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Asirom Expects 7% Higher Revenue In 2012, From RON628M In 2011
Romanian insurer Asirom plans to increase its revenue from premiums by 5%-7% this year, from 627.9 million lei (EUR140.8 million) in 2011, and post net profit similar to last year's RON7.2 m...
Romania Cuts 2013 GDP Growth Forecast To 3.1% Vs 4.5%
A sluggish economic recovery and falling exports have prompted Romanian officials to revise downward the 2013 growth forecast to 3.1%, from 4.5% initially, according to a government document...
Policolor-Orgachim Group Eyes 10% Higher Turnover In 2012 Vs EUR88.5M In 2011
The Policolor-Orgachim group, one of the largest competitors on the Romanian paint and enamels market, said it expects a 10% increase in this year’s turnover, from EUR88.5 million in 2011, a...
Fitch Sees Romania GDP Growth At 1.6% In 2012, Mirroring CEE Performance
Romania's economic growth is likely to slow down to 1.6% in 2012, from 2.5% a year earlier, in line with the general evolution forecast for the Central and Eastern Europe, a report from Fitc...
Erste: Romanian Economy At Risk From Eurozone
Continuing downward pressure on exports from the eurozone and a generally bleak international climate are likely to affect Romania’s economy in the second quarter, tilting the scales to the...
EU Cuts Romania GDP Growth Forecast To 1.4% In 2012
The European Commission revised its forecast on Romanian economic growth to 1.4% in 2012 from 1.6% previously, saying it expects exports will have a negative contribution due to financial an...
Analysts See Romania's Annual Inflation Easing To 2.2% In April
Romanian annual inflation rate has likely eased further to a fresh low of 2.2% in April, according to a median forecast of the country’s association of financial and banking analysts AAFBR.
Azomures Expects 2012 Profit To Fall On Higher Costs
Romanian chemical fertilizer maker Azomures (AZO.RO) estimates its net profit will fall to 143.7 million lei (EUR32.6 million) in 2012, from RON365.1 million a year earlier, largely due to h...
Oltchim Hopes To Break Even In FY 2012
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) plans to break even in the financial year ending December 2012, after five consecutive years of losses.