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

03.21.2013

Romanian regional investment fund SIF Transilvania (SIF3.RO) expects its net profit to fall 29% to 150 million lei (EUR34 million) in 2013, on higher investment costs, the fund said in its draft more

03.20.2013

Romanian regional investment fund SIF Oltenia (SIF5.RO) estimates its net profit will rise 2.2% to 90.32 million lei (EUR20.4 million) in 2013, from RON88 million a year earlier, the fund said in its more

03.15.2013

Romania's second-largest lender BRD-Societe Generale (BRD.RO) expects it will return to profit in 2013, helped by lower risk costs, the bank said in its draft revenue and expenditure budget for this more

03.15.2013

3M’s business plan for Romania envisages double-digit growth in the next few years, says Giuseppe Castaldi, 3M’s vice-president for Central and Eastern Europe. more

03.12.2013

Romanian pharmaceutical company Terapia Ranbaxy plans to invest around EUR10 million in 2013 and targets 10% higher sales and exports, the company’s general manager Dragos Damian said Tuesday. more

02.28.2013

Austria’s Erste Group Bank AG (EBS.RO) has no plans to modify its restructuring program at the BCR unit in Romania and expects the lender will return to profit in 2013, helped by lower risk costs, more

02.27.2013

MOL Romania, the local unit of Hungary’s oil and gas group MOL, estimates its market share will grow to 15% by 2015, from a little over 12% in 2012, the company’s chief executive Kinga Daradics more

02.22.2013

The European Commission expects Romania’s unemployment rate to reach 6.9% in 2013 and 6.8% in 2014, according to the Commission's winter forecast report unveiled Friday. more

02.22.2013

The European Commission expects Romanian economic growth will accelerate to 2.5% in 2014 after a modest increase of 1.6% this year, mainly fueled by domestic demand. more

02.19.2013

Romanian bakery company Titan (MPN.RO) estimates its sales will reach 369.6 million lei (EUR84.2 million) in the current financial year, from RON279 million in the year ended in September 2012. more

02.06.2013

Do-it-yourself retail chain Dedeman posted 2.4 billion lei (EUR548 million) revenue in 2012, up 13% on the previous year and consolidated its market leader position. more

02.05.2013

Romania’s annual inflation is expected to accelerate up to 6% in the first half of 2013 before easing toward the 3.5% upper end of the central bank’s target range, governor Mugur Isarescu said more