04.28.2016

Romania’s economy is expected to grow 4.2% in 2016 and 4.3% in 2017, and its budget deficit is seen reaching 2.95% of GDP in 2016 and 2.9% of GDP in 2017, according to the 2016 convergence program more

04.27.2016

Footwear and leather accessories retailer Il Passo expects a turnover of EUR700,000 in 2016, almost double against the previous year, according to company officials. more

04.10.2016

Romania has potential to reach 4,000-5,000 farm machines sold per year, from nearly 1,800 units sold currently, when the entire arable land will be used, said Marcelo Pedrazzini, business director more

02.09.2016

Romania's central bank has revised its inflation forecast to 1.4% this year from a previous forecast of 1.1%, central bank governor Mugur Isarescu told a news conference Tuesday. more

02.04.2016

The European Commission has made marginal improvements on Romania's economic growth estimates in its winter forecast released Thursday, but warns of risks posed by new legal initiatives and a widening more

11.09.2015

Romania's central bank has revised its annual inflation forecast for this year and sees it at -0.7% from -0.3% in August, considering the impact of tax cuts, central bank governor Mugur Isarescu told more

11.05.2015

The European Commission expects Romania's economic growth will pick up this year and the next, to 3.5% and 4.1% of gross domestic product, respectively, as fiscal stimulus spurs domestic demand at the more

10.06.2015

Romania is expected to post an economic growth of 3.4% this year and 3.9% in 2016, according to the International Monetary Fund's fall World Economic Outlook report released Tuesday. more

09.25.2015

Swedish apparel retailer Hennes & Mauritz (H&M) posted sales of EUR135 million in Romania in the first nine months of financial year 2015 starting December 1 to November 30, 50% higher from the same more

09.18.2015

Romania's National Prognosis Commission has revised this year's forecast average gross salary from RON2,426 to RON2,496, expecting a growth of 7.2% instead of the previously seen 6.5%, while in real more

09.18.2015

Romania's National Prognosis Commission has revised this year's annual inflation rate to minus 0.7% from a previous forecast of 0.7%, and to 1.8% from 2.8% previously expected. more

09.18.2015

Romania's National Prognosis Commission has revised this year economic growth forecast up to 3.4% from a previous forecast of 3.3% and next year's GDP growth to 4.1% from 3.4%, the commission said in more

09.09.2015

The extended drought that announces a very bad agricultural year is making macroeconomists revise their 2015 growth forecasts downwards. more

07.30.2015

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) forecasts revenue of 182.3 million lei (EUR41 million) in 2015, up 13% from a year before, on higher exports and sales on the domestic more

07.20.2015

Romanian lender Banca Transilvania has revised upward its forecast on the country’s economic growth to 4.6%, from 4.1% previously, and expects the unemployment rate to stagnate this year and more

07.03.2015

Corrugated cardboard company Rondocarton, part of Austria’s group Rondo Ganahl, eyes revenues of EUR65 million in 2015, up 12% from a year before, according to a ZF survey based on company’s more

06.11.2015

The World Bank slightly upgraded Romania’s economic growth forecast to 3% in 2015, from 2.9% seen previously, according to the latest World Economic Prospects report released Thursday. more

06.01.2015

The Romanian economy is growing faster than the estimates at the beginning of the year, prompting an upward revision of the 2015 figures and of those for the coming years. more

05.28.2015

The increase of disposable income and developments of the labor market will fuel the private consumption, the main driver of Romania’s economic growth projected at 3% for 2015, according to the more

05.20.2015

Romania’s largest natural gas producer Romgaz (SNG.RO) targets a net profit of RON1.5 billion in 2015, higher by 7.2% than last year’s net profit which was the largest ever registered by the more

05.05.2015

The European Commission expects Romania’s budget deficit to sharply deteriorate next year due to tax cuts envisioned in the new tax code draft, the EU’s executive arm said in its spring forecast more

04.14.2015

Romania’s gross domestic product will grow 2.7% in 2015, according to the latest World Economic Outlook report issued Tuesday by the International Monetary Fund, which sees the local economy more

04.01.2015

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03.25.2015

Romanian Business Consult (RBC), local integrator of IT solutions for the retail and food industries, expects a 10% increase in turnover in 2015, from EUR15.8 million in 2014, due to attracting new more

03.25.2015

Romanian wheat yield is estimated at 3.26 tons/hectare in March, 10% higher than forecast in the same time last year, according to the first European Commission 2015 estimate recently published. more