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Raiffeisen Cuts Romania GDP Growth Forecast To 2.7% In 2012
Austrian financial group Raiffeisen Tuesday revised downward its forecast on Romanian economic growth to 2.7% in 2012, from 3.5% previously, due to the negative effects of the faltering reco...
JP Morgan Revises Romania’s Economic Growth Forecast Down To 1.2%
JP Morgan has significantly cut Romania’s growth estimate for this year, expecting the gross domestic product to increase by just 1.2%, while the bank’s estimate at the beginning of the year...
Transelectrica Sees 2011 Pretax Profit Rising To RON42M
Romanian state-run power grid operator Transelectrica (TEL.RO) has revised upward to 42 million lei (EUR9.8 million) its pretax profit forecast for 2011, from RON25 million previously, the c...
EIU Sees Romania’s Economy Up 1.7% In 2011
Romania is facing some tough austerity measures and its economic growth should reach just 1.7% this year, with expectations of strengthening in 2012, according to a report published Wednesda...
OMV Petrom: Romanian Consumption To Pick Up In 2H
Romanian macroeconomic outlook remains favorable for the second half of 2011, with domestic consumption bound to pick up toward year-end, according to estimates of dominant oil company OMV P...
Isarescu: Romanian Economic Growth Could Top 1.5% In 2011
Romanian economy is likely to grow by more than 1.5% in 2011, fueled by good farm output, central bank governor Mugur Isarescu said Monday.
BNR Cuts 2011 Inflation Forecast To 4.6%
Romania’s central bank (BNR) Monday revised downward its inflation forecast to 4.6% from 5.1%, citing improved economic outlook and “substantial decline” of volatile prices.
Energobit Sees 2011 Sales Up 20% To EUR120M
Romanian engineering group Energobit expects sales to reach EUR120 million this year, up 20% from EUR100 million in 2010, Thursday said Florin Pop, the group’s general manager.
Heat Wave To Spike Soft Drink Sales, But 2010 Seems Hard To Match
The heat advisory issued for this period is good news for at least 20 beverage industry managers, with over EUR1.5 billion sales, given that beer and soft drink sales spike in such contexts.