Romanian exporters’ association warns of weaker exports in March-May.

By bne IntelliNews May 28, 2013

Romania’s exports weakened in March-May, the head of exporters’ association ANEIR, Mihai Ionescu, was quoted as saying by Agerpres without providing more insights on the exports’ dynamics.

The exports have been the main driver of Romania’s GDP, which increased unexpectedly by 2.1% y/y in Q1. Any negative correction in this regard would hurt the analysts' sentiment that has improved to the last year’s high as reported by the local association of CFA analysts quoted by Ziarul Financiar daily.

The exports increased strongly in Jan-Feb, supporting the whole Q1 GDP growth, but lost ground in the next several months, ANEIR president warned. The whole economy is slowing down, he added.

Separately, Ionescu commented on the large share of some 82%, which foreign-owned companies hold in Romania’s total exports.

The country’s exports increased 6.1% y/y in January and 10% y/y in February despite the gloomy expectations of the analysts based on the weak demand in Romania's main trade partners in Europe. Yet, the exports to non-EU countries surged 17.5% y/y in January and 23.7% y/y in February.

Total exports, however, lost ground and narrowed by 1.4% y/y in March, according to official data. Nonetheless, Romania’s CA balance remained in the surplus area in Q1 – which was an unexpected performance that inspired even more confidence in investors than the exports figures.

 

Related Articles

Romanian software producer Bitdefender takes over French peer Profil Technology

Romanian security technology company Bitdefender has acquired its French peer Profil Technology as part of its expansion strategy on the corporate segment.  The terms of the deal were not ... more

Czech CPI buys huge Central European retail portfolio

Czech real estate investor CPI Group has bought a large portfolio of Central European retail assets, local media reported on January 17. The investor, which has grown its holdings rapidly since ... more

EBRD, EIB lend €82mn to Moldova for key gas pipeline toward Romania

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) will lend €41mn each and the European Union will add a €10mn grant to fund a pipeline to link ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss