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Prognosis Commission Ups Romania's 2011 GDP Forecast To 1.7%
Romania’s prognosis commission CNP Tuesday revised upward its economic growth forecast to 1.7% in 2011, from 1.5% previously, saying it expects a positive contribution from farming output.
Romet Group Expects 10% Higher Sales In 2011
Romanian group Romet Buzau expects sales to rise 10%-15% on the year in 2011, from EUR274 million last year, based on the evolution of its main segments of activity, namely environment, ener...
Analysts Adjust 2012 GDP Forecasts Towards 2%-3%
The National Forecast Commission (CNP) will most likely present the new forecasts for macroeconomic indicators next week, with data sent yesterday by the European Commission on Eurozone coun...
Luxury Furniture Sales Rebound
Luxury furniture vendors are talking about a rebound in demand in the first half of the year, and hope it will continue into the coming months, despite financial markets turmoil.
Exports Slow Down In July, 2012 Prospects Worsen
Exports continued to slow down in July and, although Romania is for now keeping its economic growth forecast of 1.5%, signals have appeared that problems will worsen next year, given the int...
BCR Revises Romanian GDP Growth Forecast To 1.4% In 2011, 2.9% in 2012
Romanian bank BCR has revised its economic growth forecast for this year and the next, downward to 1.4% and 2.9%, respectively, below government and IMF projections, because of the high risk...
Romania's 2012 GDP Growth Forecast Might Be Revised To 2.5%, From 3.5-4%
Romania's estimate for economic growth in 2012 might have to be significantly revised downward, to 2.5% from the current 3.5-4%, given the international context and the weaker "traction" of...
Aerotravel: Fear Of New Crisis Dented Sales, After 25% Increase In 1H
Antonio Nitu, general manager of travel agency Aerotravel Lufthansa City, owned by Mihai David, said the company’s sales rose by 25% in the first half, above expectations, but on the rumors...
Siveco Expects 15% Growth In 2011
Siveco, the largest software company in Romania, with a turnover of EUR60 million in 2010, intends to increase exports, so that half of its sales to be made abroad in a few years’ time.