Economics

The
foreign investors have bought around 1 million hectares over the last
7 years and they are expected to massively increase the farmland
acquisitions once the land market liberalization comes into force in
January 2014.
The
Romania's cereal production has doubled since 2007 confirming the
great potential of local agriculture. And this potential, along with
cheaper land prices compared with the rest of EU are attractive for
international investors who have great financial power....more »

The
sale of the Romanian unit of the largest Portuguese bank listed on
the stock is included in the BCP's restructuring plan. “The
plan foresees the sale of BCP’s operation in Romania in the
mid-term, as well as the sale of the bank’s shareholding in Piraeus
Bank, acquired as part of the sale of Millennium Bank Greece,” BCP
said in a statement....more »

Following a development stage of more than four years and a construction
phase of approx. one year, VERBUND, Austria's leading electricity
company, is putting into operation one of the largest on-shore wind
farms of Europe, located near the Romanian Black Sea coast. Roughly one
half of the 225 MW wind farm has been connected to the grid, further
wind farms are to follow until the beginning of 2014. The investment
volume is approx. € 380 million. A further expansion stage to 280 MW is
planned until 2016. "Wind power is the ideal addition to our generation
focus of hydropower, and Romania offers good overall conditions for our
investment," says CEO Wolfgang Anzengruber on the occasion of the
festive opening in Bucharest. ...more »

Romania will have again, starting 2014, a cereal stock exchange, which will be based in Corabia, Olt County.The
project is included in the Regional Operational Program and is running
in a partnership with the Romanian Commodities Exchange (BRM).Trading
will be most likely made through forward contracts (it means that the
shipping date is prior agreed, as well as the payment due date)....more »

Romania ranks 5th in Europe in production of oil and gas after Norway,
Great Britain, The Netherlands and Denmark according to Vasile Iuga,
Managing Partner at PriceWaterhouse Coopers (PwC), South-Eastern Europe.The
oil and gas produced in Romania amounted to 102 million BOE (Barrel of
Oil Equivalent) last year, while Norway, the major European producer,
drew 1.3 billion, followed by Great Britain – 583 million BOE, The
Netherlands – 520 million BOE and Denmark – 114 million BOE.At the same time, Romania's dependence on imports is 25%, below the European average which is 50%....more »

Romania is ranked 45 among the World's freest economies, scoring 7.32
points out of 10, six places up over 2012 in a top carried out by
Canadian research institute, Fraser.According to the 'Economic
Freedom of the World: 2013' annual report, the World's freest economies
are: Hong Kong, Singapore, New Zealand, Switzerland, United Arab
Emirates, Mauritius, Finland, Bahrain, Canada and Australia. On the
other side there are Venezuela, Myanmar, Republic of Congo, Zimbabwe and
Chad....more »

Romania registered the largest increase in production in the
construction sector in Eu in July 2013 on June 2013. EUROSTAT reports an
increase of 8,6% in Romania, while in EU there was an increase of only
0,7% and of 0,3% in euro area.Among the EU Member States, production in construction rose in nine, fell four and remained stable in The Netherlands...more »

Timisoara
Airport wants to build an intermodal terminal to ensure a connection
between airport and transportation in order to possibly increase the
number of passengers. The new terminal might bring 2 million more
passengers according to the estimates Daniel Idolu, General Director at ‘Traian Vuia’ International Airport announced. ‘We
consider building an intermodal terminal in Timisoara so that the
transfer between aircraft and transportation is faster, to have an
integrated system and merchants to provide tickets for public
transportation. ...more »

Despite the economic crisis, the Romanian automotive industry
turnover has continuously increased up to EUR13,27 billion in 2012, EUR3
billion more than 2010.
Almost 70% of this amount was generated by the auto parts manufacturers – more than 600 companies in the field....more »

Dacia plant became an important target for investors in the automotive supply field due to the EUR2 billion Renault Group invested in Romania.'There are 648 suppliers of parts for
series production, 248 suppliers of aftermarket parts and another 108
companies working with Renault Romanian branch. We aim to give our
suppliers the opportunity to develop. We are aware that it means
spending money, but it will prove to be worth the effort. Dacia is now
looking for plastic parts suppliers, powertrain foundry suppliers,
aluminum wheels, steering columns and aluminum recyclers suppliers....more »
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