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- Romania third in EU in May's retail trade growth - Eurostat
Romania ranks third among European Union members in retail trade growth in May, marking a 6.8% annual increase, the European Statistics Buraeu, Eurostat, said. United Kingdom recorded the highest retail trade growth of 7.2%, followed by Lithuania with
- Romania: Chimopar not to sell land plot to Vinci
Chimopar's shareholders rejected the sale of a 7.2 hectares plot of land located in Bucharest. The buyer, French company Vinci, would have developed a real estate project out of which the Romanian chemical company would have owned 50%. Source: Alpha
- Romania: Inflationary pressures continue - Citigroup
Supply-side shocks (food and energy) and domestic demand pressures continue to pose a challenging picture for inflation, Citigroup said in its latest report. The marked upward trend in the core inflation measure since August 2007, which excludes
- Romania's May construction works value up 10.5% m/m, 33.9% y/y
Construction works value rose 10.5% in May, compared to the previous months, and 33.9% on the year, the National Institute of Statistics (INS) said. The value of construction works in April rose at a montly rate of 19% and at an annual rate of 31%,
- Romania: 5-mo industrial sales up 5.2% y/y...
Romania's industrial sales rose at an annual rate of 5.2% in the first five months on the year, the National Statistics Institute (INS) said. May's industrial sales grew by 2.2% on the month and by 7.3% on the year.
- Romania: Nuclearelectrica doubles production capacity in 10-yrs
Nuclearelectrica has doubled its production capacity within its first ten years of activity, the state-owned nuclear power company said.''The doubling of the production capacity, the most important achievement in its first decade of activity, has had a
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Soviet occupation following World War II led to the formation of a communist Peoples Republic in 1947 and the abdication of the king. The decades-long rule of President Nicolae CEAUSESCU became increasingly draconian through the 1980s. He was overthrown and executed in late 1989. Former communists dominated the government until 1996 when they were swept from power. Much economic restructuring remains to be carried out before Romania can achieve its hope of joining the EU.
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