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EU Ups Romania GDP Growth Forecast To 2.5% In 2014
The European Commission on Monday revised slightly upward its forecast on Romania’s economic growth to 2.5% in 2014 from 2.3% previously, saying it expects stronger contributions from consum...
Petrom Pays RON1.74B Dividend From 2013 Profit
Romania’s leading oil and gas company OMV Petrom (SNP.RO) approved a dividend payment of 1.745 billion lei (EUR393 million) from the 2013 net profit, 10% higher on the year, the company said...
Turbomecanica Eyes Return To Profit In 2014
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) expects it will turn to net profit of 2.18 million lei (EUR0.49 million) in 2014, versus losses a year earlier, helped by an 8....
Erste: Romania GDP To Exceed 2008 Level This Year
Romania’s economy will likely exceed its 2008 level for the first time this year, fueled by domestic demand and strong industrial output, according to estimates from Austrian lender Erste Gr...
Good Macroeconomic News Makes Analysts Revise GDP Growth Forecasts
The good news from most macroeconomic indicators in the first two months of the year is making analysts change their full-year gross domestic product growth forecast towards 3% to 3.5%.
CFR Calatori Eyes Return To Profit In 2014
Romanian state-run passenger rail carrier CFR Calatori expects it will turn to net profit of 70 million lei (EUR15.7 million) in 2014 after losses a year earlier, according to the company’s...
ING Bank: BNR To Miss 2014 Inflation Target
Romania’s central bank will likely miss its inflation target for 2014 as consumer prices are expected to rise once the positive effects of the good farm output last year subside, a senior ec...
Rompetrol Rafinare Expects Narrower Loss In 2014
Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group KMG International, expects its loss will narrow 35.4% on the year to $63.92 million in 2014,...
Raiffeisen Bank Romania Proposes RON264M Dividend For 2013
Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen Bank International AG, on Thursday proposed paying out its shareholders a total dividend of 264 million lei (EUR59 million) from the 2...