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Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast
Macroeconomics

Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast

Romania’s Finance Ministry is getting ready to redo next year’s budget draft after the International Monetary Fund has announced the halving of the economic growth forecast to about 2%, and...

Claudia Medrega · 03.10.2011 · 01:12 · 4 min
Macroeconomics

Can A VAT Cut Be Considered When Drafting The 2012 Budget?

The first discussions on the draft budget for 2012 bring about the first scenarios. The Government is due to send the draft budget for 2012 to Parliament by October 15th, at a time when econ...

Iulian Anghel · 27.09.2011 · 00:00 · 2 min
Carlig, Jolidon: Exports Will Bring Us 30% Growth
Retail&Consumer

Carlig, Jolidon: Exports Will Bring Us 30% Growth

Underwear manufacturer Jolidon is aiming to return to profit and decided to close down all non-performing stores, while it is also seeking new better positioned locations with lower rents.

Cristina Roșca · 19.09.2011 · 00:00 · 2 min
Analysts Adjust 2012 GDP Forecasts Towards 2%-3%
Macroeconomics

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...

Claudia Medrega · 16.09.2011 · 00:00 · 2 min
Macroeconomics

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...

Radu Bostan · 10.09.2011 · 16:21 · 1 min
Macroeconomics

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...

Radu Bostan · 10.09.2011 · 14:06 · 1 min
Companies

International Deliveries Help DHL Achieve 8% Growth In H1

DHL International, the market leader on the international delivery services segment, saw its revenue go up by 8% in the first half of this year, partly because its 2,000 corporate clients’ i...

Mirabela Tiron · 31.08.2011 · 00:00 · 2 min
Retail&Consumer

Beer Sales Resume Growth, Climb 0.9% In 1H

Beer sales resumed growth in the first six months of this year, up 0.9% compared to 2010, after a tentative start to the year, reveals a ZF analysis based on data provided by the National St...

Ioana David · 26.08.2011 · 00:00 · 1 min
JP Morgan Revises Romania’s Economic Growth Forecast Down To 1.2%
Macroeconomics

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...

Claudia Medrega · 22.08.2011 · 00:17 · 2 min