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Rompetrol Sees 38% Hike In Sales For 2011, To $9.4B
Romanian oil group Rompetrol on Wednesday said it is expecting consolidated sales to increase 38% this year, to $9.4 billion, from $6.8 billion in 2011, backed by the completion of investmen...
Hidroelectrica Sees Profit Rising Up To RON100M In 2012
Romanian state-run hydropower generator Hidroelectrica estimates its net profit will rise up to 100 million lei (EUR23 million) in 2012, from roughly RON16 million a year earlier, as water l...
EU Cuts Romania GDP Growth Outlook To 1.6% In 2012
The European Commission revised its forecast on Romanian economic growth to 1.6% in 2012 from 2.1% previously, saying it expects growth to be negatively affected by uncertainties in the fina...
ING Bank Romania Pretax Profit Rises To RON161M In 2011
ING Bank Romania Wednesday said its pretax profit rose 26% to 161 million lei (EUR36.9 million) in 2011, from RON128 million a year earlier.
Analysts Expect GDP Growth Of 2.4%-3% For 2011
Most analysts estimate the economy slowed down in the fourth quarter of last year as a result of the significant deterioration of the industry growth rate amid a slowdown of western economie...
Flanco 2011 Sales At EUR110M, Up 37% On Year
Romanian electronics retailer Flanco on Tuesday said it has posted sales of EUR110 million in 2011, up 37.5% on the year, while the operating profit reached EUR3.5 million.
Romania Central Bank Hikes 2012 Inflation Forecast To 3.2%
Romania's central bank Monday revised upward its forecast on the year-end inflation to 3.2% in 2012, from 3%, citing less favorable base effects than previously estimated.
IMF Lowers Romania's 2012 Economic Growth Forecast To 1.5-2%
The International Monetary Fund has revised the forecast for Romania's economic growth this year downward slightly, from 1.8-2.3% to 1.5-2%, but does not rule out the GDP increasing by more...
US Titan Machinery Eyes $10M Sales In Romania In 2012
US Titan Machinery Inc., which runs equipment stores for farmers and builders, estimates will sell agricultural equipment worth over $10 million in Romania in 2012, president Peter Christian...