01.21.2013

Romanian pharmaceuticals wholesaler Farmaceutica Remedia Deva (RMAH.RO) estimates full-year sales will rise 8% to 260 million lei (EUR58 million) in 2013, with the opening of eight new units, the more

01.21.2013

Romania’s government Monday revised down its economic growth forecast to 1.6% in 2013, from 1.8% initially, according to this year’s draft budget. more

01.21.2013

Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a pretax profit of 250 million lei (EUR57.5 million) for the full-year 2013, according to the lender’s more

01.21.2013

The European Bank for Reconstruction and Development Monday revised downward its forecast on Romania’s economic growth to 1.4% in 2013, from 1.9% previously. more

01.21.2013

Rebounding consumption and sustained investments may aid Romania’s economy to grow more than 1% in 2013, from around 0.7% estimated last year, according to estimates from Franklin Templeton more

01.17.2013

Romanian power producer Hidroelectrica estimates it will swing to a net profit of 430 million lei (EUR99.2 million) in 2013, versus losses a year earlier, the company’s legal administrator Euro more

01.10.2013

Fund managers are optimistic and expect the Bucharest Stock Exchange to rise by 10-15% in 2013 amid an improvement in foreign investment sentiment over Romanian assets, as well as over more appeased more

01.08.2013

Erste Group analysts see the Bucharest Stock Exchange having a rather good year in 2013. They expect growth of 10% to 15%, below the potential of the local stock market because of the low liquidity more

01.08.2013

EuroAvi group of Romanian farmers, which owns 11 poultry farms, a slaughterhouse and sells chicken as “Pui de Baragan” (“Baragan Chicken, named after the southeastern region of Romania where it more

01.03.2013

Greek dairy maker Olympus estimates its sales in Romania will increase by 20% to EUR55 million in 2013 and plans to continue hiring staff at its Romanian plant in Halchiu (Brasov county), where it more

12.27.2012

Romanians will face new challenges next year when several measures approved by the local authorities will take effect, most concerning price increases. more

12.26.2012

Romanian state-run drug producer Antibiotice Iasi (ATB.RO) is aiming for EUR124 million sales by 2016, an increase of 77% from the almost EUR70 million expected this year. more

12.13.2012

Romanian state-run power grid operator Transelectrica (TEL.RO) estimates a pretax profit of 40 million lei (EUR8.87 million) in 2012, down from RON52 million previously predicted, according to the more

11.28.2012

Romanian ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, Wednesday estimated its operations will be negatively affected by falling prices in international markets and a more

11.15.2012

Romanian economy will likely stagnate in 2012, held back by a negative environment elsewhere in Europe, Austrian lender Erste Group Bank AG said Thursday. more

11.13.2012

Romanian economic growth will likely slow down to 0.5% or even stagnate in 2012, followed by a modest recovery in 2013, according to estimates of Coface rating agency. more

11.08.2012

The International Monetary Fund estimates Romania will post only a modest economic growth in 2013, due to delays in EU fund absorption and implementation of structural reforms, IMF mission chief Erik more

11.07.2012

The European Commission revised its forecast on Romanian economic growth to 0.8% in 2012 from 1.4% previously, citing a weaker-than-expected agricultural year and domestic political uncertainties. more

11.07.2012

The Romanian central bank has revised upwards the forecast on the annual inflation rate from 3.2% to 5.1% in 2012, which is more than a percentage point higher than the upper limit of its target more

11.07.2012

Dan Pascariu, chairman of the Board at Romanian state-owned airline Tarom, said Wednesday the company’s target is to cut losses by 30% in the coming year and increase turnover. more

11.01.2012

Europe’s largest insurer Axa will continue investments in Romania, but at a slower pace because of worse than expected economic conditions, said Violeta Ciurel, chief executive of AXA Asigurari more

10.26.2012

The European Bank for Reconstruction and Development revised downwards its forecast on Romania’s economic growth to 0.5% in 2012, citing the eurozone crisis, the lower farming output and the more

10.18.2012

Romanian engineering company Adrem Invest on Thursday said it expects a 37% increase in turnover to 171.7 million lei (EUR37.4 million) in 2012. more

10.17.2012

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Wednesday revised downward its forecast on the country’s economic growth to 1.1% in 2012, from 1.4% previously, citing prolonged uncertainties in more

10.16.2012

The year 2012 is a closed chapter for the companies in the Romanian auto industry, which have already accepted the almost 20% decline of the market and are focusing on what will happen next year when more