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RE/MAX: Apartment Prices In Romania Seen Falling 5% To 10% On Average Under Pandemic Impact
Apartment prices in Romania will see an average correction of 5% to 10% under the impact of the coronavirus-led crisis on the real estate market, with variations depending on each region, pe...
Romania Central Bank Expects Significant Economic Downturn In 2020, Similar To 2009 Level
Romania’s central bank said the average dynamics of the real GDP will see a significant negative value, close to the level registered during the economic crisis of 2009. The bank released no...
Unicredit Bank Sees Romania’s GDP Plunging 9.4% In 2020, After Record Contraction Expected In 2Q
Unicredit Bank analysts expect a gradual revival of Romania's economy as of the third quarter of 2020 provided restrictions are gradually eased, the measures taken by the government are effi...
IMF Sees Romania's GDP Falling 5% in 2020 Under Covid-19 Impact
The International Monetary Fund estimates Romania's economy will drop 5% this year, according to the latest World Economic Outlook released Tuesday.
ING Bank Sees Romania’s GDP Contracting 6.6% In 2020, But Growing 7.1% In 2022
ING Bank’s latest forecasts on the evolution of the global GDP envisage a 6.6% contraction for Romania’s economy in 2020, followed by a 7.1% growth in 2022.
Bittnet Group Eyes RON125M Turnover, RON2.5M Net Profit In 2020
Bittnet (BNET.RO) Group, a local integrator of IT&C solutions and provider of training services in the field of IT, has budgeted revenue of RON125 million for 2020, which will generate an EB...
ING Sees Romania GDP Contracting 6.6% in 2020
The reality of the Covid-19 crisis will bite severely into the real economy and Romania's GDP is seen contracting by 6.6% in 2020, with a second quarter to forget, followed by a less pronoun...
Erste Group Sees Romania GDP Growth Contracting 4.7% in 2020
Austria's Erste Group, which owns lender BCR in Romania, said in a research report it sees the country's GDP contracting by 4.7% in 2020 and the budget deficit is likely to widen to 7.3% of...
CFA Analysts See Leu Tumbling To 4.94 Vs Euro In Next 12 Months
The Romanian leu is expected to depreciate to an average of RON4.94 to the euro over the next 12 months, while the annual inflation rate is seen at 3.67%, according to estimates by financial...