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BNR Cuts 2011 Inflation Forecast To 3.3%
Romania's central bank revised down its forecast on the year-end inflation to 3.3% in 2011, from 4.6% previously, governor Mugur Isarescu said Monday.
2012 Targets: 2.2% Economic Growth And Budget Deficit Of 1.9%/GDP
Next year’s economic growth forecast could be set at 2.2% and the budget deficit target at 1.9% of GDP using the Romanian methodology of accounting (cash), according to sources close to the...
How Much Businesspeople Felt The 3% Economic Growth Announced By Basescu For 3Q
The more significant economic growth in the third quarter, estimated at 3%, has been noticed especially by businesspeople working in the agricultural sector, in tourism and in exports, but n...
Third Quarter Macroeconomic Data Restores Analyst Optimism About Full-Year Growth
The better than expected economic growth in the third quarter, which President Traian Basescu puts at 3%, is driving analysts’ estimates for the entire year up towards 2% compared with 1.5%...
Flanco Expects Switch To EUR1m Net Profit By Yearend
Electronics retailer Flanco expects to conclude this year with sales of EUR110 million, up 38% on the year, and a net profit of EUR1 million, Wednesday said the company’s general manager, Ad...
Total Soft Sees ’11 Sales Up 20% On Year, To EUR25M
The sales of IT firm Total Soft may rise by 20%-25% this year, to EUR25 million, while earnings before interest, taxes, depreciation and amortization (EBITDA) may rise by 35% on the year, to...
Romania, IMF Talks On 2012 Budget To Start From 2.3%-2.5% GDP Forecast
The talks between Romanian authorities and the stand-by agreement evaluation mission on the 2012 state budget will start from a forecast for economic growth of 2.3-2.5% and a budget deficit...
BRD Cuts Romanian GDP Growth Forecast To 2.1% In 2012
Romanian lender BRD-Groupe Societe Generale (BRD.RO) Thursday revised downward its forecast on the economic growth to 2.1% in 2012, from 2.8% previously, citing declining contributions from...
Romanian Agriculture Machinery Market Seen Up 10% In ’11, To EUR60M
Romanian agriculture machinery maker Ruris expects the local machinery market to rise by some 10% this year, to some EUR60 million, from EUR54 million in 2010.