Fitch Sees Romania GDP Growth At 1.6% In 2012, Mirroring CEE Performance
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 showed.
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EBRD Ups Romania GDP Growth Forecast To 1.2% In 2012 today, 15:30
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.2% in 2012, from 0.8%... more
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Unicredit Head: We Have To Decide Whether To Join Euro In 2015 Or Start The De-Euroization Of Economy today, 00:00
The target for adopting the euro in 2015 acts as an anchor for macroeconomic balances, but it needs to be reconfirmed because at present it... more
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Should The Economy Adjust To An Exchange Rate Of RON4.5 Per Euro? today, 00:00
The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting non-performing loans... more
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Romanian Labor Market Returns To Pre-VAT Hike Levels After Two Years yesterday, 00:40
The number of employees in the Romanian economy reached 4.25 million people in March, marking a return to the level registered in June 2010, before... more
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Romania Approves Taking Out EUR1B Loan From World Bank 05.16.2012
The Romanian government approved taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister... more
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Generic Drug Producers Want Clawback Tax Suspended Immediately 05.16.2012
The Association of Romanian Producers of Generic Drugs (APMGR) has called for the immediate suspension of the clawback tax and for discussions to... more
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Georgescu: Banking System Is Solid, No Need For Bridge Bank 05.16.2012
Romania has a solid, well-capitalized banking system and it is unlikely that the central bank will have to use its recently introduced bridge bank... more
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BNR: Romania FDI Falls To EUR425M In First Quarter 05.16.2012
Romanian foreign direct investment, or FDI, fell to EUR425 million in the first quarter of 2012 from EUR444 million in the same period a year ago,... more
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Romania 1Q Current Account Deficit Narrows To EUR544M 05.16.2012
Romania's current account deficit narrowed to EUR544 million in the first quarter from EUR967 million in the same period of 2011, due mainly to the... more
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EU Funds Help The Economy With EUR173M In April 05.16.2012
April was the best month this year for the absorption of EU funds, with EUR173 million going into the economy. more
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Romania’s Economy Weathers The Snow In First Quarter 05.16.2012
Despite the freeze caused by the heavy snowfall and the govenrment change, the economy remained constant in the first quarter compared with the... more
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Romania Seeks EUR1B Safety Net From World Bank 05.15.2012
Romanian government Wednesday will approve taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime... more
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Erste: Romanian Economy At Risk From Eurozone 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... more
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Romania 1Q GDP Expands At 7th Fastest Pace Year-on-Year In EU
05.15.2012
Romanian economy grew at the seventh fastest pace in the European Union in the first quarter of 2012 compared with the similar period a year... more
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Romania’s Economy Back Into Recession. GDP Shrinks In The First Quarter 05.15.2012
Romania’s economy shrank in the first three months of 2012 compared with the previous quarter, a flash estimate from the country’s statistics... more
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Romanian Economy Expected To Shrink In 1Q - Survey 05.14.2012
Romania's economy has probably slid into technical recession in the first quarter, after shrinking 0.2% in the last three months of 2011, according... more
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Romania Ups 2012 Public Debt Forecast To 34.2% Of GDP 05.14.2012
The Romanian government revised upward its forecast on the public debt to 34.2% of the gross domestic product, from 33.9% of GDP previously,... more
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Where Is The Leu Exchange Rate Going? 05.14.2012
The leu depreciated on Friday to a historic low, only to fall to a fresh low of 4.437 per euro on Monday and Romanians with installments to pay in... more
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Analysts: Romania Central Bank Likely To Move In Force If Leu Weakens Above 4.46 Vs Euro 05.11.2012
Romania's central bank is unlikely to allow a too steep depreciation of the leu against the euro and could step in aggressively to protect the... more
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EU Cuts Romania GDP Growth Forecast To 1.4% In 2012 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... more
Romanian carmaker Dacia said Thursday it will launch two new car models, five-seat car Dokker and commercial vehicle Dokker VAN, in the
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Agricultural seeds producer KWS, a company with EUR0.9 billion in revenues from worldwide operations, has already run out of the corn
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Bunge, one of the largest vegetable oil producers in Romania, got the Competition Council’s approval to take over the oil plant in
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The Muntmarks were among the first people to set their eyes on the wind power three years before Romania became a EU member and now one
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Romania fell one notch to fourth place in a ranking of the most attractive destinations for private equity funds in Central and Eastern
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Despite the freeze caused by the heavy snowfall and the govenrment change, the economy remained constant in the first quarter compared
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Businessman Dan Sucu, who controls the Mobexpert business, worth around EUR113 million last year, says he was surprised by the good
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Vouchers for the clunkers scheme are traded on the market at prices ranging between RON2,600 and RON3,000, three times more than in
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Spanish developer Heliotech and its Romanian partner Solar Systems will develop a solar power project worth over EUR55 million in
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Ford Europe completed the EUR675 million investments in the plant in Craiova six months ahead of schedule and began production of the
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ArcelorMittal Galati CEO: Productivity Must Increase, The Good Old Days Won't Return
Limits are only in our minds, and if the bad news is that it is tough out there right now and the good old days will not be back, there is also good news. This is but part of the philosophy of Bruno Ribo, the new chief executive of the ArcelorMittal steel plant in Galati, Romania.
