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Articles - economic crisis

Isarescu: Potential real-estate boom caused by low interest rates

The low interest rates implemented throughout Europe could generate a new wave of investments in land properties and construction projects, many of which are speculative in nature because people who have savings will want a reward for the money they have set aside, BNR governor Mugur Isarescu said in the opening speech for the statistics colloquium.

Romania has the chance to become an emerging market over the next 12-18 months

The representatives of the industry of funds administration, segment of the economy which last year recorded the fastest increase since the beginning of the economic crisis, considered that Romania has big chances to go from the statute of border market to that of emerging market in the next 12- 18 months.

World Bank improves Romania’s economic growth estimates to 2.8 percent this year

The World Bank improved its prognosis for Romania’s economy on Wednesday, and now expects the national GDP to grow by 2.8 percent this year and 3.2 percent in 2015, according to its recently published Global Economic Prospects report.

Romania and Bulgaria, the only EU countries where FDI increased last year

Foreign direct investments (FDI) in 23 nations of Central, Eastern, and Southeastern Europe fell sharply in 2013 and even fell “alarmingly” in Slovakia and Poland, the Vienna Institute for International Economic Studies (WIIW) said in its latest FDI analysis, quoted by globalpost.com.

INS confirms economic growth of 3.8 pc in Q1, 2014

The National Statistics Institute (INS) confirmed the data regarding Romania’s economic growth in the first three months of this year, i.e. 3.8 percent compared to the same period of 2013, and 0.1 percent when compared to the last quarter of 2013, according to figures released Wednesday.

Nielsen: Romania, 5th out of 32 European states for increased trust in economy

Romania recorded in Q1 2014v the fifth big highest increase of the population’s trust in economy out of 32 European states, according to a survey from Nielsen.

IMF: Romania’s economy recovers slower than other countries and should take advantage of opportunities

According to the International Monetary Fund, IMF, Romania’s economy will reach this year the level of GDP from the pre-crisis period, but its recovery is slower than in other states seriously affected by the crisis, with minuses for the absorption of EU funds, infrastructure, state companies but with opportunities in fields like energy and export.

EY: Romania surpasses Hungary and becomes 3rd most attractive CEE market for foreign investors

Romania has surpassed Hungary as the third most attractive country to establish a business in central and Eastern Europe, according to a survey from Ernst & Young. Romania is still below Poland and the Czech Republic, but if it maintains its current rhythm of development, may reach 2nd spot in 2015, writes evz.ro.

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