The Romanian budget deficit stood at 3 per cent of GDP last year (RON 17.423 bln), down from 5.6 per cent of GDP in 2011 (RON 30.901 bln), 6.8 per cent of GDP in 2010 (RON 35.552 bln) and 9 per cent of GDP in 2009 (RON 45.249 bln), show revised figures made public yesterday by the European Statistics Office (Eurostat).
EC approved the new politics regarding EU’s transportation infrastructure for 2014-2020, two of the new main European corridors crossing Romania, where several projects could receive financing, such as the railway Arad-Brasov-Bucharest-Constanta and Constanta harbor.
The Romanian subsidiary of KLG Europe, an integrator of transport and logistics services based in the Netherlands, plans to double its warehousing capacities in Romania next year, in a move designed to accommodate higher demand on the local market.
The company MHS Truck&Bus, the importer of MAN trucks and MAN and Otokar buses on the local market opened last week a new centre in Bacău, following EUR 4.5 million ivestment.
In a report published, recently, Moody’s Investors Service says that Romania’s Baa3 government bond rating incorporates the fiscal consolidation achieved over the last two years, but remains constrained by the economy’s subdued recent growth performance and outlook.
The Green Vision Seven company, indirectly controlled by the Chinese provider of photovoltaic panels Hareon, will make operational in the Brasov County, until the end of this year, a solar farm with the power of 82 MW, which will be the biggest unit of this type in Romania, depending on the installed capacity.
The real estate valuation market in Romania will reach EUR 18 million in 2013, the same value as last year, according to Activ Property Services, partner Cushman & Wakefield.
Romania in August 2013, compared with August 2012, had the second largest increase of construction works volume in the European Union, 8.9 percent, being outrun only by Hungary, where the construction works registered an annual growth of 14.6 per cent, as show the data presented by the European Office for Statistics (Eurostat).
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