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Romania sees further economic growth
Romania's gross domestic product (GDP) went up by 8.2 per cent during the first quarter of the year, new figures have revealed.
Data from Eurostat also showed that the average rate of economic growth in the European Union (EU) is 2.5 per cent, reports BalkanInsight.com.
This means that the increase in Romania's GDP was more than three times higher than the EU average.
In addition, the figures also show that the rate of expansion in the eastern European country is up on last year, as GDP went up by six per cent at the start of 2007.
Commenting on the findings, finance minister Varujan Vosganian said much of this growth has been in the construction and service sectors in particular.
This suggests that the increase in tourism and foreign investment in the last two years is helping to accelerate economic expansion in Romania.
Amberlamb recently expressed surprised at the level of the growth the country is seeing, as many other nations have been negatively affected by the credit crunch.
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What are these? |
Secured land investment
with 48% per annum ROI
12-18 month investment
period. Tax efficient
structure. Planning
permission for luxury
resort in place.
Cash payouts for up to 12 years
Agricultural land with
huge ROI. Contracted
return of 276% available
with rent and guaranteed
buy-back options.
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