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Romania Revises Down 2013 GDP Growth Forecast To 1.6%
Romania’s government Monday revised down its economic growth forecast to 1.6% in 2013, from 1.8% initially, according to this year’s draft budget.
BCR Sees RON238M Net Profit In 2013
Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a pretax profit of 250 million lei (EUR57.5 million) for the full-year 2013, according to the lender’s...
EBRD Cuts Romania GDP Growth Forecast To 1.4% In 2013
The European Bank for Reconstruction and Development Monday revised downward its forecast on Romania’s economic growth to 1.4% in 2013, from 1.9% previously.
Franklin Templeton Sees Romania Economy Growing More Than 1% In 2013
Rebounding consumption and sustained investments may aid Romania’s economy to grow more than 1% in 2013, from around 0.7% estimated last year, according to estimates from Franklin Templeton...
Hidroelectrica Eyes RON430M Net Profit In 2013
Romanian power producer Hidroelectrica estimates it will swing to a net profit of 430 million lei (EUR99.2 million) in 2013, versus losses a year earlier, the company’s legal administrator E...
Fund Managers Expect 2013 To Be A “Green” Year For Bucharest Stock Exchange
Fund managers are optimistic and expect the Bucharest Stock Exchange to rise by 10-15% in 2013 amid an improvement in foreign investment sentiment over Romanian assets, as well as over more...
Erste Expects 10% To 15% For Bucharest Stock Exchange In 2013
Erste Group analysts see the Bucharest Stock Exchange having a rather good year in 2013. They expect growth of 10% to 15%, below the potential of the local stock market because of the low li...
Poultry Producer EuroAvi Sees Revenues Flat In 2013, Postpones Development Projects
EuroAvi group of Romanian farmers, which owns 11 poultry farms, a slaughterhouse and sells chicken as “Pui de Baragan” (“Baragan Chicken, named after the southeastern region of Romania where...
Dairy Maker Olympus Eyes 20% Higher Turnover In Romania In 2013
Greek dairy maker Olympus estimates its sales in Romania will increase by 20% to EUR55 million in 2013 and plans to continue hiring staff at its Romanian plant in Halchiu (Brasov county), wh...