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BNR chief economist: Romania’s economy can’t grow sustainably by 5 pct yearly based only on monetary, fiscal and wage stimulus

The chief economist of the National Bank of Romania, Valentin Lazea, warns that the Romanian economy needs massive program for structural in order to keep growing by 5 percent yearly on the long run.

“The bad news is that the economy can’t grow sustainably by 5 percent yearly based only on monetary, fiscal and wage […]

October 18th, 2016|Uncategorized|0 Comments

Analysis. Romania, still with no project approved under Juncker’s fund

Although Romania has the chance to finance major infrastructure projects under the EUR 315 billion fund proposed by European Commissioner Jean-Claude Juncker, so far the country has been able to attract only EUR 25 million for projects developed by SMEs.

 Ovidiu Posirca

The whole idea behind Juncker’s initiative, called the European Fund for Strategic Investments, is […]

October 12th, 2016|Uncategorized|0 Comments

INS: Romania’s industry turnover up by 9.3 pct in August y/y

The overall industry turnover (internal and external) in nominal terms grew by 9.3 percent in August compared with the similar period of 2015 and dropped by 4.7 percent compared with the previous month, according to the National Institute of Statistics (INS).

The growth compared with the same period of 2015 was due to the growth […]

October 10th, 2016|Uncategorized|0 Comments

IMF: Romania to post highest economic growth from Europe in 2016 and 2017

The International Monetary Fund (IMF) has revised the growth forecast of the Romanian economy for this year to 5 percent increase from 4.2 percent of GDP, which was forecasted in April, according to the newest report “World Economic Outlook”, published on Tuesday by the international financial institution.

According to the IMF, Romania will register the highest […]

October 5th, 2016|Uncategorized|0 Comments

PM Ciolos: The American investors are interested in Romania

The American investors are interested in Romania, said the prime-minister Dacian Ciolos in a meeting with the representatives of the US business environment.

He didn’t want to give names, but he claimed that some companies want to expand their businesses that they already have on the Romanian territory.

„I have discussed with them about the bureaucracy […]

September 24th, 2016|Uncategorized|0 Comments

Manuel Costescu (InvestRomania): Romania is a regional hub in IT and automotive

Romania is a regional hub in IT, automotive and cars components sector, industries that have found a skilled work force at competitive costs, said on Friday Manuel Costescu, state secretary for Foreign Investments Promotion in the Ministry of Economy, at the forum “China (Xianghstan) – Romania Investment Forum”.

„China is not only a trustworthy partner, but […]

September 23rd, 2016|Uncategorized|0 Comments

Chinese firm plans USD 30 mln plant investment in Brasov for car parts maker

The company Ningbo HuaXiang Electronic Co Ltd from China, which is active in the cars components field, will invest USD 30 million in Brasov, in a new production hall, which will manufacture spare parts and accessories for German Mercedes cars. The investment’s beneficiary is the German-Romanian company Hib Rolem Trim and the project will start […]

September 23rd, 2016|Uncategorized|0 Comments

FDI to Romania up by 19 pct on seven months to EUR 2.34 bln

The foreign companies made direct investments in Romania valued at EUR 2.34 billion in the first seven months of this year, a growth of  18.6 percent compared with the same period of the last year, according to the data of the National Bank of Romania (BNR).

The foreign investments amounted to EUR 1,97 billion in […]

September 14th, 2016|Uncategorized|0 Comments

Analysis. Foreign companies looking to promote vocational training in Romania | What are the challenges

With fewer than 12,000 Romanian students having graduated from a school providing professional training in the 2015-2016 academic year, foreign companies are looking to intensify their efforts to promote the vocational education system in the country.

Ovidiu Posirca

The German, French and Austrian business communities in Romania have been struggling in the past few years to […]

September 13th, 2016|Uncategorized|0 Comments

Romania can be among top 10 EU economies until 2036, says Foreign Investors Council

Romania can increase its economy four times in the next 20 years and to become one of the top 10 economies of the European Union, if it focuses on three key pillars for investment and reform and together with a proper governance framework, according to the Foreign Investors Council (FIC).

The current Romanian growth rate, […]

September 12th, 2016|Uncategorized|0 Comments