12.26.2012

Romanian state-run drug producer Antibiotice Iasi (ATB.RO) is aiming for EUR124 million sales by 2016, an increase of 77% from the almost EUR70 million expected this year. more

12.13.2012

Romanian state-run power grid operator Transelectrica (TEL.RO) estimates a pretax profit of 40 million lei (EUR8.87 million) in 2012, down from RON52 million previously predicted, according to the more

11.28.2012

Romanian ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, Wednesday estimated its operations will be negatively affected by falling prices in international markets and a more

11.15.2012

Romanian economy will likely stagnate in 2012, held back by a negative environment elsewhere in Europe, Austrian lender Erste Group Bank AG said Thursday. more

11.13.2012

Romanian economic growth will likely slow down to 0.5% or even stagnate in 2012, followed by a modest recovery in 2013, according to estimates of Coface rating agency. more

11.08.2012

The International Monetary Fund estimates Romania will post only a modest economic growth in 2013, due to delays in EU fund absorption and implementation of structural reforms, IMF mission chief Erik more

11.07.2012

The European Commission revised its forecast on Romanian economic growth to 0.8% in 2012 from 1.4% previously, citing a weaker-than-expected agricultural year and domestic political uncertainties. more

11.07.2012

The Romanian central bank has revised upwards the forecast on the annual inflation rate from 3.2% to 5.1% in 2012, which is more than a percentage point higher than the upper limit of its target more

11.07.2012

Dan Pascariu, chairman of the Board at Romanian state-owned airline Tarom, said Wednesday the company’s target is to cut losses by 30% in the coming year and increase turnover. more

11.01.2012

Europe’s largest insurer Axa will continue investments in Romania, but at a slower pace because of worse than expected economic conditions, said Violeta Ciurel, chief executive of AXA Asigurari more

10.26.2012

The European Bank for Reconstruction and Development revised downwards its forecast on Romania’s economic growth to 0.5% in 2012, citing the eurozone crisis, the lower farming output and the more

10.18.2012

Romanian engineering company Adrem Invest on Thursday said it expects a 37% increase in turnover to 171.7 million lei (EUR37.4 million) in 2012. more

10.17.2012

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Wednesday revised downward its forecast on the country’s economic growth to 1.1% in 2012, from 1.4% previously, citing prolonged uncertainties in more

10.16.2012

The year 2012 is a closed chapter for the companies in the Romanian auto industry, which have already accepted the almost 20% decline of the market and are focusing on what will happen next year when more

08.30.2012

Romanian top lender BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), Thursday cut its forecast on the country’s economic growth to 0.7% in 2012 from 1.2% previously, saying it expects more

08.14.2012

The International Monetary Fund has revised down its forecast on the Romanian economy to 0.9% in 2012 from 1.5% previously, IMF mission chief Erik de Vrijer said Tuesday. more

08.10.2012

Romania’s state-run natural gas pipeline operator Transgaz Medias (TGN.RO) estimates its net profit will fall 6.4% to 355 million lei (EUR78.3 million) in 2012, from RON379.5 million in the previous more

08.09.2012

Romanian government has revised down its economic growth forecast to 1.2% in 2012 from 1.5% previously, according to a draft of this year’s first budget revision obtained by Mediafax. more

08.08.2012

The International Monetary Fund will not lower its forecast on the Romanian economic growth below 1% for 2012, in spite of a weak harvest predicted for this year and the difficult climate elsewhere in more

08.06.2012

The Romanian leu is likely to trade at around 4.6 per euro until the end of 2012, due to a longer-than-estimate period of political instability, according to estimations from the country’s largest more

08.06.2012

Romania’s central bank Monday left its forecast on the year-end inflation unchanged at 3.2% in 2012, but warned of increased inflationary risks coming from higher prices in international markets, more

08.02.2012

Romania’s economy might grow at a slower pace than expected in 2012, central bank governor Mugur Isarescu said Thursday, adding that the indicators available so far would call for a revised more

07.30.2012

Dinu Cismarescu, owner of the French Bakery chain, says that 2012 is the company’s worst since its start more than seven years ago. French Bakery annual revenue stands at EUR3 million, generated by more

07.25.2012

The European Bank for Reconstruction and Development Wednesday revised downward its forecast on Romania’s economic growth to 0.8% in 2012, from 1.2% previously, citing increased vulnerability to the more

07.04.2012

Austrian Erste Group Bank AG (EBS.RO) Wednesday revised upward its forecast on Romania’s budget deficit to 4.2% of the gross domestic product in 2012, from 3.4% of GDP previously, saying it expects more