07.28.2016

Romanian managers expect activity in the construction sector and retail to grow between July and September 2016, see moderate growth in services and industry, and also expect prices to stabilize, more

07.25.2016

Perla Harghitei, one of the largest mineral water bottlers on the Romanian market, targets a turnover of RON99.8 million in 2016, up 13% against the previous year, according to data provided by the more

07.24.2016

Romanian software solutions provider Arobs Transilvania, one of the largest IT companies in Cluj-Napoca, controlled by entrepreneur Voicu Oprean, boosted its net profit over five times in 2015, more

07.07.2016

Romanian eLearning company Ascendia, which was listed on the Bucharest Stock Exchange’s alternative trading system AeRO on Thursday, expects its turnover to double until 2018, to over EUR2 million, more

07.07.2016

Romania’s economic growth will accelerate to 4.1% in 2016, but is likely to slow down to 3.1% in 2017, due, among others, to the dependence on imports and a slowdown in exports generated by more

07.06.2016

Furniture manufacturer Rus Savitar – Casa Rusu targets a consolidated turnover of EUR51 million in 2016, up 20% from EUR43.7 million a year ago, on the backdrop of extending its store chain. more

06.13.2016

Romanian plastic systems maker Teraplast Bistrita (TRP.RO) targets a 20% higher turnover, of RON473.2 million, and a 27% higher net profit in 2016. more

05.10.2016

Romania's central bank has revised down its inflation forecast for this year, to 0.6%, from a previous estimate of 1.4%, and to 2.7% in 2017, from a previous estimate of 3.4%. more

05.06.2016

Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), the operator of Bucharest-based five-star Intercontinental Hotel, expects total revenue of RON48 million and a net profit of RON4.4 million in more

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