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Romania’s Retail Market Estimated At EUR40B
Romania’s retail market is estimated at EUR40 billion, with four large players controlling 60% of the sector (Kaufland, Carrefour, Metro Cash&Carry and Auchan). After Turkey, Russia, France...
FAN Courier Headed Towards EUR140M Turnover In 2018
FAN Courier, the largest courier service company in Romania, expects to end 2017 with a turnover of EUR131 million, higher by 13.2% than a year before, according to estimations by the three...
Romania Central Bank Revises Yearend Inflation Forecast Up to 2.7% from 1.9%
Romania's central bank on Thursday raised its inflation forecast for the end of the year to 2.7% from a previous forecast of 1.9%, governor Mugur Isarescu said at a press briefing on the cen...
Banca Transilvania Expects Inflation To Accelerate From 1.1% In 2017 To 3.1% In 2018
Banca Transilvania expects inflation to accelerate over the short and medium time horizon, with the perspective of exiting the range targeted by the central bank in the second half of 2018,...
Romania Forecast Commission Sees GDP Growth at 5.5% in 2018
Romania Forecast Commission has published its estimates for 2017-2021 in view of the government drafting the 2018 state budget and sees a gross domestic product of RON907.9 billion next year...
IMF Revises Up Romania's Economic Growth Forecast to 5.5% This Year
The International Monetary Fund has revised Romania's economic growth forecast to 5.5% this year and 4.4% next year from a previous 4.2% and 3.4%, respectively.
Romania’s GDP Could Reach EUR200B In 2018
In 2018, when Romania celebrates 100 years since its Great Union, its gross domestic product could reach EUR200 billion, beating Greece’s or Czech Republic’s.
Romania Revises 2017 Economic Growth Forecast To 5.6% From 5.2%
Romania's National Prognosis Commission on Friday revised the country’s economic growth forecast for 2017 up to 5.6%, from a previous estimate of 5.2% in its spring forecast.
Banca Transilvania Sees Current Account Deficit Rising To 3.4% Of GDP In 2017, Highest Level Since 2012
Banca Transilvania chief economist Andrei Radulescu on Thursday said he expects the deficit of the current account balance to rise to 3.4% of the GDP in 2017, the highest level since 2012, a...