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IMF Ups Romania GDP Growth Forecast To 2% In 2013
The International Monetary Fund has revised upward its growth estimate on Romania’s economy to 2% in 2013 from 1.6% previously, saying it expects better contributions from agriculture and ex...
Romania Raises GDP Growth Forecast To 1.9% Of GDP
Romania lifted its economic growth forecast for 2013 to 1.9% from 1.6% previously, the minister delegate for Budget Liviu Voinea said Monday.
Prime Minister Ponta Expects 2.4% Economic Rise In First Half, ING Sees 1.8%
The National Statistics Institute is set to announce the economic growth for the first half of the year in mid-August, but estimates have already appeared, suggesting GDP growth of between 1...
JP Morgan Ups Romania’s GDP Growth Forecast To 2.6% In 2013
US giant JP Morgan revised upward its forecast for Romania’s gross domestic product to 2.6% in 2013, from 1.9% previously, which is one of the most optimistic forecasts for this year.
Garanti Bank Sees BNR Easing Key Rate By 75 Bps In 2013
Garanti Bank estimates Romania’s central bank will likely reduce its key interest rate by 75 basis points this year amid improved inflationary expectations.
World Bank Raises Romania's 2013 GDP Growth Forecast To 1.7% In 2013
The World Bank forecasts Romania’s gross domestic product will increase 1.7% in 2013, followed by a 2.2% growth next year, according to the bank’s Global Economic Prospects report published...
Oltchim Expects 53% Drop In 2Q Sales
Romanian insolvent chemical company Oltchim Ramnicu Valcea (OLT.RO) expects its sales will drop 53% on the year to 134.4 million lei (EUR29.7 million) in the second quarter, the company’s le...
ProCredit Bank Romania Sees 16% Hike In Loan Portfolio
ProCredit Bank Romania estimates its loan portfolio will grow by 16% to EUR250 million in 2013, from EUR215 million at the end of last year, Andreea Enache, head of the bank’s corporate clie...
Raiffeisen Bank Romania Sees Profit Rising To EUR106.7M In 2013
Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen Bank International AG, estimates its net profit will rise 21% to around EUR106.7 million in 2013, from EUR88 million a year earlier.