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BCR Sees EUR120M Pretax Profit In 2012
Romania’s largest lender by assets Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG, estimates a pretax profit of 516 million lei (EUR120 million) in 2012, people in the...
HSBC: Romanian Economy Will Overtake Norwegian One By 2050
Romania’s economic growth over the next 40 years will be comparable to that of Brazil, Russia or Turkey, according to a research of HSBC, one of the largest banks in Europe. So, in 2050 the...
Top 20 Events To Follow In 2012
Ziarul Financiar suggests a list of 20 key events of the year that has just begun, from bourse listings and car launches to the opening of highways and sports competitions. 2012 will not see...
First 2012 Corporate Budgets Show Growth Forecasts
Many entrepreneurs describe 2012 as a year of many unknowns, when both the situation on the European markets and the domestic measures will influence the performance of the Romanian economy....
IN FOCUS: Bad Year For Bucharest Bourse, Recovery Might Be Distant
The Bucharest bourse returned this year to the level seen in the final quarter of 2009, once again influenced by foreign markets, but brokers expect a comeback in the second half of 2012, as...
Alro Ups 2011 Net Profit Forecast To $76M
Romanian aluminum maker Alro Slatina (ALR.RO) revised its budget for 2011 as it now expects a net profit of $76 million, up 19% from the initially seen $64 million, despite buying electricit...
ANRE Sees Romania’s Electricity Consumption Up 5% In 2012
Romania’s final consumption of electricity is expected to increase by 5% in 2012, to 48.95 million MWh, according to data from energy regulator ANRE.
DTZ: Romania To See Realty Transactions Worth EUR550M In 2012
The overall value of real estate transactions with grow by up to 10% next year, to EUR500-550 million, as banks liquidate non-performing assets, according to data supplied by realty company...
Meda Keeps Sales Steady But Profit Drops
Meda Prod 98, one of the top 20 cold cuts producers in Romania set 101 million lei (EUR23.4 million) as its revenue target in 2011, the same as last year. Costs will increase, though, bringi...