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EC Sees Romania Economy Expanding 2.1% In 2014
Romania’s economy is likely to expand 2.1% in 2014 and to accelerate to 2.4% in 2015, with growth drivers expected to switch from net exports to domestic demand, the European Commission said...
IMF: Romania 2013 GDP Growth Forecast Revised Slightly Up
The International Monetary Fund has revised slightly up its forecast on Romania’s economic growth to 2.2% in 2013, from 2% previously, citing a good harvest and better contribution from expo...
Romania Economy Expected To Grow 2.2% In 2014
Romania’s economy is expected to grow by 2.2% in 2014, slightly better than a 1.9% increase estimated for this year, Prime Minister Victor Ponta told reporters after a meeting with officials...
Fondul Proprietatea Cuts 2013 Profit Estimations, Expects 10% Rise In 2014
Romanian investment fund Fondul Proprietatea (FP.RO) expects its net profit to reach 556 million lei (EUR125 million) in 2014, up 10% from the result estimated for this year.
OPSPI Sharply Revises Down 2013 Privatization Revenue Forecast
Romania’s state assets privatization office OPSPI sharply revised down its estimate on this year’s revenue from privatizations to 448.8 million lei (EUR101.3 million), from RON1.86 billion p...
OTP Bank Romania To Return To Profit In 2014, Says CEO
The head of OTP Bank Romania estimates his bank will swing to profit in 2014 after two consecutive years of losses, helped by higher revenue from lending.
Nuclearelectrica Eyes 16% Higher Sales In 2013
Romanian state-run nuclear power producer Nuclearelectrica estimates a 16% increase in its sales to 1.89 billion lei (EUR426.1 million) in 2013, from RON1.63 billion a year earlier.
Phoenixy Relies On Exports To Boost Sales By 30% In 2013
Romanian corn puffs manufacturer Phoenixy estimates a 30% increase in sales this year, to over EUR23 million, from EUR18 million in 2012, on the backdrop of higher exports.
BNR Sees 2013 GDP Growth Above 2%
Romanian economy will likely expand by more than 2% in 2013, from a growth of 0.7% a year earlier, largely supported by exports, industry and a good harvest, central bank governor Mugur Isar...