Business News
Romanian economy grew at record 9-per-cent pace
Sep 1, 2008, 15:21 GMT
Bucharest - Romania's economic growth accelerated to 9.3 per cent in the second quarter as foreign investment rose by nearly one- third, the government said Monday.
Year-on-year growth in gross domestic product (GDP) was the highest in 18 years.
The April-to-June figure compared with an annual rate of 8.2 per cent in the first quarter of 2008.
Foreign investment increased by 30 per cent in the second quarter, with an increasing share flowing into construction, the National Statistics Institute said in a statement.
Romania has the European Union's second-highest growth rate this year behind Slovakia.
Economists expect a slowdown for the second half of 2008.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
