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EU Sees Romania Economy Growing 2.3% In 2014
Romania’s economy is likely to expand at an annualized pace of 2.3% in 2014 and to accelerate to 2.5% in 2015, largely fueled by domestic consumption and investments, according to European C...
Antibiotice Sees 2014 Net Profit Up 6% To RON30.5M
Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) estimates its profit will grow by 6% on the year in 2014, to 30.55 million lei (EUR6.7 million), while the company's investments will r...
Cegedim Sees Romanian Pharmaceutical Market Growing An Average 4.8% in 2014-2018
The Romanian pharmaceutical market is seen growing 2.7% on the year in 2014, according to Cegedim Romania, which estimates an average growth of 4.8% a year until 2018.
Petrom: Gas&Power Demand In Romania To Remain Subdued In 2014
Romania’s largest oil and gas company OMV Petrom (SNP.RO) expects domestic demand for natural gas and electricity will remain subdued this year, after declining 8% and 5% year-on-year in 201...
Nuclearelectrica Sees 2014 Net Profit Tumbling To RON28M
Romanian state-run nuclear power company Nuclearelectrica (SNN.RO) expects its net profit will fall sixteen-fold to 27.9 million lei (EUR6.23 million) in 2014, from a record profit of RON456...
Romania Central Bank Ups 2014 Inflation Forecast To 3.5%
Romania’s central bank Thursday revised upward its inflation forecast to 3.5% this year from 3% previously, citing upside pressure from higher excise duties and a newly announced tax on fuel...
Romania’s Life Insurance Market Seen Flat Or Up To 5% Higher In 2014
Romania’s life insurance underwritten premiums are expected to stagnate or grow by up to 5% in 2014, considering that the revenues of companies operating this segment fell 8% to 1.52 billion...
BCR Sees RON647M Net Profit In 2014
Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a net profit of 647 million lei (EUR142.8 million) for the full-year 2014, according to the lender’s re...
EBRD Keeps 2014 GDP Growth Forecast For Romania, Warns Of Bad Loans
The European Bank for Reconstruction and Development has maintained its forecast on the Romanian economic growth unchanged at 2.4% in 2014, driven by exports and less sluggish domestic deman...