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Isarescu: Alcohol And Tobacco Prices Will Go Down Next Year, But Gasoline Will Be More Expensive
Romania’s central bank governor Mugur Isarescu said Thursday that tobacco and alcohol prices will decline in 2015, because the calendar for the alignment of excise duties has already been fu...
European Commission Sees Romania Out of Recession In 3Q
Romania’s gross domestic product rose 1% in the third quarter against the previous quarter, according to the European Commission’s latest forecasts, which means the economy is out of technic...
EU Warns Romania’s Budget Deficit Will Widen To 2.8% Of GDP In 2015
Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down f...
EU Cuts Romania GDP Growth Forecast To 2% In 2014
The European Commission expects Romania’s economy to grow only 2% in 2014, a significant cut from a 2.8% estimated in June, due to a strong deceleration in the second quarter.
BCR Revises Down Romania’s 2014 GDP Growth Forecast To 1.8%
Romania’s largest lender Banca Comerciala Romana, or BCR, revised downwards its forecast on Romania’s economic growth to 1.8% in 2014 and 3% in 2015, due to the very low public investments a...
Romanian IT Market Seen Growing 9.1% This Year, To RON5.4B - Report
The Romanian IT market is seen growing 9.1% this year, to RON5.4 billion,outperform the majority of its peers as a result of a strong economic recovery and its position as a regional center...
Telecom Retailer Arsis Expects 10%-12% Higher Sales In 2014, To EUR34M
Telecom retailer Arsis estimates its sales will grow 10%-12% to EUR34 million in 2014, from EUR30.4 million in 2013, on the backdrop of higher smartphone sales and the launch of www.arsis.ro...
Leu, Only CEE Currency To Gain Ground Against Euro This Year
The leu is the only currency in the Central and Eastern Europe that gained ground against the euro since the end of 2013, while the Polish zloty, the Czech koruna and Hungary's forint lost o...
Hidroelectrica Sees Record Full Year Pretax Profit Of Over RON1B
Romanian insolvent power producer Hidroelectrica posted a pretax profit of 600 million lei (EUR135.2 million) in the first seven months of 2014 and expects record earnings of over RON1 billi...