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Romania's Economic Forecast Commission Revises 2020 GDP Downturn to 4.2%
Macroeconomics

Romania's Economic Forecast Commission Revises 2020 GDP Downturn to 4.2%

Romania's national strategy and forecast commission has revised its 2020 GDP contraction estimate to 4.2% from a previous projection of 3.8% and sees the economy rebounding with 4.5% GDP gro...

Oana Gavrila · 18.11.2020 · 13:27 · 1 min
OMV Petrom Revises Down Oil Price Assumptions
Companies

OMV Petrom Revises Down Oil Price Assumptions

OMV Petrom, the largest energy company in South-Eastern Europe, has revised its medium and long-term oil and electricity price assumptions leading to net impairments of around RON350 million...

Oana Gavrila · 22.09.2020 · 10:35 · 1 min
Macroeconomics

Raiffeisen Bank Chief Economist Says Govt GDP Growth Forecast Is Overly Optimistic

The Romanian government's economic growth projection of 1.9% of GDP for this year is overly optimistic, Raiffeisen Bank chief economist Ionut Dumitru told Ziarul Financiar.

Oana Gavrila · 16.04.2020 · 16:32 · 1 min
OMV Petrom Sees 21% Drop in Profit in 2020, to RON2.8B
Energy

OMV Petrom Sees 21% Drop in Profit in 2020, to RON2.8B

OMV Petrom (SNP.RO), the biggest company listed on the Bucharest stock market, expects 2020 sales to drop 9% on the year, to RON18 billion, and sees its profit down 21%, to RON2.8 billion, a...

Oana Gavrila · 23.03.2020 · 12:01 · 1 min
CFA Analysts See Leu Falling To 4.86 Vs Euro In Next 12 Months
Macroeconomics

CFA Analysts See Leu Falling To 4.86 Vs Euro In Next 12 Months

The Romanian leu is expected to depreciate to an average of RON4.86 to the euro over the next 12 months, compared to 4.77 per euro currently, while the annual inflation rate is seen falling...

Ecaterina Craciun · 23.12.2019 · 11:15 · 1 min
CFA Analysts See Leu Falling To 4.85 Vs Euro In Next 12 Months
Macroeconomics

CFA Analysts See Leu Falling To 4.85 Vs Euro In Next 12 Months

The Romanian leu is expected to depreciate to an average of RON4.85 to the euro, while the annual inflation rate is seen at 3.60% in the next 12 months, CFA Romania said Tuesday.

Ecaterina Craciun · 26.11.2019 · 11:54 · 1 min
CFA Analysts See Leu Falling to 4.48 vs Euro in Next 12 Months
Analysis

CFA Analysts See Leu Falling to 4.48 vs Euro in Next 12 Months

The Romanian leu is expected depreciate to an average of RON4.84 to the euro in the next 12 months, while the annual inflation rate is seen at 3.82% in October 2020, CFA Romania said Thursda...

Oana Gavrila · 24.10.2019 · 10:54 · 1 min
Raiffeisen Bank: Romanian Leu To Slightly Strengthen Vs. Euro
Capital Market

Raiffeisen Bank: Romanian Leu To Slightly Strengthen Vs. Euro

The Romanian leu will strengthen slightly versus the euro, while the euro will remain stable versus the US dollar, according to Raiffeisen Bank analysts.

Gabriela Stan · 21.03.2017 · 17:20 · 1 min
Romania’s Major Energy Companies Not Too Bullish About 2016
Analysis

Romania’s Major Energy Companies Not Too Bullish About 2016

The largest companies in the oil, natural gas and electricity industry that are either listed on the Bucharest Stock Exchange or aspiring to believe, with a few exceptions, that they will en...

Loredana Frățilă-Cristescu · 11.04.2016 · 10:17 · 2 min