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Articles - business environment

Coface improves estimates regarding Romania’s economic growth in 2014

Coface improved the estimates regarding Romania’s economic growth for this year, up from 2.1 percent to 2.3 percent, according to data presented at the Country Risk Conference.

FT: Bucharest heads for recovery quicker than its neighbours

Financial Times covers the rise of popularity Bucharest and Romania are currently enjoying in the eyes of investors and real estate developers, as opposed to other destinations that are losing their economic appeal.

Erste improves economic forecast for Romania from 2.3 pct to 3 pct GDP growth

Erste Group Research improved its estimates regarding Romania’s economical growth, from 2.3 to 3 percent in 2014, as a result of higher-than-expected results in retail. On the other hand, the Worldbank also improved prospects for Romania’s economy, but only up to 2.5 percet.

The Romanian economy expanded even faster than original estimates in Q4 2013

Romania’s economy grew slightly faster than previously thought in the fourth quarter of last year, reflecting improved consumer spending and better contributions from constructions and retail, revised figures from the statistics institute INS showed Wednesday.

Cluj Innovation City, a EUR 300mln project of Cluj IT Cluster, kicks off with consultancy selection process

The Cluj Innovation City urban development program, one of the main projects of the Cluj IT Cluster, will be selecting the consultancy in charge with carrying out the pre-feasibility study.

JLL Romania: A new real estate cycle is beginning

After Romania experienced the end of a 10-year real estate cycle last year, a new one is about to start, thinks Attila Peli, the head of development & land at JLL Romania.

Oxford Analytica: Improving fundamentals may attract investorsFriday, March 21, 2014

Romania's year-on-year inflation rate held steady at 1.3% in February, Eurostat announced yesterday. This is higher than the EU average, but represents a marked improvement for Romania, which is also experiencing a buoyant and increasingly domestically driven recovery, in the fourth quarter of 2013 achieving the fastest year-on-year growth rate in the EU, shows an analysis made by the consulting and global analyses company Oxford Analytica.

Ten counties of Romania have 70% of the business and 80% of the employees

The companies registered in Bucharest generate 35% of the turnover of the companies in Romania and add 32% of the total number of employees in the business environment.

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