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IMF Cuts Romania’s Economic Growth Forecast To 1.3%
The International Monetary Fund (IMF), which currently has one of the most optimistic forecasts for Romania’s economic growth this year, 1.8% to 2.3%, is getting ready to lower its estimates...
Titan Sees Lower Sales In FY 2012
Romanian milling and bakery company Titan (MPN.RO) estimates its sales will drop by roughly 5% to 331.6 million lei (EUR76.4 million) in the financial year to end in September, from RON348 m...
Synevo Labs Sees Sales Up To EUR27M In 2012
Synevo Romania, the local medical lab division of Swedish group Medicover, estimates it will post a turnover of EUR27 million this year, up 17% against 2011.
Romanian President Says Economy Grew 2.5% In 2011
Romanian economy grew at an annualized rate of 2.5% in 2011, mostly fueled by higher exports and a good farming harvest, President Traian Basescu estimated Thursday.
Tymbark Expects 15% Growth In 2012
Tymbark Maspex, the largest nectar producer on the Romanian market, expects 15% higher sales in 2012 compared with last year. The projected sales could thus reach 315 million lei (EUR72 mill...
WB Cuts Romania Growth Outlook To 1.5% In 2012
The World Bank has revised downward its forecast on Romanian economic growth to 1.5% in 2012 from 3.7% previously, citing deteriorating external outlook and the country’s increased vulnerabi...
Difficult Year Ahead For Romanian Economy - Coface
Romania faces a difficult economic year in 2012, amid shrinking demand from foreign partners as the euro zone crisis shows no sign of abatement and potential bank deleveraging as European le...
Mobexpert Owner Dan Sucu Sees Market Stabilizing This Year
Dan Sucu, the owner of Mobexpert, the largest Romanian furniture business, says his best-case scenario projects growth of 12% this year. In 2011, the group sales rose 3%, in line with initia...
ING: Pre-Election Spending To Mitigate Romanian GDP Drop In 1H
Romania might be able to fend off some of the external pressure following the economic downturn in the euro zone in the first half of 2012, aided by pre-election spending, but the boost will...