Economics

Romania’s Gross Domestic Product (GDP) increased by 2.9 last year, after a 0.5 percent advance in the last quarter of the year compared to the previous three months, indicates a report released by the National Institute of Statistics (INSSE)....more »

NEPI's
development pipeline, including redevelopments and extensions to
secured acquisitions, has increased to 547 million euro (estimated at
cost), up 42 percent compared to the previous year, 176 million euro
having been spent by 2014 year-en...more »

The
Bucharest Stock Exchange has reported preliminary revenues of about
26.9 million lei, up 10.6 percent compared to 2013 results, while the
related profit advanced by 25.4 percent to 11.9 million, above the
figure projected for 2014.
The
pr...more »

Raiffeisen Bank International plans to consolidate its presence in the Central and Eastern European region by expanding operations in countries, such as Romania, Austria, the Balkans, the Czech Republic, and Slovakia, stated Karl Sevelda, Managing Director of the Bank, reads Mediafax....more »

The Ministry of Transport presented the updated General Transport Master Plan (GTMP) envisaging the transport development strategy until 2030 which requires total investment of more than 48 billion euro. ...more »

Romanian goods exports came to 52.5 billion euro in 2014, up 5.8 percent year-on-year, slightly outpaced by imports which rose by 5.9 percent totaling 58.5 billion euro, according to the preliminary estimations of the National Institute of Statistics (INSSE)....more »

The European Commission has revised upwards the estimations on Romania’s GDP growth expected in 2015 from 2.4 percent to 2.7 percent, according to Winter Economic Forecast....more »

The retail turnover volume expanded by 7 percent last year, stimulated by rising sales of non-food products, food, beverages, tobacco, and fuel, according to a report of the National Institute of Statistics (INSSE) which does not take into consideration the turnover generated by the sales of cars and motorcycles.
During the period under review, the retail turnover had increased successively, mainly triggered by boosting sales of non-food products (+10.6 pct). Revenu...more »

Greentek LED Lighting designed and implemented the intelligent lighting project for the office spaces in AFI Park 2, which became the first building in Romania to be exclusively equipped with such a LED lighting system....more »

Investments in real estate assets, as well as new developments will be extended throughout 2015, too, continuing the tendency observed last year, according to PwC specialists who expect cities like Bucharest, Timisoara and Cluj-Napoca in particular to see intense construction activity....more »
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