01.22.2014

Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a net profit of 647 million lei (EUR142.8 million) for the full-year 2014, according to the lender’s revenue more

01.21.2014

The European Bank for Reconstruction and Development has maintained its forecast on the Romanian economic growth unchanged at 2.4% in 2014, driven by exports and less sluggish domestic demand, but more

12.30.2013

Romania’s pharmaceutical market is expected to witness an increase of up to 2% in value and to stagnate in volume at the end of 2013, according to estimates by Dragos Damian, president of the more

12.20.2013

Romanian state-run hydropower generator is expected to post more than 900 million lei (EUR201 million) profit in 2013, equal to the company’s income for the past 11 years, said Remus Borza, former more

12.11.2013

Romania’s economic growth will likely slow to around 2% in 2014, reflecting a weaker contribution from agriculture, consultancy firm Deloitte Consultanta estimated Wednesday. more

12.03.2013

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) Tuesday released a freshly revised revenue and expenditure draft budget for 2013, one week after accidentally publishing a wrong draft, more

11.28.2013

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) has revised down its full-year revenue and profit projections, due to weak market demand and lower gas prices, the company said in a call more

11.21.2013

Romanian auto sales will reach 320,000 units in 2013, of which 70,000 new cars and 250,000 used cars, Zoltan Brassai, general manager of Ford Romania, said Thursday. more

11.14.2013

Kastamonu Romania (the former Prolemn) in Reghin (central Romania), controlled by Kastamonu Entegre, one of the leading wood processing companies in Turkey, estimates a 16% increase in turnover to more

11.12.2013

Romania budget revenue will account for only 32.9% of the gross domestic product in 2014, similar to this year’s level, while budget expenditure is seen down to 35.1% of the GDP. more

11.11.2013

The European Bank for Reconstruction and Development Monday revised slightly its forecast on Romania’s economic growth to 2.4% in 2014, from 2.2% previously, but warned of continued growth more

11.05.2013

Romania’s economy is likely to expand 2.1% in 2014 and to accelerate to 2.4% in 2015, with growth drivers expected to switch from net exports to domestic demand, the European Commission said in its more

11.05.2013

The International Monetary Fund has revised slightly up its forecast on Romania’s economic growth to 2.2% in 2013, from 2% previously, citing a good harvest and better contribution from exports. more

11.04.2013

Romania’s economy is expected to grow by 2.2% in 2014, slightly better than a 1.9% increase estimated for this year, Prime Minister Victor Ponta told reporters after a meeting with officials of the more

10.22.2013

Romanian investment fund Fondul Proprietatea (FP.RO) expects its net profit to reach 556 million lei (EUR125 million) in 2014, up 10% from the result estimated for this year. more

10.04.2013

Romania’s state assets privatization office OPSPI sharply revised down its estimate on this year’s revenue from privatizations to 448.8 million lei (EUR101.3 million), from RON1.86 billion more

08.29.2013

The head of OTP Bank Romania estimates his bank will swing to profit in 2014 after two consecutive years of losses, helped by higher revenue from lending. more

08.27.2013

Romanian state-run nuclear power producer Nuclearelectrica estimates a 16% increase in its sales to 1.89 billion lei (EUR426.1 million) in 2013, from RON1.63 billion a year earlier. more

08.06.2013

Romanian corn puffs manufacturer Phoenixy estimates a 30% increase in sales this year, to over EUR23 million, from EUR18 million in 2012, on the backdrop of higher exports. more

08.05.2013

Romanian economy will likely expand by more than 2% in 2013, from a growth of 0.7% a year earlier, largely supported by exports, industry and a good harvest, central bank governor Mugur Isarescu said more

07.31.2013

The International Monetary Fund has revised upward its growth estimate on Romania’s economy to 2% in 2013 from 1.6% previously, saying it expects better contributions from agriculture and exports. more

07.29.2013

Romania lifted its economic growth forecast for 2013 to 1.9% from 1.6% previously, the minister delegate for Budget Liviu Voinea said Monday. more

07.23.2013

The National Statistics Institute is set to announce the economic growth for the first half of the year in mid-August, but estimates have already appeared, suggesting GDP growth of between 1.8% and more

07.10.2013

US giant JP Morgan revised upward its forecast for Romania’s gross domestic product to 2.6% in 2013, from 1.9% previously, which is one of the most optimistic forecasts for this year. more

06.20.2013

Garanti Bank estimates Romania’s central bank will likely reduce its key interest rate by 75 basis points this year amid improved inflationary expectations. more