5% previously, due to the negative effects of the faltering recovery more

08.22.2011

JP Morgan has significantly cut Romania’s growth estimate for this year, expecting the gross domestic product to increase by just 1.2%, while the bank’s estimate at the beginning of the year was more

08.19.2011

Romanian state-run power grid operator Transelectrica (TEL.RO) has revised upward to 42 million lei (EUR9.8 million) its pretax profit forecast for 2011, from RON25 million previously, the company more

08.17.2011

Romania is facing some tough austerity measures and its economic growth should reach just 1.7% this year, with expectations of strengthening in 2012, according to a report published Wednesday by the more

08.10.2011

Romanian macroeconomic outlook remains favorable for the second half of 2011, with domestic consumption bound to pick up toward year-end, according to estimates of dominant oil company OMV Petrom more

08.08.2011

Romanian economy is likely to grow by more than 1.5% in 2011, fueled by good farm output, central bank governor Mugur Isarescu said Monday. more

08.08.2011

Romania’s central bank (BNR) Monday revised downward its inflation forecast to 4.6% from 5.1%, citing improved economic outlook and “substantial decline” of volatile prices. more

07.21.2011

Romanian engineering group Energobit expects sales to reach EUR120 million this year, up 20% from EUR100 million in 2010, Thursday said Florin Pop, the group’s general manager. more

07.14.2011

The heat advisory issued for this period is good news for at least 20 beverage industry managers, with over EUR1.5 billion sales, given that beer and soft drink sales spike in such contexts. more

07.12.2011

State-run power grid operator Transelectrica (TEL.RO) plans to revise upward to 42 million lei (EUR9.8 million) its pretax profit forecast for 2011, from RON25 million previously, the company said in more

07.12.2011

The Romanian arm of Indian pharmaceutical company Glenmark expects the newly launched products to fuel the 20% growth seen for the financial year ending in March 2012. The new products should account more

07.08.2011

Romanian consumer prices are likely to increase by 0.2% on the month in June, while the annual inflation is seen accelerating to 8.5%, according to a median forecast of the country’s association of more

07.07.2011

Poultry meat processor Transavia plans to invest between EUR10 million and EUR13 million in upgrades this year, general manager Ioan Popa said Thursday. more

07.05.2011

Romastru Trading, a company active in pharmaceutical marketing and wholesale, has budgeted a turnover of EUR85 million for this year. EUR4 million to EUR5 million should be generated by the more

06.22.2011

The Romanian car parts market is poised to grow by 4% to 5% on the year to around EUR1 billion, as large part of the vehicles bought during the boom years are no longer covered by the manufacturer's more

06.22.2011

TotalSoft, one of the biggest local software producers, posted 25% higher revenue in the first four months, at EUR8.4 million, after the company won international contracts on markets such as Saudi more

06.22.2011

Drug wholesaler Mediplus and pharmacy chain Sensiblu posted cumulated sales of EUR788 million last year, up 20% from 2009. more

06.17.2011

Romanian cement market will stand at around half a billion euros this year as forecasts point to stagnation or a very frail increase, says Mihai Rohan, president of cement industry association CIROM, more