Articles - economy

Investments to be Romania’s main economic propeller in 2016, says EY

Both EU funding and private investments are expected to be the main forces behind Romania’s economic increase for the next year, according to EY’s December Eurozone Forecast.

4.1 pct growth for Bucharest economy, forecasts National Prognosis Commission

Bucharest economy will grow by 4.1 percent next year, at the same rate as the national average, National Prognosis Commission (CNP) estimates show. GDP per capita will exceed EUR 22,300, which is EUR 1,400 above 2015 values and more than two times the average of Timis county, the second highest in the country.

Over 60 pct of Romanian executives expect positive economic development for 2016

With most CEE companies casting an optimistic eye to next year’s economic situation, Romanian executives are among the most enthusiastic, as 63 percent of the respondents expect an improvement of the economic situation in 2016, according to the results of the KPMG survey “Pulse of Economy 2015”.

Moody’s changes outlook on Romania’s Baa3 ratings from stable to positive

Moody’s has changed the outlook on Romania’s Baa3 government ratings from stable to positive. The agency has also affirmed Romania’s Baa3/P-3 ratings.

Analysis: The Bucharest-Ilfov region is the most developed of Romania

The Bucharest-Ilfov region is the most developed of Romania, with a Gross Domestic Product on inhabitant worth 131 pct of the European average, which means that Bucharest is above other European capital cities, such as Athens (98 pct), Madrid (128 pct), Berlin (113 pct) or Budapest (108 pct), an analysis sent by Friedrich-Ebert-Stiftung Romania says on Wednesday.