FP administrator: Romania's economic prospects are encouraging

Data pubblicazione: Jan 23, 2013 9:43:0 AM

Romania stands in a good position at the moment to exceed the average figure of economic growth in the European Union in 2013, believes Greg Konieczny, Proprietatea Fund administrator and executive vice-chairman of Templeton Emerging Markets Group. business in Romania 'Romania's economic prospects are encouraging, as the country has reported significant progress over the past few years. ... Unfortunately, the general feeling among the public regarding the economy is still negative, despite the relaunch started in 2011 which continued in 2012,' said the FP official in a release sent on Monday.Company formation / Incorporation romania The figures clearly show that the country's macroeconomic situation is quite solid, said Konieczny. Romania has a low public debt (33.3 percent of the GDP), compared to the Czech Republic (41.2 percent), Poland (56.3 percent) or Hungary (80.6 percent) and much below the average figure of 82.5 percent in the EU. The country also has substantial foreign currency reserves and managed to keep the budget deficit and the current account deficit under control.Business Startup romania oradea The solid foundation is also reflected by the credit default swaps market where Romania's spread was only 190 on January 21, 2013 compared to 383 for Portugal, 276 for Hungary, 251 for Spain or 228 for Italy. Romania also has an advantage over the similar countries in the region due to the relatively low taxation.Industrial units, Warehouses, factories for sale romania 'Considering these data, we expect a positive change in the economic evolution of the country over the next 12 months. Over the past two years, the economy was mainly boosted by exports (although the increase in this area slowed down in 2012 due to the issues in the Euro Area), and by the industrial production. However, these factors cannot support economy in 2013 any longer and and should be replaced by local consumption and investments. I have already seen a relaunch of consumption in 2012 compared to the very low levels which followed the austerity measures in 2009 and 2010. This relaunch should be supported by wage increases (also by the recent pay hikes in the public sector), as well as by a low level of unemployment (7.3 percent at the end of the third quarter of 2012) which should be reflected in a higher expectation of financial markets,' said the FP administrator.real estate agency in Oradea As for investments, they should be fuelled by a higher absorption of the EU money, as more public tenders to build motorways and railways are successfully concluded, in accordance with the EU standards.Bookkeeping and accounting services oradea romania