Romania will post a GDP growth of 1.5 percent this year, half of the average growth in the EU10, according to the World Bank. Hungary outranks Romania with a GDP growth of 1.7 percent in 2011. Bulgaria will have a 2 percent growth, and the Czech Republic, 2.1 percent, according to the World Bank. The GDP growth forecast for Romania stays between 1.8 to 2.1 percent, according to the World Bank. The lowest GDP growth forecast for 2012 was Hungary’s, of just 0.5 percent, followed by the Czech Republic, with 1 percent. source: Romania Insider [...]
Romanian GDP grows for fourth quarter in a row
Romania’s gross domestic product grew for the fourth quarter in a row between July and September this year, when it was 1.9 percent higher quarter-on-quarter, according to the country’s Statistics Institute. The GDP grew by 4.4 percent compared to the third quarter of 2010. The nine-month growth in GDP was of 2.7 percent compared to the same period of 2010. Romanian president Traian Basescu has recently said he was hoping for a 2.5 percent GDP growth for the last quarter of this year, which would allow Romania to record an overall yearly growth of 2 percent. This was above the number [...]
Real GDP grew by 4.4% yoy in Q3, much faster than expected
According to flash estimates released by the statistical office, real GDP grew by 4.4% yoy and by 1.9% qoq (seasonally adjusted) in Q3. Both growth rates were substantially above market expectations. Second estimation and details on dynamics of GDP components would be available on 6 December. Available data suggest that agriculture had a strong positive contribution both to the annual and to the quarterly GDP growth rates. But available data point also to positive contributions to the quarterly GDP growth rate from all other sectors (industry, construction, and services). On the uses side, we [...]
Romania 3Q GDP Expands At Fastest Pace In EU
The Romanian economy grew at the fastest pace in the European Union in the third quarter of 2011 compared with the previous three months, official data showed Tuesday. source: Ziarul Financiar
Romania 3Q GDP Growth Has Little Effect On Budget Revenue
Romania’s economic growth in the third quarter was mostly driven by farming output, but the low taxation in the agriculture sector makes the increase less noticeable in terms of revenues to the state budget, an official of the Finance Ministry said Tuesday. source: Ziarul Financiar
EBRD: Lower 2012 GDP Growth Forecast Not Limited To Romania
Romania isn’t the only European country which saw its growth forecast reduced for 2012, as many economies will be affected by the worsening situation in the euro area, said Claudia Pendred, country manager for Romania with the European Bank for Reconstruction and Development. source: Ziarul Financiar
EBRD Slashes Romania’s GDP Growth Forecast To 1.1% In 2012
The European Bank for Reconstruction and Development cut the economic growth forecast for Romania, in 2012, by 2.7 percentage points, to 1.1%, citing the high exposure to the Greek economy. source: Ziarul Financiar
Good Industrial Output In August Set To Lift 3Q GDP Growth
Industrial output, one of the leading indicators in the economy, continued to increase in August, at a faster rate than in June and July, which is good news at a time of prevailing pessimism over the debt crisis facing Western European countries, Romania’s main trade partner. source: Ziarul Financiar
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
