about us | newsletter | contact | archive | members area
Ilinca Paun, Colliers International
"Romania has become one of the prime locations for IT or BPO/SSC companies to set up sho»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

IMF releases conclusions on economic growth and gas market liberalization in Romania

The International Monetary Fund (IMF) estimates for 2014 a 2.2 percent economic growth for Romania, after an advance of 2.8 percent registered last year, head of the IMF mission in Romania Andrea Schaechter told a press conference at the end of the visit to Bucharest and quoted by national newswire Agerpres.

2014-02-05 13:17:44

For 2013, we estimate a 2.8 percent increase in the GDP, the highest economic growth since the beginning of the crisis, she said, mentioning the good agricultural year and exports among the factors having determined this growth.

This year Romanian economy will grow 2.2 percent, Andrea Schaechter added.
It is a lower economic growth than last year, but there will also be other sectors besides agriculture that will play an important role. We are optimistic that new jobs will be created, Schaechter pointed out.

Also, the official stated within the press conference that Romania has fulfilled its commitments concerning the deregulation. As regards the electricity, the market has been already deregulated since January 1 for non-household consumers, as planned. For the natural gas, the deregulation will be completed in July, earlier than previously estimated.

According to calendars agreed by the Romanian Government and the IMF in 2012, the electricity market has been fully liberalized on January 1, 2014 for industrial consumers, and for the households the liberalization will be achieved on December 31, 2017.
\
The original schedule for the deregulation of gas had set liberalization for industrial consumers on December 31, 2014; this term has been advanced to July 1, 2014. For the households, prices will be completely liberalized on December 31, 2018.

The measures taken by the Government to protect vulnerable consumers have also met the expectations, the head of the IMF mission added.

As regards the listings on the stock market expected this year, namely Hidroelectrica, Electrica, and Oltenia Energy Complex, Schaechter mentioned that the preparations are in progress as planned.
The main purpose of these listings is to provide financing, openness and transparency, she said.
Asked whether the summer of 2015 is the right time for listing the three state-owned companies, Schaechter pointed out that from then on, analysts will consider these companies differently, and she gave the example of the successful listing of Romgaz in autumn 2013.

The Romanian energy sector is a strategic one, and it represents a way of attracting foreign investments, the IMF official also mentioned.

She added that Romanian authorities have presented to the IMF the plans for the reorganization of energy producers as companies with mixed resources, not single ones like so far.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2491 Views
Daily Info
Corneliu Bodea was reappointed as president of Romanian Energy Center

Corneliu Bodea was reappointed as president of Romanian Energy Center (CRE) with 244 votes, being the only candidate. His new mandate will last until September 2020.

Zacaria develops the first private industrial park in Craiova

The construction works on the new business park in Craiova are ongoing and the first 10,000 sqm of industrial space will be delivered by the end of the year, the Romanian real...

FIC: High growth without infrastructure is not possible in the long run

The Foreign Investors Council (FIC) believes infrastructure is key for Romania's future development and it is also one of the three pillars Romania must focus on if it is to b...

Superbet bonds start trading on Bucharest Stock Exchange

Corporate bonds of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by B...

Michele Abbate was appointed as new CEO of Enel Energy and Enel Energy Muntenia

Michele Abbate is the new CEO of Enel Energy and Enel Energy Muntenia, the two companies owned by the Enel group in Romania.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment...

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts a...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minist...

Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minist...

New law on ports administration would be very damaging for Romanian state budget, Fondul Proprietatea says

Fondul Proprietatea is concerned by the renewed steps to approve the draft law amending the Government Ordinance on ports administration, which was re-examined and approved...

EIB lends one billion euro to Romania for transport infrastructure projects

The European Investment Bank (EIB) is lending one billion Euro to co-finance with European Structural and Investment Funds priority transport infrastructure projects totall...

Romania's sovereign fund to be launched in 2018

Romania's first sovereign fund for development and investments (FSDI) will be available starting January 1, 2018 and it will finance the developments of infrastructure alon...