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SIF Banat-Crisana Eyes 28% Higher Net Profit In 2012
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) estimates a 28% increase in its net profit to 80.6 million lei (EUR18.4 million) in 2012, as costs are expected to decline faste...
Romania Revises 2012 GDP Growth Forecast Downwards To 1.7%
The revision of the economic growth forecast to 1.7% is the first official acknowledgement that the gross domestic product this year will be lower than the expectations in 2011, around which...
SIF Muntenia Sees Pretax Profit Down To RON76M In 2012
Romanian regional investment find SIF Muntenia (SIF4.RO) estimates its pretax profit will drop by some 9% to 76 million lei (EUR17.4 million) in 2012, on lower revenues, according to the fun...
Antibiotice Sees Pretax Profit Up 13%, To RON29.9M In 2012
Romanian state-owned medicine maker Antibiotice Iasi (ATB.RO) expects pretax profit to reach 29.9 million lei (EUR6.86 million) this year, up 13% from RON26.4 million in the previous year, a...
OTP Bank Romania Eyes Up To 9% Higher Loans In 2012
OTP Bank Romania, the local unit of Hungary’s financial group OTP, estimates its loan portfolio will increase by 7% to 9% in 2012, fueled by higher consumer loans and increased financing for...
Romania Revises Up 2012 GDP Forecast To RON609B
Romania’s Finance Ministry has revised upward its forecast on the gross domestic product to around 609 billion lei (EUR140 billion) in 2012, from RON580 billion previously, state secretary G...
BNR Admits It Did Not Anticipate Extent Of 2009 Recession. Will Romania Avoid Recession In 2012?
The Romanian central bank, or BNR, admitted half-heartedly at the beginning of this week, through the voice of the central bank’s deputy governor Cristian Popa, that it had not expected the...
Dedeman Aims For 10% Higher Sales In 2012 From RON2B In ‘11
Romanian do-it-yourself retailer Dedeman on Wednesday reported sales of 2 billion lei (EUR459 million) for last year, compared to RON1.55 billion in 2010.
ARACO: Romania’s Construction Market Down 4% In 2011, To EUR9.3B
Romania’s construction market dropped 4% last year, to EUR9.3 billion, from EUR9.7 billion, and this year it could reach EUR9.3-9.5 billion in best-case scenario, according to construction e...