about us | newsletter | contact | archive | members area
Tibor Pandi, Citi Romania
"The Government crowds out the employment market"»
  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  |  2463 Views
Daily Info
Bonds of Globalworth will start trading on Bucharest Stock Exchange on July 31

Bucharest Stock Exchange (BVB) informs that the bonds of Globalworth will start trading on the main market on July 31, 2017, and are defined by the following: 5,500 bonds, nom...

OTP Bank Romania to take over Banca Romaneasca from National Bank of Greece

The National Bank of Greece signed an agreement with OTP Bank Romania on the sale of its equity holding of 99.28 per cent in Banca Romaneasca. The transaction involves the sha...

The healthcare system must be a priority, FIC says

Health is now a priority for Romanian authorities and the total spending on healthcare has grown significantly over the last four years (although it is still the lowest propor...

CET Govora reached 30 million RON profit in H1 2017

Heat and electricity producer CET Govora registered a net profit of 30.6 million RON in the first six months of 2017, compared to a net loss of five million RON in the same pe...

E van Wijk agrees new lease at P3 Bucharest park

Pan-European logistics property investor-developer P3 has signed a deal with Logistic E van Wijk, provider of integrated transport and logistics services, to lease 10,180 sqm ...

 
 
   
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...

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...

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...

Chinese delegation seeks investment opportunities in Romania

Prime Minister Mihai Tudose discussed at the Victoria Governmental Palace on Thursday about the opportunities to invest in Romania with an official delegation of the People...

BVB second place in the region by number of IPOs in H1 2017

Bucharest Stock Exchange (BVB) is the second market in Central and Eastern Europe where initial public offers (IPOs) were successfully concluded in the second quarter of th...

EU bank supports expansion of Regina Maria private healthcare network in Romania

The European Investment Bank (EIB) is lending 15 million Euro to support the expansion of a private healthcare network in Romania, a press release shows. This agreement is ...