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Romania: The country trade deficit is up by EUR 2.3 billion on a first 10 months analysis for 2017

преди 3 часа 7 мин.

According to the quoted source, between the 1st of January and the 31st of October 2017, exports and imports increased by 9.6 percent, 12 percent respectively, compared to the similar period of 2016.

FOB exports totalled over 52.360 billion euro and CIF imports stood at 62.567 billion euro.

In October 2017, FOB exports totalled over 5.761 billion euro and CIF imports stood at 7.079 billion euro, the resulting deficit amounting to 1.318 billion euro.

Compared to October 2016, in October 2017 exports increased by 13.3 percent and imports went up by 16.7 percent.

The value of extra-community exchanges of goods (Extra-EU28) in the period January — October 2017 stood at 39.717 billion euro in exports and 47.483 billion euro in imports, representing 75.9 percent of the total exports and imports.

The value of extra-community exchanges of goods (Extra-EU28) in the reference period stood at 12.643 billion euro in exports and 15.084 billion euro in exports, accounting for 24.1 percent of the total exports and imports.

 

 

Read more about this import-export statistic on Agerpres.

The post Romania: The country trade deficit is up by EUR 2.3 billion on a first 10 months analysis for 2017 appeared first on EnergyWorld Magazine.

Romania: Inflation rate climbs to 3.23 percent, the highest since 2013

преди 3 часа 25 мин.

The annual inflation rate, which measures the evolution of consumer prices in the last year, climbed to 3.23% in November, the highest level since August 2013, when it reached 3.67%, according to data from the National Statistics Institute (INS).

Food products were 0.57% more expensive in November over October, while the prices of non-food products went up 0.86% month-on-month. Meanwhile, the services got 0.33% more expensive.

Eggs saw the biggest price increase in November compared to October, of almost 30%. Butter was also more expensive, its price going up by 7%, while the prices of fuel went up by 2.7%.

When compared to November 2016, the prices of food products increased by 3.88% in November this year while the non-food products got 4.12% more expensive.

 

 

 

Source: National Statistics Institute analysis.

The post Romania: Inflation rate climbs to 3.23 percent, the highest since 2013 appeared first on EnergyWorld Magazine.

Romania: Annual inflation rate, up to highest level since 2013

преди 3 часа 30 мин.

The annual inflation rate, which measures the evolution of consumer prices in the last year, climbed to 3.23% in November, the highest level since August 2013, when it reached 3.67%, according to data from the National Statistics Institute (INS).

Food products were 0.57% more expensive in November over October, while the prices of non-food products went up 0.86% month-on-month. Meanwhile, the services got 0.33% more expensive.

Eggs saw the biggest price increase in November compared to October, of almost 30%. Butter was also more expensive, its price going up by 7%, while the prices of fuel went up by 2.7%.

When compared to November 2016, the prices of food products increased by 3.88% in November this year while the non-food products got 4.12% more expensive.

The post Romania: Annual inflation rate, up to highest level since 2013 appeared first on EnergyWorld Magazine.

Romania: KMG International aims to reach 25 pct market share in the next four years

преди 3 часа 34 мин.

KMG International Group, the former Rompetrol Group, plans to reach a market share of 25 percent in Romania and 12 percent in Bulgaria over the next four years, the group said.

Currently, KMGI has a 16 percent share in Romania, according to market info, capital.ro informs, quoting news.ro.

”For the next period, we plan to continue to develop KMG International activities and operations in the region, not only in Bulgaria and Rep. of Moldova, but also in Romania and Georgia – where we have been present since 2005,” Catalin Dumitru, Senior Vice President for Operational Activities of KMG International, stated.

According to him, the expansion of Rompetrol’s activities and operations in the Black Sea region was a natural and organic evolution of the group, and completion of modernizing and growing programs of the Petromidia refinery.

The development of the Moldovan and Bulgarian subsidiaries, as well as those in Romania and Georgia, were also supported by the Petromidia refinery programs, which allowed the annual growth of raw materials – from 3.1 million tonnes in 2002 to over 3.8 million tonnes in 2007 and 5.4 million tonnes in 2016, but also the quality of the fuels produced.

The post Romania: KMG International aims to reach 25 pct market share in the next four years appeared first on EnergyWorld Magazine.

Romania: Large refinery’s industrial platform auctioned off

Пон., 12/11/2017 - 11:22

The industrial platform of the RAFO Onesti refinery, which re-entered insolvency last fall and has debts of over RON 330 million (EUR 71.2 million), will be put up for sale with an initial starting price of USD 59.5 million, VAT not included.

It won’t be sold below the liquidation value of USD 29.7 million, without VAT, namely half of its market value, reports local Profit.ro.

More than 90% of the total claims against RAFO Onesti belong to Petrochemical Holding, the company’s former majority stakeholder, a group registered in Austria and controlled by Russian investor Iakov Goldovski.

The buyer will be obliged to keep the refinery running for at least five years. This is an important measure, because several plants in Romania have been bought only to be fully dismantled, especially in the ‘90s.

If the company manages to sell its assets, creditors will be able to recover 57% of their claims. In the case of bankruptcy, the recovery rate would be only 34.3%.

The post Romania: Large refinery’s industrial platform auctioned off appeared first on EnergyWorld Magazine.

Romania, Agriculture Minister: Grain production reaches historic records

Пон., 12/11/2017 - 11:14

Romania’s grain production amounted to almost 27 million tons in 2017, exceeding 1.4 tons per capita, agriculture minister Petre Daea said on Friday last week.

The country saw nine historic records for the production of wheat, rapeseed, peas, barley, sunflower, soy, corn, potatoes and grapes.

Romania ranks first in the EU for the cultivated area with sunflower and corn, the minister added. It also ranks first for the production of sunflower seeds.

The wheat yield exceeded 10 million tons per hectare in 2017 whereas the corn yield surpassed 14.5 million tons per hectare. In the last 10 years, the area cultivated with corn was between 2.3 and 2.7 million hectares, with only one year – 2010 – in which the area did not exceed 2.1 million hectares at national level.

In 2016, Romania was the largest sunflower seed producer and fifth-biggest wheat producer in the European Union.

The post Romania, Agriculture Minister: Grain production reaches historic records appeared first on EnergyWorld Magazine.

EU: New energy regime and regulations voted to ensure meeting of the Paris Agreement goals

Пет., 12/08/2017 - 12:50

Lawmakers have voted on Thursday, the 7th of December, on a new energy regime that is meant to ensure that the European Union meets its Paris Agreement goals. But much disagreement remains.

For the past ten years, EU member states have been obliged to meet national targets for renewable energy. From 2020, they will be free of these constraints.

The 2020 targets were adopted in 2008, when EU lawmakers were in a very different mood. It was before the economic crisis, and the EU’s crisis of confidence.

By 2014, in the second commission of President José Manuel Barroso, the zeitgeist had changed. Under Secretary-General Catherine Day, a new focus was placed on being less intrusive, and allowing more flexibility for national governments. And so new post-2020 targets were proposed that were far less proscriptive.

For renewables, the Commission has proposed a 27% share target for 2030, up from 20% in 2020. But it will only be binding at EU level. Individual EU countries will not be punished if they fail to meet the goal, because there are no binding national targets in the proposal.

Environmental groups have pointed out that without the national targets, there is no legally enforceable way to ensure the EU meets its goal. The Commission can take an EU member state to court if it misses a target. But it cannot take itself to court.

To allay concerns about the less-proscriptive approach, the Commission introduced the concept of ‘energy governance’ – a framework that will set milestones and rules that are meant to keep everyone on track and make the various pieces of energy legislation work together. It is an umbrella legislation, setting the rules for a bundle of laws.

 

Read more about the new regulations voted and the EU Paris agreement timetable on Euractiv.

The post EU: New energy regime and regulations voted to ensure meeting of the Paris Agreement goals appeared first on EnergyWorld Magazine.

World: Wind turbine manufacturer Senvion has announced completion of some 130 new MW

Пет., 12/08/2017 - 12:36

Senvion, a leading global manufacturer of wind turbines, has announced the completion of installation of several wind farms in three of its newly entered markets within Europe totalling 130 megawatts (MW).

The installation of 33 Senvion 3.4M114 turbines was recently completed at the 112 MW Egersund wind farm, in Rogaland, Norway. The project with Norsk Vind Egersund AS will have a total rated output of 112 MW and will produce enough green energy to power approximately 20,000 Norwegian households.

In Serbia, the country’s Minister of Energy inaugurated the eight MW Malibunar wind farm featuring four Senvion MM100 turbines. Malibunar wind farm is located about 56 kilometers northeast of Belgrade and will supply 7,200 Serbian households with clean electricity.The start of operation marks Senvion’s successful market entry in the Balkans.

Senvion has also completed installation of its first wind farm in the Republic of Ireland. Teevurcher wind farm, located in County Meath, northwest of Dublin, features five MM82 wind turbines with a total output of 10 MW. The wind farm will supply enough clean energy to power approximately 7,000 Irish homes per year.

Jürgen Geissinger, CEO of Senvion, said: “The completion of installation and start of operation of these wind farms in three of our newly entered markets countries across Europe highlights that we are effectively delivering our expansion strategy. These milestones demonstrate how our modular product portfolio is ideally suited to a range of wind and site conditions and can meet the needs of our clients in diverse regions.”

 

 

Read more about the company’s new power installation on 4-traders.

The post World: Wind turbine manufacturer Senvion has announced completion of some 130 new MW appeared first on EnergyWorld Magazine.

Romania: Possible new increase in energy prices, as ANRE has approved Transelectrica to increase the system tariff

Вт., 12/07/2017 - 11:43

The National Regulatory Authority for Energy (ANRE) has approved Transelectrica to increase by 28% the tariff for the system service as of with January 1, 2018.

Paradoxically, Transelectrica, national energy transport operator, has granted to the state in the autumn this year dividends amounting to RON 181 million, which normally should have been paid only if the company is profitable. Now Transelectrica argues its request to raise the tariff according to the estimated losses in Q4, profit.ro informs.

ANRE decided on Wednesday a RON 2.67/MWh increase of the tariff for Transelectrica’s system service. The reason is the loss of RON 100 million that Transelectrica reportedly recorded in the fourth quarter. The official estimates are that there will be a 0.6% increase in the final energy price for the household consumers. In fact, the increase could be more substantial.

ANRE has decided to revise the tariff for the system service from RON 9.39/MWh to RON 12.06/MWh, i.e. up by RON 2.67/MWh.

According to investenergy.ro, Transelectrica has asked ANRE to enforce as of January 1, 2018 some mechanisms to adjust the system tariffs, estimating losses of RON 100 million in the fourth quarter related to the system’s technological services.

Since the state collected dividends during the year, without knowing how the year would end financially for the state companies, the situation is absurd as the state collects money, Transelectrica registers losses and wants to recover the money from the distribution operators and end consumers through the bills paid by the latter.

The post Romania: Possible new increase in energy prices, as ANRE has approved Transelectrica to increase the system tariff appeared first on EnergyWorld Magazine.

Visegrad meeting: Senior official Ciamba shows importance to Romania of regional natural gas connectivity

Вт., 12/07/2017 - 10:33

Secretary of State for Euro-Atlantic bilateral and strategic affairs with Romania’s Foreign Ministry (MAE) George Ciamba on Monday participated in Budapest, Hungary, at a meeting of the Visegrad group – V4 – (Hungary, Poland, the Czech Republic and Slovakia) and Bulgaria, Croatia, Greece, Romania, Slovenia and Serbia, showing that regional cooperation in the High Level Group of the Central and South Eastern Europe Gas Connectivity (CESEC) is of great importance to Romania.

MAE says in a press statement that, featuring on the agenda of the meeting, held at the level of ministers or their deputies, at the invitation of Hungary, as the state holding the V4 Presidency, were a dialogue on energy security, the recent developments in the Western Balkans amidst the enlargement of the European Union, as well as the future of Europe.

“In his speech, Secretary of State George Ciamba pointed out that regional cooperation in the High Level Group of the Central and South Eastern Europe Gas Connectivity (CESEC) is of great importance to Romania, given that the development of the natural gas transmission infrastructure is and must remain a priority in the region. He also mentioned the CESEC ministerial meeting this autumn in Bucharest and the extension of the platform to include electricity.”

At the same time, Ciamba stressed that Romania supports initiatives that have the potential to increase regional energy security, in line with European legislation and energy policies, as well as with the principles of the Energy Community.

“He mentioned that, to Romania, the development of the BRUA corridor is essential, showing that the related works on Romania’s soil were on schedule. It also mentioned the essential contribution of regional cooperation formats to the strengthening of energy security in the region and the EU, as well the positive impact of joint infrastructure projects, as is the case with the Vertical Corridor,” says MAE.

The post Visegrad meeting: Senior official Ciamba shows importance to Romania of regional natural gas connectivity appeared first on EnergyWorld Magazine.

Romania: EBRD, BCR grant USD 38.7 mln loan for waste-oil recycling plant

Вт., 12/07/2017 - 10:23

The European Bank for Reconstruction and Development (EBRD) and local lender BCR have extended a USD 38.7 mln loan to local firm Green Oil & Lubes for building a waste-oil recycling plant in Oltenita, Calarasi county. The total investment amounts to USD 56 million.

The plant will have a processing capacity of 73,000 tons per year. It will regenerate used lubricant oils and turn them into base oils for sale and reuse in the automotive and other industrial sectors.

Green Oil & Lubes is part of a group of companies set up by Indian engineer and investor Mazarali Kamumiya Saiyed. The group of companies will contribute to the investment program by USD 26 million, while the remaining USD 30 million will be secured by investment long term loan equally granted by the EBRD and BCR.

Under the same financial agreement, BCR has also approved a USD 8.7 million financing line for work capital needs. The plant will create about 70 new jobs.

The post Romania: EBRD, BCR grant USD 38.7 mln loan for waste-oil recycling plant appeared first on EnergyWorld Magazine.

UK: No assessments for leaving the EU have been made yet on the UK economy

Ср., 12/06/2017 - 15:08

The government has not carried out any impact assessments of leaving the EU on the UK economy, Brexit Secretary David Davis has told MPs.

“There’s no sort of systematic impact assessment,” Mr Davis told the Brexit committee.

He said the government had produced a “sectoral analysis” of different industries but not a “forecast” of what would happen when the UK leaves the EU.

A “very major contingency planning operation” is in place, he added.

Committee chairman Hilary Benn asked whether impact assessments had been carried into various parts of the economy, listing the automotive, aerospace and financial sectors.

“I think the answer’s going to be no to all of them,” Mr Davis responded.

When Mr Benn suggested this was “strange”, the minister said formal assessments were not needed to know that “regulatory hurdles” would have an impact.

“I am not a fan of economic models because they have all proven wrong,” he added.

 

 

Read more about the planned Brexit on BBC News.

The post UK: No assessments for leaving the EU have been made yet on the UK economy appeared first on EnergyWorld Magazine.

Romania, Finance Ministry: Promises were made in Brussels not to exceed budget deficit by more than 3% of the GDP

Ср., 12/06/2017 - 13:57

Finance minister Ionut Misa announced in Brussels, at the Economic and Financial Business Council that Romania “promises to take necessary measures not to exceed budget deficit of 3% of GDP”.

Ionut Misa participated in the extended Eurogroup meeting and the reunion of the EU Economic and Financial Business Council (ECOFIN) over December 4-5, 2017, held in Brussels.

“About the recommendation received by Romania, Ionut Misa showed that Romania promises to take measured not to exceed a budget deficit of 3% of GDP”, the press release issued by the Finance Ministry on Tuesday shows.

“Referring to 2017, the Romanian official mentioned that the EC autumn prognosis confirms the engagement made by Romania’s government to remain in the preventive arm of the Stability and Growth Pact. For 2018, the draft budget suggested to maintain budget deficit below 3% and Romania intends to take measures to reduce structural deficit at the same time with implementing reforms included in the Governing Programme,” the press release points out.

 

 

 

Source: Finance Ministry press release.

The post Romania, Finance Ministry: Promises were made in Brussels not to exceed budget deficit by more than 3% of the GDP appeared first on EnergyWorld Magazine.

Romania has failed to take effective measures to correct a significant budget deviation – EU Council

Ср., 12/06/2017 - 12:51

The EU Council has adopted a decision Tuesday reading that Romania has failed to take effective measures to correct a significant budget deviation, a communiqué issued after the meeting of the Council for Economic and Financial Affairs (ECOFIN) in Brussels during December 4-5, 2017.

The European Council adopted on Tuesday the decision sanctioning that Romania did not act in fact to correct the significant deviation from the structural budget deficit, according to a communiqué issued by the Council, ziare.com informs.

A new recommendation was issued at the request of the European Commission, reviewing the older one, according to the significant deviation procedure. Thus, Romania will have to operate even more severe correction of 0.8% of GDP, according to the decision of the European Council.

The European Council document quotes the autumn figures, according to which Romania’s structural deficit (MTO) increases by 1.1%, despite the 0.5% of GDP adjustment requested in June.

The risk is that this deterioration will generate an estimated deficit of 3.3% of GDP in 2017, above the EU ceiling, which will require that Romania is included in the excessive deficit procedure, in line with the Pact for Growth and Stability.

Moreover, the increase in Romania’s net primary government expenditures amounted to 4.9% of GDP in 2017, much above the 3.3% ceiling set by the Council, requiring measures to ensure a nominal increase in net primary government spending of less than 3.3% in 2018, representing a structural adjustment of at least 0.8% of GDP. The Council recommends that any unexpected revenues to be used to mitigate the deficit and that the budgetary consolidation measures provide a lasting improvement in the structural balance of government spending.

The Council has set a deadline – April 15, 2018 – for Romania to report on the actions taken in response to the revised recommendation.

The post Romania has failed to take effective measures to correct a significant budget deviation – EU Council appeared first on EnergyWorld Magazine.

Romania: Energy to be one of the most attractive sectors on BVB – analysts

Ср., 12/06/2017 - 12:47

The energy and banking sectors will be among the most attractive for investors in 2018, as well as the acquisition of shares in national companies, considering that the state will most likely keep the decision to grant dividends of 90 percent of the profit, according to analysts from the capital market sector, present on Tuesday at a debate organized by the Bucharest Stock Exchange (BVB).

Ovidiu Dumitrescu, Deputy General Manager Tradeville, expects the rising crude oil prices to make the energy sector more attractive, but not just for manufacturing companies but also for service providers.

He said that this is not an investment recommendation, but they are examples that are worth studying.

His opinion was also shared by Mihai Caruntu, senior analyst BCR, who expects an affirmative decision of OMV Petrom and Exxon regarding the investment in gas extraction in the Black Sea.

In turn, Gratiana Ordean, Senior Financial Analyst at Banca Transilvania, also said that the energy sector has not reached the full potential.

At the same time, Marius Pandele, analyst Prime Transzaction believes that the banking sector has great potential especially in the current context of rising interest rates, which bring higher revenues for banks.

The post Romania: Energy to be one of the most attractive sectors on BVB – analysts appeared first on EnergyWorld Magazine.

Romania: Hydro-mineral resources law draft, withdrawn for review

Ср., 12/06/2017 - 12:45

The Ministry of Economy has withdrawn the draft of the hydro-mineral resources law for revision, announced on Tuesday, the minister Gheorghe Simon, during the talks of the Senate’s Economic Committee members. He states that it’s about quality and quantity sold issues.

”We want no fraud with everything it means bottled water. (…) I want to know where it comes from, what the water contains and how many bottles were bottled,” Simon said.

The minister underlined that the draft will be revised and said that it could get to Parliament in the next session, along with two other projects – mining and royalties laws.

The Minister of Economy also stated that there is an intention to make an investment at the National Company of Mineral Waters (SNAM) level in five water bottling plants.

The post Romania: Hydro-mineral resources law draft, withdrawn for review appeared first on EnergyWorld Magazine.

Natural gas mobility – Α new trend in driving

Ср., 12/06/2017 - 12:07

Natural gas can be used in every private and professional vehicles, since the market offers alternative solutions for every category of vehicle.

Drivers and businesses have the chance to turn either to a manufactured natural gas vehicle or to convert a conventional vehicle to dual burn (gasoline/natural gas).

Car companies now launch versions of their models tailored to the need for reduced emissions. CNG vehicles of small and large volume are available to the global and Greek market, while demand by private and professional drivers is increasing.

Already there are manufactured CNG vehicles in the Greek streets, that represent well known car makers such as Fiat (Fiat 500L Natural Power, Fiat Qubo 1.4 70 PS, Fiat Punto 1.4 70 PS, Fiat Panda, Fiat Doblo 1.4 T-Jet 120 PS), Audi (Audi A3 Sportback g-tron), Mercedes Benz (B Class 200, E 200 NTG, Benz Sprinter NGT), Lancia (LanciaYpsilon 0.9 TwinAir), Piaggio,η Iveco (Iveco Daily, New Strails), Volskwagen (VW Golf 1.4 TGi, Passat 1.4 TSI 150 PS EcoFuel, Eco Up, Caddy Vann Ecofuel), Seat (Seat Leon 1.4 TGI 110 PS, Mii Ecofuel), Skoda (Octavia G-TEC, Citigo), Opel (Opel ZafiraTourer 1.6 CNG Turbo, Opel Combo 1.4 T-Jet 120 PS) and Honda (Civic Natural Gas).

The benefits of using CNG

Lower price
CNG is considered the most economic alternative fuel. Its price is around 60% lower compared to gasoline, 30% lower compared to diesel and 40% lower compared to LPG.
Greater efficiency
In terms of efficiency, one kilogram of CNG contains much more energy than a litre of other liquid fuels.
Lower maintenance cost
Burning natural gas causes less damage to the engine, thus lowering maintenance costs.
Clean fuel
Natural gas can not be adulterated, as its supply comes straight from pipelines.
Unhindered circulation
CNG vehicles are allowed to circulate in restricted traffic zones.
Tax cuts and grants
Reduction of the consumer special tax, discounts and grants by car companies for the purchase of a CNG vehicle.
Safety
Natural gas, even if it escapes, is still lighter than atmospheric air and is diffused

Source: Energyworld magazine, issue No21

 

The post Natural gas mobility – Α new trend in driving appeared first on EnergyWorld Magazine.

Romania, Ministry of Economy: Until now there have been invested 30% of the parts which could have uranium sources

Вт., 12/05/2017 - 10:55

Radioactiv Mineral Magurele, the only company for geological research of the state, estimates that the potential for uranium resources where so long has been invested in, reached almost 30% announced on Friday the ministry of economy following the meeting with the representatives of the ministry and the leadership of the society.

The Radioactiv company  administers the parts of geological exploration of rare materials and radioactive ones and stocks the  national geological fund.

‘The representatives of Radioactiv Mineral reiterated the proposal to reorganise the company as a company of general economic interest and to revitalise the geological research for uranium. In Romania through the National Geological Programme (PGN) measure included in the governing programme of 2017- 2020 , shows a press release published on Friday on the site of the ministry of economy.

The executive approved in July the draft law regarding PGN.

Radioactiv Mineral identifies resources of uranium with economic potential through operations of prospection and exploration.

The society of strategic importance for the national economy  activates through two programmes through the ministry of economy: geological research and the closing down of the mines.

‘The representatives of the ministry expressed their wish that Radioactiv Mineral take part with their own solutions and be integrated and financed through PGN. According to the project, the financing of PGN will be ensured through  the state budget, the ministry of economy’ the press release says.

The post Romania, Ministry of Economy: Until now there have been invested 30% of the parts which could have uranium sources appeared first on EnergyWorld Magazine.

World, Georgian official: Turkey, Azerbaijan, Romania play key role in energy supplies 

Вт., 12/05/2017 - 10:45

Georgian Deputy Prime Minister and Foreign Minister Mikheil Janelidze took part in the 28th meeting of the Energy Charter Conference in Ashgabat, supporting the efforts of Europe to diversify energy sources, noting the role of Turkey, Azerbaijan and Romania in ensuring energy supplies in the region.

“Turkey, Azerbaijan and Romania play an important role in ensuring energy supplies in the region, and Georgia is ready to fulfill its obligations to meet the energy needs of Europe,” said Janelidze.

In the context of energy transfers from the region to Europe, he emphasized the particular importance of such projects as the South Caucasus Pipeline and the Trans Adriatic Pipeline.

The post World, Georgian official: Turkey, Azerbaijan, Romania play key role in energy supplies  appeared first on EnergyWorld Magazine.

Romania, Europe: North-West region and Capital Bucharest among the European Top 20 Best-Performing Cities and Regions

Пон., 12/04/2017 - 14:33

The North-West region from Romania ranks fifth in the Milken Institute’s inaugural Best-Performing Cities Europe index released on Monday. The Top-20 also includes Bucharest.

The Milken Institute syrvey demonstrates impact of policymaking on jobs, wages, manufacturing, and other measures in European cities, while providing a way to measure which European regions offer the greatest opportunities for prosperity across the continent. The ranking measures metropolitan areas’ economic performance using outcomes-based metrics including job creation, wage gains, manufacturing, and skilled service industry concentration.

The North-West region of Romania ranks fifth, while the Romanian Capital, Bucharest has grabbed the 16th position.

Inner London-East is Europe’s Best-Performing Cities, while Stockholm ranked a close second. Budapest, which has been creating new jobs at an unparalleled pace, came in third. Overall, five U.K. cities/regions ranked in the top-20 while four were in Poland.

 

Read more about this statistic here, on The Romania Journal.

The post Romania, Europe: North-West region and Capital Bucharest among the European Top 20 Best-Performing Cities and Regions appeared first on EnergyWorld Magazine.

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