06.13.2013

The World Bank forecasts Romania’s gross domestic product will increase 1.7% in 2013, followed by a 2.2% growth next year, according to the bank’s Global Economic Prospects report published more

06.12.2013

Romanian insolvent chemical company Oltchim Ramnicu Valcea (OLT.RO) expects its sales will drop 53% on the year to 134.4 million lei (EUR29.7 million) in the second quarter, the company’s legal more

05.29.2013

ProCredit Bank Romania estimates its loan portfolio will grow by 16% to EUR250 million in 2013, from EUR215 million at the end of last year, Andreea Enache, head of the bank’s corporate clients more

05.21.2013

Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen Bank International AG, estimates its net profit will rise 21% to around EUR106.7 million in 2013, from EUR88 million a year earlier. more

05.16.2013

Italy’s utility Enel estimates its electricity distribution subsidiaries in Romania will post an aggregate net profit of 503 million lei (EUR116 million) in 2013, up 7.5% on the year. more

05.16.2013

Romanian state-run energy holding Oltenia estimates its full-year profit will rise 67% to 151.2 million lei (EUR35 million) in 2013, from RON90.4 million predicted for last year. more

05.16.2013

Romanian state-owned power producer Nuclearelectrica Thursday said it expects a significant higher profit this year, helped by growing revenues and improved cost-control management. more

05.10.2013

Romania’s economic growth is likely to accelerate to 2.2% in 2014, after an increase of 1.4% predicted this year, the European Bank for Reconstruction and Development said in a report Friday. more

05.08.2013

A good farm output could boost Romanian economic growth above the central bank’s forecast of 1.5%-1.6% in 2013, the bank’s governor Mugur Isarescu said Wednesday. more

05.08.2013

Romania’s largest bank BCR Wednesday revised upward its forecast on the country’s economic growth to 1.8% in 2013, from 1.1% previously, saying it expects higher contribution from agriculture and more

05.08.2013

Romania’s central bank Wednesday revised downward its inflation forecast for 2013 to 3.2% from 3.5% previously, reflecting a lower inflationary impact of fuel and volatile prices. more

05.03.2013

The European Commission revised down its forecast on Romania’s economic growth to 2.2% in 2014 from 2.5%. more

04.30.2013

Romanian car parts maker Altur Slatina (ALT.RO) expects annual pretax profit to dive 47% to 2.86 million lei (EUR0.66 million), according to the company’s revenue and expenditure budget released more

04.30.2013

Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, expects its net profit will fall 25% to 16.5 million lei (EUR3.8 million) in 2013, reflecting a drop in more

04.26.2013

Romanian regional investment fund SIF Muntenia (SIF4.RO) estimates its pretax profit will fall 41% to 103.3 million lei (EUR23.8 million) in 2013, from RON175.7 million a year earlier. more

04.17.2013

Romanian state-run hydropower generator Hidroelectrica Wednesday reported a pretax profit of 144 million lei (EUR32.97 million) for the first quarter and said it expects a record full-year profit of more

04.15.2013

The evolution of the Romanian insurance market in the first three months of 2013 does not leave room for much optimism for the coming period, as the most optimistic forecasts point to a moderate more

04.11.2013

Romanian cold cuts producer Caroli Foods Group stepped into the black in 2012 after two years of losses. more

04.09.2013

Austria’s lender Erste Group Bank AG (EBS.RO) Tuesday maintained its forecast on the Romanian economic growth unchanged at 1.1% in 2013, saying possible falling exports to foreign markets, and Italy more

04.09.2013

Austrian Erste Group Bank (EBS.RO) will likely make a profit in Romania this year as restructuring progress at its subsidiary is in line with expectations, the bank’s chief Andreas Treichl said. more

04.04.2013

Analysts believe the Romanian economy will remain on the rise in the first quarter of this year and keep their estimates for 2013 gross domestic product, but signals from the economy are less more

04.01.2013

Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group Rompetrol, expects its loss will narrow to $51.4 million in 2013, helped by higher sales. more

03.28.2013

Bucharest-based Invest Nikarom, the new owner of Mechel’s former steel plants in Romania, expects the two units in Targoviste and Buzau to post zero EBITDA (earnings before interest, tax, more

03.28.2013

Romanian lender Banca Comerciala Carpatica (BCC.RO) estimates its net profit will rise 34.8% to 33.7 million lei (EUR7.6 million) in 2013, helped by fewer costs with interest rates, the bank said in more

03.25.2013

Romania’s economy will likely increase by 1.7% in 2013, from a meager growth of 0.3% a year earlier, helped by stronger investments and a higher absorption rate of European funds, according to more