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Bittnet, First IT Firm Listed On Romanian Stock Market, Eyes RON100M Turnover In Next 2 Years
IT training services provider Bittnet Systems (BNET.RO), the first IT firm listed on the Romanian stock market, targets a turnover of RON100 million in the next two years, against the backdr...
Romania’s GDP Growth Flat In Q1 2018 Vs Q4 2017, Analysts Revise Forecasts
Romania’s GDP only rose 4.2% in the first quarter compared with the first quarter of 2017, while analysts expected 5.4%. The economy is losing steam fast due to the rise in borrowing costs a...
Romania Central Bank Raises 2018 Inflation Forecast to 3.6% from 3.5%
Romania's central bank on Wednesday raised its year-end inflation forecast to 3.6% from a previous projection of 3.5% but kept its end-2019 inflation forecast at 3%.
Forecast Commission Revises Up Exchange Rate, Inflation, Current Account Deficit
Romania's National Forecast Commission has revised its forecast for the 2018 exchange rate to RON4.65 to the euro in its spring prognosis from RON4.59 in the winter prognosis. It also revise...
Study: Organic Baby Food Market Seen Growing By Nearly 5% In 2018
The overall value of the food market for infants and small children stood at nearly EUR50 million in 2017, considering that organic food products for this age category reached sales of EUR7....
Penny Market Eyes 13% Higher Turnover In 2018, Of Nearly RON3.3B
Discount store chain Penny Market, held by German retailer REWE, posted a turnover of RON3 billion in 2017 and targets an increase of nearly 12-13%, up to RON3.3 billion.
Vitacom Electronics Posts 25% Higher Turnover, Of RON13.5M, In 1Q/2018
Romanian electronics importer and distributor Vitacom Electronics, based in Cluj-Napoca and controlled by Vasile Andrei Vita, ended the first quarter of 2018 with a turnover of RON13.5 milli...
IMF Revises Up Romania’s GDP Growth Forecast To 5.1% In 2018
The International Monetary Fund (IMF) expects Romania’s economy to grow 5.1% in 2018, from 4.4% previously estimated, the IMF said in the April edition of its World Economic Outlook (WEO) re...
UniCredit: Government May Try To Keep Budget Deficit Under Control By Cutting Investments, Hiking Taxes
Romania’s economic growth could moderate at 4.4% in 2018, compared with 6.9% in 2017, and at 3.6% in 2019, as the Finance Ministry could apply a tighter fiscal policy, attempting to keep the...