growth
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Romania Central Banker Explains Why Companies’ Losses Hinder Economic Growth
The losses amassed by companies in Romania hinder the country’s economic growth, according to an analysis by central bank deputy governor Florin Georgescu.
Arctic Finds Growth Outside European Union
Home appliances manufacturer Arctic increased exports by 25% last year and its best markets were Iraq, South Africa, Turkey and Ukraine.
Jidvei Relies On Expensive Wines For Growth
Jidvei, one of the largest wine producers in Romania, is focusing on the premium and superpremium wine segment, which local players are only now starting to tap into.
Omniasig Targets Corporate Clients, Sees Insurance Market Up 3-5% This Year
Omniasig, the largest insurer in Romania, controlled by Austria’s Vienna Insurance Group (VIG), has budgeted a one-digit turnover increase for this year. The company plans to narrow down its...
Insurers Moderately Optimistic, See Single-Digit Growth In 2013
The insurance industry could grow this year but do it at a slow pace, as few insurers see double-digit growth. Most of them, however, do expect growth to return to this market in 2013 after...
After No Growth In 2012, An Economic Rebound Next Year Is Seen Modest In The Absence Of EU Funds, FDI
Economic analysts anticipate the economy will grow in 2013, with estimates for an increase of the gross domestic product ranging between 0.5% and 2.2% after the Romanian economy returned to...
Ostahie: Altex Sales Will Rise Over 20% In 2012
Dan Ostahie, owner of electronics and household appliances retailer Altex, believes physical stores will remain the basic pillar of a business in the future, irrespective of how much online...
Romania Needs Industry, Growth Based On Just Agriculture And Tourism Is Ridiculous Idea
Business people want to be optimistic about next year in terms of the evolution of the economy and of businesses, but they are waiting to see what measures the new government will take to im...
Analysts’ Gloomy Forecasts Point To Only 1.2% GDP Growth For Romania In 2013
Bank analysts expect Romania’s economy to grow 1.2% on average in 2013 after a mere 0.5% rise in 2012, a pessimistic forecast compared with foreign institutions’ estimates.