1. Market Research
Romania Country Report - February, 2016

Romania Country Report - February, 2016

  • March 2016
  • 36 pages
  • ID: 3307082
  • Format: PDF
  • By Emerging Markets Direct Media Holdings

Summary

Table of Contents

EXECUTIVE SUMMARY

The report covers info as of March 11.



The key stories regarding Romania's macroeconomics at this moment are the sustainability of the high growth rates (3.7% y/y in 2015) and the impact of the datio-in solutum bill - a bill under which banks customers could abandon the mortgage contracts with no further liability in addition to the collateral.



There is little doubt that there was the consumption that pushed up GDP last year.

Consumption has contributed 4pp to the GDP growth in 2015, while gross fix capital formation only 1.8pp. Consumption increased by 5.3% y/y in full 2015 and accelerated to 6.4% y/y in Q4. The investments have increased since 2014, when they decreased by 3.1% y/y, but they remain at a low level both in absolute terms and as a percentage of GDP compared to the pre-crisis peak of 2008.



Key Points



oRomania raises EUR1.25bn upon re-opening 10-yr, 20-yr Eurobonds

oPublic debt to GDP ratio down 1.2pp y/y to 38.6% at end-2015

oGDP up 3.7% y/y in 2015, driven by consumption

oNet investments rise by 8.4% y/y in 2015 from low base

oIndustrial growth eases to 2% y/y in Q4; 2.8% y/y in full 2015

oConstruction works up 11.7% y/y in Q4; 10.4% up y/y in 2015 on maintenance, repair of roads

oRetail sales 15.6% y/y up in January; accelerates from 8.9%b y/y in 2015

oHeadline inflation plunges to minus 2.1% y/y in January on VAT rate cut and further sinks into negative area to minus 2.8% y/y in February, on energy prices

oC-bank governor considers monetary policy tightening

oWages surge by 11.1% y/y in Q4 and accelerates to 14.1% y/y in January

oRomania's banks achieve EUR1.1bn net profits in 2015, on EUR82bn assets

oBanks' profitability above EU average despite high NPL ratio, c-bank finds

oPwC expects Romanian banks to sell EUR2.5bn of NPLs in 2016

oOverdue loans to banks ease by 18% y/y to EUR4.6bn at end-January

oEBA NPL drops to 13.6% at end-2015, 7.1pp down y/y

oBanks extend EUR843mn new loans in January, 31% up y/y

oBIS-reporting banks cut exposure to Romania by 3.2% of GDP in 4Q ending Sep-15

oFOB trade gap widens 59% y/y to 3.6% of GDP in 2015

oExports shrink 1.6% by y/y, trade gap keeps widening in January

oGross external debt down by 2.2% of GDP in 2015, after hike in 2009-2014

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Consumer Health in Romania

Consumer Health in Romania

  • $ 2650
  • October 2019

Consumer health in Romania recorded strong growth in 2019, especially due to a strong increase in disposable incomes, which have facilitated changes in lifestyle and boosted the trend of self-medication. ...

Romania Nucleic Acid Testing (NAT) Market for 100 Assays: Supplier Shares and Strategies, Country Volume and Sales Segment Forecasts--Infectious and Genetic Diseases, Cancer, Forensic and Paternity Testing

Romania Nucleic Acid Testing (NAT) Market for 100 Assays: Supplier Shares and Strategies, Country Volume and Sales Segment Forecasts--Infectious and Genetic Diseases, Cancer, Forensic and Paternity Testing

  • $ 2500
  • October 2019

Romania Nucleic Acid Testing (NAT) Market for 100 Assays: Supplier Shares and Strategies, Country Volume and Sales Segment Forecasts--Infectious and Genetic Diseases, Cancer, Forensic and Paternity TestingThis ...

Consumer Appliances in Romania

Consumer Appliances in Romania

  • $ 2650
  • January 2020

The improving economic situation in the country, rising disposable incomes and increased consumer product awareness further supported sales of consumer appliances in Romania in 2019. High-quality, innovative ...

Soft Drinks in Romania $ 2100 December 2019

Hot Drinks in Romania $ 2100 November 2019

Consumer Lending in Romania $ 2100 October 2019

Packaging Industry in Romania $ 2100 October 2019


ref:plp2016

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on