about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   INFRASTRUCTURE   |   GREEN   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Erste: Romanian GDP to overcome the level of 2008

Romanian GDP might beat the level of 2008, fed by a recovery of domestic demand, while the main risks for decrease could be triggered by a deterioration of consumer trust and an agriculture production under expectations, ERSTE study finds.

2014-04-16 23:36:30

The bank analysts estimate an advance of 3 percent of Romanian GDP in 2014, after a 3.5 percent increase recorded in 2013. The growth pace would easily climb in the next years, to 3.5 percent in 2015 and 3.5 percent in 2016. The Romanian GDP was estimated at EUR 140 billion in 2008.
Recently, risk assessment company Coface has revised its estimate of Romania′s 2014 economic growth upwards from 2.1 pct to 2.3 pct, shows data presented on Wednesday at the Country Risk Conference by Coface chief economist Yves Zlotowski. Last year, the Romanian economy increased by 3.5 percent.

The quality and pace of Romania economic growth depends on infrastructure and the quality of the business environment. Infrastructure is a problem in Romania and as far as governance is concerned, Romania, like Poland, is in a better position than other countries in emerging Europe, but there is room for improvement, said Zlotowski.

Coface performed a series of adjustments to the evolution of Romania′s macroeconomic indicators and considers that the level of non-performing loans is worrying.

Despite a healthy recovery of the Romanian economy, there is a certain fragility in the corporate sector, said Zlotowski. Coface maintained Romania country risk rating at "B", the same as the one given to Bulgaria, Hungary and Croatia.

Coface economic growth estimates are: 2.9 percent for Poland (compared to 1.9 percent in 2013); 1.9 percent for the Czech Republic (as to -1.1 percent in 2013); 1.6 percent for Bulgaria (as to 0.6 percent in 2013). The countries expected to witness the largest growth are Latvia (4.2 percent) and Lithuania (3.4 percent). Coface sees the average GDP growth in emerging Europe at 2.1 percent, similar to that in 2013.



COMMENTS
'.$nr_comm.' comment:
'; } else { echo 'There are '.$nr_comm.' comments:
'; } while ($row = mysqli_fetch_array($result, MYSQLI_ASSOC)) { echo '
'.$row['nume'].": on ".$row['data']."
"; //echo str_replace('\n','
',$row['comentariu']); echo nl2br($row['comentariu']); echo '
'; } ?>

0 Comments  |  6896 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...

 
 
   
advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

2 Comments

Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.

1 Comment

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

1 Comment

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...

Fondul Proprietatea expresses disappointment over Engie listing rejection

Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, accordi...

1 Comment

Europe must become a producer of new technologies, not just a consumer of technologies, says EC

Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General ...

1 Comment

FDI in Romania rises 10 per cent after ten months in 2018

Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romani...

1 Comment