1. Market Research
Romania Country Report May17 - May, 2017

Romania Country Report May17 - May, 2017

  • June 2017
  • 54 pages
  • ID: 4937585

Summary

Table of Contents

Amid bleak forecasts from EC and IMF related to the imminent fiscal slippage (EC projects 3.5%-of-GDP deficit this year, 0.5% of GDP above government's target), Romania announced in May 2017 robust 5.7% Q1 GDP growth, under flash estimate (not including detailed dynamics by formation sources or utilisation). The good news are, however, insufficient to offset the concerns related to radical reforms planned by the government: primarily the unified public wage bill, scheduled for enforcement before July. The International Monetary Fund (IMF) has estimated that the fiscal policies envisaged by Romania will result in a wide deviation (of over 2% of GDP) from the optimum 1.5% of GDP medium-term budget deficit. The Fund projected 4.2% GDP growth in 2017 amid a 3.5% p.a. medium term trend growth (and 5.3% growth projected by government). Government's plans for a radical reform of the income taxation turned uncertain after ruling majority's leader Liviu Dragnea spotted some technical problems and recommended a different approach.



Behind the robust GDP growth in Q1 it seems to be the industrial recovery (either sustainable, or circumstantial), also visible in the 7.3% y/y rise of the industrial output. The 430,000 new jobs created in the past three years ending March 2017 despite the repeated hikes of the minimum statutory wage apparently also supports the idea of a vibrant economy. However, out of the 430,000 new jobs, only 90,000 were created in industry and most likely the bulk of them were in retail -- most likely the main driver of the GDP expansion in Q1.



The sluggish financial intermediation was spotted by the central bank as an issue related to sustainable economic growth. The real problem seems to stem with the model of the banking system: the deposits/savings (of population but also firms) are increasing, while the real sector tends to finance from other sources: either parent, foreign companies, or trade credit. Under these circumstances, the assets management in banking became atypical. The solvency ratios rose to new maxima and the loan-to-deposit ratio, once pushed down by foreign financial groups, dropped at new minima. On the upside, this situation opens the door for new financial developments: more diversified investment funds in the country, investments abroad.

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.
Nicolas 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
2019-2023 Romania IVD Market Forecasts

2019-2023 Romania IVD Market Forecasts

  • $ 4500
  • December 2018

2019-2023 Romania IVD Market Forecasts: Blood Banking, Cancer IVD, Clinical Chemistry, Coagulation, Drugs of Abuse, Endocrine Function, Flow Cytometry, Hematology, Immunoproteins, Infectious Diseases, ...

Financial Cards and Payments in Romania

Financial Cards and Payments in Romania

  • $ 2100
  • November 2018

Financial cards are on a path that only seems to be going up in Romania. 2017 and 2018 marked new peaks in terms of number of cards in circulation, transactions and value. On the one hand this was the ...

Romania Power Market Outlook to 2030, Update 2018 - Market Trends, Regulations, and Competitive Landscape

Romania Power Market Outlook to 2030, Update 2018 - Market Trends, Regulations, and Competitive Landscape

  • $ 2500
  • September 2018

Romania Power Market Outlook to 2030, Update 2018 - Market Trends, Regulations, and Competitive LandscapeSummaryThis report elaborates Romania’s power market structure and provides historical and forecast ...

Consumer Electronics in Romania $ 2423 August 2018

Consumer Lending in Romania $ 1910 October 2018

Travel in Romania $ 1910 September 2018


ref:plp2017

Reportlinker.com © Copyright 2018. 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