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Romania Cuts GDP Growth Forecast To 1.2% In 2012
Romanian government has revised down its economic growth forecast to 1.2% in 2012 from 1.5% previously, according to a draft of this year’s first budget revision obtained by Mediafax.
IMF To Maintain Romania 2012 GDP Growth Forecast Above 1% - Sources
The International Monetary Fund will not lower its forecast on the Romanian economic growth below 1% for 2012, in spite of a weak harvest predicted for this year and the difficult climate el...
BCR: Leu To Stay At 4.6 Vs Euro Until Year-end
The Romanian leu is likely to trade at around 4.6 per euro until the end of 2012, due to a longer-than-estimate period of political instability, according to estimations from the country’s l...
BNR Keeps 2012 CPI Forecast Unchanged; Warns Of Inflationary Risks
Romania’s central bank Monday left its forecast on the year-end inflation unchanged at 3.2% in 2012, but warned of increased inflationary risks coming from higher prices in international mar...
Isarescu: Economy Might Grow Slower Than Expected, Data Call For Revised Outlook
Romania’s economy might grow at a slower pace than expected in 2012, central bank governor Mugur Isarescu said Thursday, adding that the indicators available so far would call for a revised...
French Bakery Owner Says 2012 Worst Year For His Business, Pins Hopes On 2013
Dinu Cismarescu, owner of the French Bakery chain, says that 2012 is the company’s worst since its start more than seven years ago. French Bakery annual revenue stands at EUR3 million, gener...
EBRD Cuts Romania GDP Growth Forecast, Says Political Crisis May Take Toll
The European Bank for Reconstruction and Development Wednesday revised downward its forecast on Romania’s economic growth to 0.8% in 2012, from 1.2% previously, citing increased vulnerabilit...
Erste Raises Forecast For Romania 2012 Deficit, Warns Of Political Instability
Austrian Erste Group Bank AG (EBS.RO) Wednesday revised upward its forecast on Romania’s budget deficit to 4.2% of the gross domestic product in 2012, from 3.4% of GDP previously, saying it...
Romet Eyes Up To 8% Higher Sales In 2012
Romanian industrial equipment manufacturer Romet Group estimates a 7% to 8% increase in its sales to around EUR320 million in 2012, supported by new investments.