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Signs of improvement

3103 afisari
Cristian Cojanu
Surprisingly, Romania's economy has done well. It saw the fastest growth in two years in the third quarter, boosted by abundant crops, industrial production and export growth. Thus, the gross domestic product increased 4.1 per cent from a year earlier, compared with 1.5 per cent in the second quarter, putting the nine-month GDP growth at 2.7 per cent. In October, the government, in agreement with the IMF and the European Union, increased Romania's 2013 economic-growth forecast to 2.2 per cent from a previous estimate of 1.9 per cent. The country's trade deficit shrank to 413 million Euro in September, as exports grew faster than imports.

While experts say it's still too early to talk about the end of economic woes, the business leaders present at Business Arena's Financial Leaders' Hall of Fame awards gala in late November agreed the prospects for 2014 were improving.
Meanwhile, the general context remains fragile amid poor growth figures in the Eurozone. In the third quarter, the Eurozone's economy expanded by a puny 0.1 per cent, following growth of 0.3 per cent in the second quarter. Germany saw its growth slow down to 0.3 per cent in July to September, from 0.7 per cent, while France’s economy shrank 0.1 per cent after reaching 0.5 per cent growth in the second quarter. 
Even so, Business Arena will continue to stay close to the business community and follow its success stories. We will also continue to refine and improve our traditional business events and new developments are on the cards. While on the subject, let us remind you that this edition of our magazine includes details and pictures from our latest awards gala, the above-mentioned Financial Leaders' Hall of Fame.


From all of us here at Business Arena, enjoy the quality, admire the value!

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