12.27.2011

The overall value of real estate transactions with grow by up to 10% next year, to EUR500-550 million, as banks liquidate non-performing assets, according to data supplied by realty company DTZ more

12.21.2011

Meda Prod 98, one of the top 20 cold cuts producers in Romania set 101 million lei (EUR23.4 million) as its revenue target in 2011, the same as last year. Costs will increase, though, bringing the more

12.19.2011

Romanian exports are likely to increase 20% on the year to EUR45 billion in 2011, largely supported by higher exports of cars, telecom equipment and oil products, the national association of exporters more

12.16.2011

Romanian IKEA supplier Sortilemn said it will conclude this year with a turnover of EUR30 million, up 36% from EUR22 million in 2010. more

12.16.2011

Romanian construction firm CON-A, owned by businessman Mircea Bulboaca, expects sales to reach EUR55 million by the end of 2011, up 19% on the year. more

12.15.2011

Rominserv Valves Iaifo Zalau, the general contractor of Romania’s second-largest oil group Rompetrol, estimates total revenue of $200 million in 2011, slightly down from $217 million a year earlier, more

12.15.2011

Romanian state-run power grid operator Transelectrica (TEL.RO) estimates a pretax profit of 25 million lei (EUR5.75 million) in 2011, down from RON42 million previously predicted, the company said in more

12.15.2011

Romanian electronics distributor Asesoft Distribution expects sales to reach EUR180 million this year, up 24% on 2010, the company's president Iulian Stanciu said Thursday. more

12.15.2011

Romanian logistics firm FM Logistic expects 10% higher sales in 2011, to EUR22 million, from EUR20 million in the previous year, company general manager Catalin Olteanu said Thursday. more

12.14.2011

Romania’s economic growth will likely slow down to 0.5% in 2012, from 2% predicted for this year, due to new austerity measures and external pressures, the Economist Intelligence Unit said in its more

12.14.2011

Romanian courier firm FAN Courier on Wednesday said it expects turnover to reach some EUR49 million this year, up 10.1% from EUR44.4 million in 2010. more

12.13.2011

Courier and logistics firm Dynamic Parcel Distribution, or DPD, Tuesday said it expects deliveries to increase by 10% in December compared to the same interval of 2010. more

12.08.2011

Romanian electronics retailer Altex expects sales to top EUR200 million this year, compared to EUR195 million in 2010, Thursday said Dan Ostahie, the company’s general manager and owner. more

12.08.2011

Octavian Iacob, who in September was recruited by drug distributor ADM Farm as chief executive officer, is optimistic about the company’s results this year, which could be better than the initial more

12.05.2011

Furniture maker Cotta International Arad on Monday announced that it expects sales to reach EUR65 million this year, mainly based on exports. more

12.02.2011

Wood processing companies are optimistic about 2012 and either have investments in progress such as Egger or are thinking about expanding production capacity, such as Austria’s Kronospan intends to. more

11.29.2011

Pharmaceutical marketing and retail firm Romastru Trading plans a turnover of EUR90 million this year and it has started a process of regional expansion that could double its turnover in the long run. more

11.24.2011

Austrian financial group Raiffeisen Thursday revised downward its forecast on Romanian economic growth to 0.5% in 2012, from 1.8% previously, due to international financial turmoil and a prolonged more

11.17.2011

Most analysts have revised or are preparing to revise upwards their forecasts for economic growth for this year by around one percent point, towards 2.5%, after above-expectations data were announced more

11.15.2011

Austrian financial group Raiffeisen Tuesday revised upward its forecast on Romanian economic growth to 2.5% in 2011, from 1.5% previously, citing better-than-expected third quarter data. more

11.12.2011

Romania's 2012 general consolidated budget provides total revenue of 195.3 billion lei (EUR45 billion) and total expenses of RON206.5 billion, therefore a nominal deficit of RON11.2 billion, more

11.10.2011

The European Commission estimates Romanian budget deficit will narrow to 3.7% of the gross domestic product in 2012, from 4.9% of GDP predicted for this year, provided the government continues its more

11.10.2011

The European Commission revised its forecast on Romanian economic growth to 2.1% in 2012 from 3.7% previously, citing worsening conditions in EU markets. more

11.09.2011

Businessman Mihai Miron, who controls medicine wholesaler Ropharma (RPH.RO), with an annual turnover of around RON400 million (around EUR92 million), says he is working with two budget versions for more

11.09.2011

Four of the largest travel agencies on the Romanian market, Happy Tour, Perfect Tour, Aerotravel, and Paralela 45 expect 2012 not to be a very “comfortable” year and are drawing up cautious more