The National Prognosis Commission (CNP) has revised up to 3.6 percent the projection on the Gross Domestic Product (GDP)'s growth for this year and maintained to 4.1 percent its estimate on the economic growth in 2016, according to the fall's variant of average term prognosis 2015 - 2019. In the preliminary fall variant, published in September, the institution was forecasting an increase of the GDP by 3.4 percent for 2015 and of 4.1 percent for 2016. This spring, the CNP prognoses were indicating an economic growth of 3.3 percent for 2015 and 3.4 percent for 2016. The nominal GDP is estimated at 704.5 billion lei in 2015 and at 746.6 billion lei in 2016. The most significant contribution to the GDP's real increment this year will be given by the services (2.2 percent), followed by the industry (0.7 percent). The domestic demand will be up by 4.6 percent, in 2015, as against 2.6 percent in 2014, and for 2016 a growth by 4.7 percent is estimated. The gross fixed capital formation (investments) is expected to go up by 7.6 percent this year and by up 6.2 percent in 2016, similar to September estimates. The economic growth will stay put in the next years, for 2017 being estimated a GDP advance of 4.2 percent, in 2018 - 4.5 percent, and in 2019 - 4.7 percent. The state budget for the next year is based on a 4.1pct economic growth, according to data by the Public Finances Ministry as presented on November 18. The DGP is estimated at 746.6 billion lei. In 2014, the Romanian economy has increased by 2.8 percent.
The real estate developer Nusco Imobiliara, which is developing a major real estate project in the northern part of Bucharest in the Pipera neighborhood, estimated to eventually involve nearly EUR 1 billion investments, announced plans to issue bonds in the amount of EUR 5 mln to be further listed at the Bucharest Stock Exchange. The […]
Two other companies of the Romanian real estate development group Nordis declared insolvency at the request of their owners on November 18, amid a scandal involving the whole group that allegedly sold multiple times its apartments in a fraudulent scheme with a political side given the group owners' alleged ties with the Social Democratic Party […]
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
