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Banca Transilvania Sees Romania’s Economy Growing 5% In 2021 And 6% In 2022
Macroeconomics

Banca Transilvania Sees Romania’s Economy Growing 5% In 2021 And 6% In 2022

Banca Transilvania has revised its short and medium-term projections for Romania’s economy, expecting the country’s gross domestic product (GDP) to grow by 5% in 2021, productive investments...

Ecaterina Craciun · 24.03.2021 · 14:58 · 1 min
Erste Group Sees Romania’s Economy Growing 4.2% In 2021
Macroeconomics

Erste Group Sees Romania’s Economy Growing 4.2% In 2021

Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estima...

Ecaterina Craciun · 26.02.2021 · 13:35 · 1 min
Romania's Prognosis Commission Lowers 2021 GDP Growth Projection To 4.3%
Macroeconomics

Romania's Prognosis Commission Lowers 2021 GDP Growth Projection To 4.3%

Romania has lowered its economic growth projection for 2021 to 4.3%, from a previous forecast of 4.5%, according to a forecast of the National Strategy and Prognosis Commission.

Ecaterina Craciun · 18.01.2021 · 12:16 · 1 min
BT Analyst: Romania’s GDP May Grow 2.5% In 2020-2022 Due To 6.7% Increase In Productive Investments
Macroeconomics

BT Analyst: Romania’s GDP May Grow 2.5% In 2020-2022 Due To 6.7% Increase In Productive Investments

Romania’s economy may see an annual average growth of 2.5% between 2020 and 2022, backed by a 6.7% increase in productive investments, against the backdrop of a favorable evolution in 2019,...

Ecaterina Craciun · 12.01.2021 · 13:54 · 1 min
Asbis Romania Targets 25% Higher Turnover, Of Over RON212.8M, End-2020
Technology &Telecoms

Asbis Romania Targets 25% Higher Turnover, Of Over RON212.8M, End-2020

ASBIS Romania, the local subsidiary of Cyprus-based IT&C distributor ASBIS, expects a nearly 25% increase in turnover at the end of 2020, up to RON212.8 million ($51.9 million).

Ecaterina Craciun · 09.11.2020 · 14:51 · 1 min
European Commission Sees Romanian Economy Contracting 5.2% In 2020
Macroeconomics

European Commission Sees Romanian Economy Contracting 5.2% In 2020

Romania's economy is expected to contract by 5.2% in 2020, followed by 3.3% growth in 2021 and 3.8% in 2022, according to the European Commission's autumn economic forecast released Thursday...

Ecaterina Craciun · 05.11.2020 · 16:45 · 1 min
CBRE: Online Sales Rate May Double In Next Five Years
Real Estate

CBRE: Online Sales Rate May Double In Next Five Years

Online sales in Romania will continue to grow over the next five years and companies will be relying on more distribution channels, among which the internet.

Ecaterina Craciun · 19.10.2020 · 18:46 · 1 min
IMF Improves Outlook for Romania's GDP Contraction to 4.8%
Macroeconomics

IMF Improves Outlook for Romania's GDP Contraction to 4.8%

The International Monetary Fund estimates Romania's economy will contract by 4.8% this year, a slightly milder contraction compared with the 5% estimated in April, according to the latest Wo...

Oana Gavrila · 13.10.2020 · 16:17 · 1 min
EBRD Revises Down Economic Forecasts, Including For Romania, Amid Continuing Coronavirus Uncertainty
Banks-Insurance

EBRD Revises Down Economic Forecasts, Including For Romania, Amid Continuing Coronavirus Uncertainty

The European Bank for Reconstruction and Development (EBRD) on Thursday anticipated a deeper economic contraction and a milder recovery in 2021 for the emerging economies where it invests, i...

Ecaterina Craciun · 01.10.2020 · 12:22 · 3 min