07.22.2014

Garanti Bank Romania has revised upward its forecast on the country’s economic growth to 2.9% in 2014, from 2.6% previously, citing a better-than-expected performance during the first quarter and more

06.11.2014

AVI Compact, provider of integrated solutions of air conditioning and installations, expects its sales to rise 10% in 2014 due to growing demand for energy efficiency projects on the corporate more

06.11.2014

The World Bank has revised upward its forecast on Romanian economic growth to 2.8% in 2014 and 3.2% in 2015, the bank said in its latest global economic prospects report. more

05.30.2014

Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, expects a 3.3% increase in its sales to $604.7 million this year, from $585.4 million a year earlier, according to the more

05.14.2014

Romanian state-run nuclear power company Nuclearelectrica (SNN.RO) on Wednesday said its net profit fell 30% on the year to 101.8 million lei (EUR22.9 million) in the first quarter, hurt by lower more

05.14.2014

The European Bank for Reconstruction and Development Wednesday revised slightly up its forecast on Romania’s economic growth to 2.6% in 2014, from 2.4% previously, but warned of growth constraints more

05.06.2014

Romania’s central bank (BNR) Tuesday revised slightly down its inflation forecast to 3.3% this year from 3.5% previously and said inflationary pressures are expected to remain at moderate levels in more

05.05.2014

The European Commission on Monday revised slightly upward its forecast on Romania’s economic growth to 2.5% in 2014 from 2.3% previously, saying it expects stronger contributions from consumer more

04.29.2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) approved a dividend payment of 1.745 billion lei (EUR393 million) from the 2013 net profit, 10% higher on the year, the company said in a more

04.28.2014

Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) expects it will turn to net profit of 2.18 million lei (EUR0.49 million) in 2014, versus losses a year earlier, helped by an 8.6% more

04.16.2014

Romania’s economy will likely exceed its 2008 level for the first time this year, fueled by domestic demand and strong industrial output, according to estimates from Austrian lender Erste Group Bank more

04.11.2014

The good news from most macroeconomic indicators in the first two months of the year is making analysts change their full-year gross domestic product growth forecast towards 3% to 3.5%. more

04.09.2014

Romanian state-run passenger rail carrier CFR Calatori expects it will turn to net profit of 70 million lei (EUR15.7 million) in 2014 after losses a year earlier, according to the company’s revenue more

04.09.2014

Romania’s central bank will likely miss its inflation target for 2014 as consumer prices are expected to rise once the positive effects of the good farm output last year subside, a senior economist more

04.04.2014

Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group KMG International, expects its loss will narrow 35.4% on the year to $63.92 million in 2014, on higher more

04.03.2014

Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen Bank International AG, on Thursday proposed paying out its shareholders a total dividend of 264 million lei (EUR59 million) from the 2013 more

04.01.2014

Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, estimates its net profit will rise over five-fold on the year to 64.5 million lei (EUR14.4 million) in 2014, more

04.01.2014

Romanian lender Banca Transilvania (TLV.RO) estimates its pretax profit will rise 16% to 512 million lei (EUR114.7 million) in 2014, helped by a 7% increase in operating income and a slowdown in cost more

03.31.2014

Romania’s regional investment fund SIF Transilvania (SIF3.RO) estimates its net profit will fall to 50.8 million lei (EUR11.1 million) in 2014, from RON189.6 million a year earlier, on lower sales more

03.31.2014

Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, expects its net profit will fall to 12.6 million lei (EUR2.82 million) this year, its weakest result since more

03.27.2014

Romanian dominant oil company OMV Petrom (SNP.RO) expects its net profit will fall 18.6% to 3.93 billion lei (EUR878 million) in 2014, hurt by lower sales, the company said in its revenue and more

03.24.2014

Insurer Generali Romania Monday said it expects underwritten premiums of 409 million lei (EUR91.3 million) in 2014, down 7% from RON438.7 million in 2013. more

03.23.2014

Insurance brokerage firm Safety Broker de Asigurare targets a 20% increase in the volume of brokered premiums in 2014, to EUR65 million. more

03.19.2014

Romanian insurer Allianz-Tiriac Asigurari, part of German group Allianz, estimates its underwritten premiums will exceed 950 million lei (EUR211.1 million) this year, up 2.5% from RON926.5 million in more

03.14.2014

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) expects it will return to profit in 2014 after two consecutive years of losses, helped by a “normalization” of risk costs. more