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IMF Cuts Romania’s Economic Growth Forecast To 1.6% From 2.5%
The International Monetary Fund (IMF) now expects economic growth of 1.6% for Romania in 2013, down from a 2.5% rise predicted in the autumn of 2012.
Energy Producers Expect Major Profits For This Year, Have Upbeat Plans For 2015
Energy Complex Oltenia, Hidroelectrica and Nuclearelectrica, the largest energy producers in Romania, have budgeted significantly higher profits for this year against last year, with upbeat...
Romania To Receive EUR7.2B For EU-Funded Rural Development Program In 2014-2020
Romania will receive some EUR7.2 billion through the EU-financed National Program for Rural Development for the interval 2014-2020, down from EUR8.1 billion in 2007-2013, Agriculture Ministe...
Money For Badly Needed Repairs Of Railroad Tracks Can Only Cover 13 Km Out Of 5,900 Km
Almost half the Romanian railway network needs capital repair works, but existing lines have received only EUR18 million from the state budget for such works. The bulk of the overall public...
Budget For Romania’s Roads And Highways 5% Lower Than 2012 Spending
The company in charge of Romania’s highways and national roads, CNADNR, will get 5.8 billion lei (EUR1.3 billion) budget this year, down 27% on the allocation in early 2012 and 5% less than...
Banca Transilvania Eyes RON388M Gross Profit In 2013, Up 14% On Year
Romanian lender Banca Transilvania (TLV.RO) forecasts a gross profit of 388 million lei (EUR87.98 million), up 14.5% from RON340 million a year before, according to a budget draft under deba...
CFR Calatori Sees 2013 Loss Widening To RON427M
Romanian state-owned passenger railway carrier CFR Calatori estimates a loss of 427.2 million lei (EUR96.8 million) this year, much wider than the loss expected for 2012, of RON296 million.
TMK Artrom Eyes $315M Revenues In 2013, Up 18% On Year
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, forecasts revenues of $315 million in 2013, up 18% from a year before, the company said in a statement Tues...
Romania Runs Budget Deficit Of RON2.44B In Jan-Feb
Romania’s consolidated budget posted a deficit of 2.44 billion lei (EUR552 million) in the first two months, equal to 0.39% of the gross domestic product, Finance Ministry data showed Tuesda...