The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Wednesday, 20 August 2014

First half of 2014 in Romania - business development, internal consumption growth and foreign investment continue

  • The Romanian mergers and acquisitions (M&A) market has started recovering in the first half of the year, with 21 significant operations but of small to medium value, in sectors such as financial services, food industry and technology, according to EY (Ernst &Young) Romania, citing Mergermarket.com data. 
  • According to GfK, Romania's consumer technology goods market grew by an annual 12.5% to 805 million euro ($1.1 billion) in the first half of 2014, with the ascending trend expected to continue. 
  • According to the Agriculture Minister, Romania has harvested a record rape crop this year, of roughly 1.1 million tons, despite poor weather conditions in the second quarter. The 1 million ton rapeseed harvest, the highest in Romania’s history, will generate EUR300 million revenue in the next few months when farmers sell it to processors and traders. 
  • Romanian industrial new orders rose 6.6% on the year in the first six months, supported by growth in all sectors, data from the country’s statistics institute INS shows. The adjusted industrial production rose 10.4% in the first half from the year-ago period, fuelled by higher output in the manufacturing sector. The industrial sales rose 10.8% in the first six months compared with the same period of 2013, boosted by higher demand in all sectors. 
  • Romanian personal care and home care goods producer Farmec Cluj-Napoca increased its sales by 6% in the first six months of this year, to EUR 17.1 million. The company launched new products and added to its existing product lines. It has EUR 2.4 million investments planned for this year, most of them in new technological lines. 
  • According to Nielsen, Romanian consumers’ confidence rose in April-June for the third consecutive quarter, nearing the European average, as Romania ranks 18th of 32 countries by consumer confidence index, which measures the perceptions of local job prospects, personal finances and immediate spending intentions. 
  • Sales of durable goods increased by 17% in Romania in the second quarter, reaching the value of EUR 420 million, according to a GfK study. According to the study, all categories registered increases in the second quarter of 2014, except for the photo sector. The largest increase in value, of 29%, was generated by the telecom sector, which reached EUR 128 million. GfK expects the upward trend to continue this year.
  • Sales of new cars and commercial vehicles on the Romanian market totaled 57,019 units in the first seven months of 2014, 31% more than in the same period of 2013. For the passenger cars segment, the growth was 32.7%, to 47,857 units. 
  • The financial leasing market ended the first half of 2014 with new financings worth EUR 664 million, up 22% year-on-year, according to data from ALB Romania
  • Foreign capital inflows via capital increases in Romanian companies totaled more than EUR 1.5 billion in the first six months of this year, according to data from Romania’s Trade Registry’s Office
  • Romanian adjusted retail sales rose 8.2% in the first six months compared with the same period of 2013, on higher sales in all sectors, according to the statistics institute INS. 

 Sources: ZF, Romania Insider

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