Romania PESTLE Insights - A Macroeconomic Outlook Report

Romania PESTLE Insights - A Macroeconomic Outlook Report
Summary

Mining, manufacturing, and utilities contributed 23.3% to the gross value added (GVA) in 2022, followed by financial intermediation, real estate, and business activities with 17.8%, and wholesale, retail, and hotels with 15.1%. In nominal terms, the three sectors are expected to grow by 6.1%, 7.1%, and 9.1%, respectively, in 2023.

According to Eurostat, the Bucharest-Ilfov, South-Muntenia, Northwest, and Center regions contributed 62.6% to the country’s GDP in 2021 and accounted for 52.1% of Romania’s population in 2022.

The overall Bucharest BET Index exhibited a volatile trend over the last year. As of June 26, 2023, the BET index stood at 11,983.2, compared to 12,432.8 on June 26, 2022.

ScopeRomanian Development Minister Cseke Attila signed 81 financing contracts on May 19, 2023, with a total value of RON925 million (EUR180 million). The contracts cover various infrastructure projects, including road rehabilitation, water supply and sewerage systems, parking lots, sidewalks, bridges, and culverts, as part of the National Investment Program “Anghel Saligny.”Reasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operationsAlong with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.