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2013 Brings New Challenges, Including Electricity, Natural Gas Price Increases
Romanians will face new challenges next year when several measures approved by the local authorities will take effect, most concerning price increases.
Antibiotice CEO: We Plan To Reach Sales Of EUR124M By 2016
Romanian state-run drug producer Antibiotice Iasi (ATB.RO) is aiming for EUR124 million sales by 2016, an increase of 77% from the almost EUR70 million expected this year.
Transelectrica Cuts 2012 Pretax Profit Forecast To RON40M
Romanian state-run power grid operator Transelectrica (TEL.RO) estimates a pretax profit of 40 million lei (EUR8.87 million) in 2012, down from RON52 million previously predicted, according...
ArcelorMittal Galati Sees Difficult Year Ahead As Steel Market Weakens
Romanian ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, Wednesday estimated its operations will be negatively affected by falling prices in international marke...
Erste Sees Zero 2012 Economic Growth In Romania
Romanian economy will likely stagnate in 2012, held back by a negative environment elsewhere in Europe, Austrian lender Erste Group Bank AG said Thursday.
Coface Expects Romania GDP Growth To Slow To 0.5% In 2012
Romanian economic growth will likely slow down to 0.5% or even stagnate in 2012, followed by a modest recovery in 2013, according to estimates of Coface rating agency.
IMF Sees Modest Growth In Romania In 2013
The International Monetary Fund estimates Romania will post only a modest economic growth in 2013, due to delays in EU fund absorption and implementation of structural reforms, IMF mission c...
EU Cuts Romania GDP Growth Forecast To 0.8% In 2012
The European Commission revised its forecast on Romanian economic growth to 0.8% in 2012 from 1.4% previously, citing a weaker-than-expected agricultural year and domestic political uncertai...
Romania Central Bank Lifts 2012 Inflation Forecast To 5.1%
The Romanian central bank has revised upwards the forecast on the annual inflation rate from 3.2% to 5.1% in 2012, which is more than a percentage point higher than the upper limit of its ta...