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Drought Causes Economic Growth Forecasts Revision
The extended drought that announces a very bad agricultural year is making macroeconomists revise their 2015 growth forecasts downwards.
Romcarbon’s Revenue Seen Up 13%, At EUR41M In 2015
Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) forecasts revenue of 182.3 million lei (EUR41 million) in 2015, up 13% from a year before, on higher exports and sales on the dom...
Rondocarton Eyes EUR65M Revenues In 2015
Corrugated cardboard company Rondocarton, part of Austria’s group Rondo Ganahl, eyes revenues of EUR65 million in 2015, up 12% from a year before, according to a ZF survey based on company’s...
Romania’s Economy Grows Faster Than Forecast
The Romanian economy is growing faster than the estimates at the beginning of the year, prompting an upward revision of the 2015 figures and of those for the coming years.
WB: Romania Growth Fueled By Higher Disposable Income, Labor Market Evolution
The increase of disposable income and developments of the labor market will fuel the private consumption, the main driver of Romania’s economic growth projected at 3% for 2015, according to...
Romgaz Wants To Break Last Year’s Record And Targets 7% Higher Net Profit
Romania’s largest natural gas producer Romgaz (SNG.RO) targets a net profit of RON1.5 billion in 2015, higher by 7.2% than last year’s net profit which was the largest ever registered by the...
EU Sees Romania’s Budget Deficit Widening to 3.5% of GDP in 2016
The European Commission expects Romania’s budget deficit to sharply deteriorate next year due to tax cuts envisioned in the new tax code draft, the EU’s executive arm said in its spring fore...
IMF Sees Romania’s GDP Growth At 2.7% In 2015
Romania’s gross domestic product will grow 2.7% in 2015, according to the latest World Economic Outlook report issued Tuesday by the International Monetary Fund, which sees the local economy...
Romania's Inflation Rate Will Stay Low In 2015 As Well
Romania’s inflation fell in 2014 to the lowest level in 30 years, amid the declining trend of oil prices, a good farming output and subdued domestic demand. The annual inflation rate eased t...