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Articles - economic crisis

Fitch reconfirms Romania rating, keeps investment grade, revises economic outlook

Fitch has confirmed the rating on Romania’s non-Governmental debt on the long – term, to BBB- for foreign currency and to BBB for local currency. It kept Romania in the investment grade, but revised downwards the economic growth prognosis for this year, from 2.8% to 2.2%.

Romania H1 net investments in economy down 9.1 pct

Romanian first-half net investments fell 9.1 percent to RON 25.18 billion (EUR5.71 billion) from the year-earlier period, on declining activity in construction and machinery and equipment, the country’s statistics institute INS said Wednesday.

Romania reenters technical recession. Biggest Q2 GDP contraction in EU

Romania has re-entered technical recession after experiencing two consecutive quarters of GDP contraction. Romania showed a surprise quarterly contraction while year-on-year growth slowed sharply to 1.2 percent from 3.9 percent in the first quarter.

The German investors think the economic situation is not good but 83% would invest again in Romania

Only 7% of the German companies in Romania appreciate the economic situation of the country is good but 83% of the above would choose the Romanian market for investments. 58% expect a growth of the turnover and 45% intend to hire new people.

Number of companies with foreign shareholding goes up to almost 200,000 on June 30, 2014

The number of companies with foreign shareholding went up to 195,539 on June 30, 2014, as against 192,416 such units on December 31, 2013, according to data centralised by the National Office of the Trade Register (ONRC).

The managers of companies estimate growth for all sectors in July – September

The managers of the companies estimate for July – September growth in the retail sector and moderate advance for the manufacturing industry, constructions and services, by comparison to the three previous months, according to the indicator ‘short term’ of INS.

GfK study: Romania to post 4.3 pct retail growth this year

Romania is estimated to report a 4.3 percent increase of retail sales this year, one of the highest in Europe, according to a report from market research company GfK.

FDI to Romania gains 13.9 percent to EUR 1 bln on five months

The level of foreign direct investments (FDI) to Romania has risen in the first five months of the year by 13.9 percent to EUR 1 billion against the same period of last year, according to the National Bank of Romania (NBR).

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