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Articles - economic crisis

WB: 2.5-3 pc economic growth for Romania in 2014, even higher

The macroeconomic situation will continue to consolidate in the context of the program with IMF and EU, Elisabetta Capannelli, Country Manager for Romania at WB.

Erste :The Romanian economy could surpass this year the level of 2008 for the first time

The GDP of Romania could surpass for the first time this year the level of 2008, supported by a coming back of the domestic demand, while the main risks could deteriorate the trust of the consumers and an agricultural production under the expectations, estimate the Erste analysts.

A first: Romania meets all criteria to join Eurozone

Romania admission to the European Union and the changes incurred by this process “irreversibly contributed to consolidating the reform processes, contributed to a society modernization, essentially contributed to the economic development” – this was the main idea expressed during the conference organised in Bucharest “Ten years later…,” held by the European Commission Representation.

Romania, second in insolvencies rates in CEE at active companies

Considering the number of new insolvencies opened during 2013 in CEE countries, Romania has the second highest rate of insolvencies compared to the number of active companies, 6.44 percent, according to a recently Coface CEE Insolvency Report 2013.

Romania inflation down to new record low of 1.04 pct in March

Romania’s inflation dropped to a new record low in March, figures from the National Institute of Statistics showed Thursday. Inflation, based on the consumer price index, fell to 1.04 percent from 1.05 percent in February. On a monthly basis, prices rose 0.03 percent.

Coface improves estimates regarding Romania’s economic growth in 2014

Coface improved the estimates regarding Romania’s economic growth for this year, up from 2.1 percent to 2.3 percent, according to data presented at the Country Risk Conference.

FT: Bucharest heads for recovery quicker than its neighbours

Financial Times covers the rise of popularity Bucharest and Romania are currently enjoying in the eyes of investors and real estate developers, as opposed to other destinations that are losing their economic appeal.

Erste improves economic forecast for Romania from 2.3 pct to 3 pct GDP growth

Erste Group Research improved its estimates regarding Romania’s economical growth, from 2.3 to 3 percent in 2014, as a result of higher-than-expected results in retail. On the other hand, the Worldbank also improved prospects for Romania’s economy, but only up to 2.5 percet.

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