According to data released by the National Institute for Statistics (INS), Romania saw a 3.7 percent increase of the GDP during the first nine months of 2015, the same level registered during the first half of the year. During the third quarter GDP indicated a 3.6 percent rise over the same period of the previous year.
The European Commission has improved the autumn forecast estimates on Romania’s economic growth, which will accelerate this year to 3.5 percent in 2016 and 4.1 percent respectively, supported by fiscal relaxation measures which stimulate domestic demand.
Year on year, automotive trade registered in Romania a 10.8 percent increase as adjusted series and 10.9 percent in gross series. Motor vehicles rose 17.1 percent in adjusted series (17.4 percent as gross series), while motorcycle turnover went up 16.8 percent (adjusted) and 22.1 percent (gross).
The Romanian M&A market recorded the most significant increase among the 11 countries in Central and South East Europe (CSE), with estimated total value of transactions going from USD 0.6 billion in H1 2014 to USD 2.1 billion in the first half of 2015, according to the latest study by EY, the M&A Barometer.
This spectacular rise of 250 percent year on year was mainly due to the fact that Romania also recorded the highest transaction in the CSE region this year – the acquisition of UniCredit Tiriac Bank by UniCredit SpA Italy, for over USD 770 million.
Meanwhile, the number of transactions increased from 68 in the first half of 2014 to 81 deals in the first half of the year. In terms of value of transactions, the most attractive sectors in Romania were the energy and mining sectors, according to the report results.