Tag Archives: year
EIA Updates Forecasts Of Wood, Waste Biomass Energy Consumption
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Romania Exported This Year Wheat Worth 300 mil. Euro, Double Against 2012
01.10.2013 Romania exported this year wheat worth 300 mil. Euro, double against the first nine months of 2012, when they got 146 million euro on the sales on foreign markets, stated at the conference Mediafax Talks about Agriculture, the minister of agriculture Daniel Constantin. The minister of agriculture stated that this year there was a huge production of wheat and lower prices than last year, when there was generalised draught and the prices almost doubled against 2011. ‘There are big fluctuations of price, given by the market. The state cannot intervene with mechanisms of storage. We can intervene only at the level of the production and we will try to have more relevant help from the state budget. Romania exported wheat worth 300 million euro this year, against 146 million euro in the first nine months of 2012’ the minister said. The vicechairman of the League of Agricultural Producers Associations of Romania Nicolae Sitaru told the minister of agriculture that the producers do not understand why there are so huge differences between the price on the stock exchange and the price on the farms. ‘ If last year the price for cereals was 25-30 euro at the farms’gates now is 60-70 euro at the stock exchange ‘ Sitaru said. actmedia Continue reading
Romania Posts Slightly Higher Economic Growth In Second Quarter
Romania registered a 0.5 percent economic growth in the second quarter of this year, compared to the previous quarter, while its economic growth at six months was of 1.8 percent. The figures were higher than the previous estimations of 0.3 and 1.7 percent respectively. The growth was fueled by industry, real estate and agriculture and was partially offset by a drop in constructions. Industry, which covers around a third of the country’s GDP, was up 3.9 percent during the first half of 2013. Real estate, which covers only 7.9 percent of the GDP, was also up by 3.2 percent and agriculture, which contributes with 3.5 percent of the GDP, was up 6.1 percent. Constructions were down 3.1 percent. The International Monetary Fund (IMF) recently revised the economic growth forecast for Romania, expecting the GDP to go up to 2 percent in 2013 and 2.25 percent in 2014. The previous forecast of the IMF and the Romanian authorities included a growth of 1.6 percent for this year and 2 percent for 2014. editor@romania-insider.com Continue reading
