The situation is even worse in annual terms, with agriculture the only sector that managed to register positive results. On average, gross domestic product (GDP) fell by an annual 7.4 percent in the first nine months of this year. The annual decline was 7.1 percent in the third quarter, and data provided by Eurostat indicates ...
Romania’s decline is sharper than the European Union average, which was 16.4 percent in September 2009. Industrial exports grew in September, according to a monthly report by the National Bank of Romania, due to foreign demand.
Romania’s trade deficit narrowed by 58.5 percent in September compared to the corresponding month in 2008, to €1.055 billion. This decline is due to the fact that imports dropped more than twice as fast as exports. Computed in euro, imports fell 34 percent in September, to nearly €3.65 bln, while exports dropped 13.1 percent, to ...
Malta was the only member state which posted higher prices in industrial production in September, in annual terms, of 0.7 percent. The most significant year‑on‑year price decline was registered in the Netherlands, of 13.4 percent.
Even if this figure is only about half of that registered last year, Romania’s situation is better than that of other countries in the region. The top ten capital increases in the first eight months of this year gathered €815 million, according to the National Trade Register Office (ONRC). The capital increase made by the ...
For some time now, President Traian Băsescu said that he was only interested in energy consumption, which is meant to indicate when this industry will rebound. This is just one of the indexes that can reveal what is happening in the Romanian economy. Cement consumption shows what we can expect in the construction sector. Beer ...
