Sweden - Southeast Europe News Site

Sweden - Southeast Europe News Site


to the news site of the Chamber of Commerce for Sweden - Southeast Europe in cooperation with Business Sweden and Governments and Organisations in SEE.

Romania rockets to the top of CEE's thrusting recovery

RomaniaPosted by Uvner Business Consulting Tue, February 25, 2014 17:06:45

Central and Eastern Europe took a huge stride in its economic recovery in the fourth quarter of 2013, according to flash estimates on growth released on February 14. Amid a raft of strong data, including an impressive acceleration in the Czech Republic, Romania stood out with GDP growth of 5.2%.

It was Romania's strongest quarter in five years, and pushed the country towards a full year expansion of 3.5%. The Czech Republic meanwhile swung from a 1.2% decline in the third quarter to expansion of 0.8%. It wasn't all plain sailing; Poland disappointed slightly at 2.7% year on year. Romania however stood head and shoulders above the rest of the EU, with the Baltics - who have dominated the bloc's top spots for GDP growth over the past couple of years.
Read the full article in East Capital web page here.

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