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EBRD: Lower 2012 GDP Growth Forecast Not Limited To Romania
Romania isn’t the only European country which saw its growth forecast reduced for 2012, as many economies will be affected by the worsening situation in the euro area, said Claudia Pendred,...
Orkla Foods Romania Sees 5% Rise In 2011 Sales
Consumer goods producer Orkla Foods Romania Wednesday estimated its 2011 sales will grow by 5% on the year to EUR30.4 million, following good nine-month results.
Romtelecom: Romanian Telecom Market To Continue Growing On Long-Term
Romania's telecom market will continue growing on the medium- and long-term because communication is a basic need, and the Internet will be the main vector of development, said Stefanos Theo...
Romanian Power Company Oltenia Expected To Generate EUR1B In Revenue
Romania’s planned power company Complexul Energetic Oltenia is likely to generate around EUR1 billion in annual revenue, according to estimates of the Economy Ministry.
Volksbank Expects EUR900M Loss In 2011, On Book Value Write-Downs At Austria, Romania Units
The Volksbank group, Austria’s fourth-largest bank, Friday announced a series of reorganization measures, and expectations of a EUR900 million loss this year, caused mainly by write-downs on...
Mission-Impossible For 2012: Deficit Control In The Absence Of EU Funds
There are about three weeks left until government needs to send next year’s budget to the Parliament, but the Finance Ministry still does not know what macroeconomic indicators to use in 201...
Capital Partners Sees Romania's M&A Market Flat At EUR300M In 2011
Romanian mergers and acquisitions market is likely to stagnate at around EUR300 million-EUR320 million in 2011, despite a 20% annual increase in the first half of the year, investment-bankin...
Romania Bound To Revise 2012 GDP Growth Estimate - Deputy Finmin
Romanian authorities are very likely to revise their economic growth forecast for 2012, factoring in the developments in the European Union countries, an official of the Finance Ministry sai...
Boc: Romania To Set 2012 GDP Growth Target In October, In Talks With IMF
Romania's economic growth forecast, used in drafting the state budget for next year, will be determined by the Government in October, through consultations with the International Monetary Fu...