Exports grew 22 percent y-o-y in Romania, World Bank report says

Newsroom 26/07/2010 | 11:22

The World Bank’s recently released EU10 Regular Economic Report has found that exports in Romania were up almost 22 percent on the year before. The changes in economic activity in the EU10 region are uneven. While economic activity in Hungary and the Czech Republic returned to growth, it continued to fall in Latvia, Bulgaria, Lithuania, Romania, Estonia and Slovenia. Investment rebounded noticeably in Romania and Lithuania, helped by restocking or reduced destocking. Exports grew at double-digit rates in most of the EU10 countries ranging from close to 22 percent year-on-year growth in Romania to 10 percent in Poland. Yield curves in the Czech Republic, Poland, Romania and Hungary are unchanged or lower from early February 2010 to early July 2010, and remain far below levels in March 2009. Interbank interest rates and interest rate spreads have remained stable in recent months, with the exception of Romania. The Czech Republic, Hungary and Poland have not announced target dates for euro adoption, while Bulgaria, Latvia, Lithuania, and Romania aim to join between 2013 and 2015.



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