January 5th, 2012 - bloomberg.com

Romania’s corn harvest rose 26 percent in 2011, producing the biggest crop in seven years, according to a document published on theAgriculture Ministry’s website.

Farmers reaped 11.4 million metric tons of the grain from 6.2 million acres, the ministry said. The crop was the biggest since the 14.6 million tons gathered in 2004, the figures show.

“Romania has the potential to export about 10 million tons of corn and wheat, following the very good crop,” Agriculture Minister Valeriu Tabara said in a phone interview today. “The country has already exported about 2 million tons of grains so far.”

The Romanian farmers are seeking to take advantage of higher international grain prices and boost exports as they need money to invest in outdated machines, technology and buy fertilizers.

Romania’s wheat harvest increased 24 percent last year to about 7.2 million metric tons, the biggest crop in six years, the ministry’s data show.

South Africa already said today it’s importing yellow corn from Romania with two ships en-route to the Western Cape province, Reuters reported, citing Jannie de Villiers, the chief executive officer of Grain SA, a farmers’ group.

 

January 12, 2012 - bloomberg.com

French closely-held company Filasa International bought three wind farm projects with a total capacity of 400 megawatts in Romania, Mediafax reported.

Filasa may start construction work at the wind farms located in Braila County, in the southeast of the country, at the end of 2013 or beginning of 2014, the Bucharest-based news service said, citing the company’s local lawyer Ernest-Virgil Popovici as saying. He declined to name the sellers of the projects or give the transaction price.

The three projects will require an investment of about 800 million euros ($1 billion), according to Mediafax calculations.

 

February 29, 2012 - bucharestherald.ro

The prices of farming land in Romania are three to seven times lower than in most European states although they have doubled between 2007 and 2011, getting to an average 1,972 Euro per hectare, according to a study by DTZ Echinox.

In Romania, land prices vary from one region to another. In the north-east and south-east, the average sale price of farming land is about 1,500-1,600 Euro per hectare, while in areas near Bucharest it is 2,200-2,700 Euro per hectare, the company’s study shows. DTZ estimates that prices will grow to up to 3,000 Euro per hectare over the next three years.

Thus, the average price at national level in 2011 was 1,972 Euro per hectare, compared to 927 Euro in 2007 and 1,700 Euro in 2010.

Romania has 14.7 million hectares of farming land, ten million of which are used as arable land. Most recent studies show that 6.8 million hectares are unused.

In what regards forest land, Romania has six million hectares (25% of the country’s surface), four million of which are owned by the state. In Europe, the average forest land surface is 32% of a country’s territory. Forest land prices in Romania range between 2,000 and 5,000 Euro per hectare.

 

January 12, 2012 - bloomberg.com

Romania’s inflation rate fell to the lowest level in two decades in December, meeting the central bank’s target for the first time in five years, as a bumper harvest eased food prices.

The rate fell to 3.1 percent from a year earlier from 3.4 percent in November, the Bucharest-based National Statistics Institute said today in an e-mail. The median estimate of eight economists surveyed by Bloomberg was for a 3.3 percent rate. Prices rose 0.2 percent on the month.

Romanian policy makers cut the main0 interest rate by a quarter of a percentage point for the second time in a row this month to 5.75 percent, as record-slow inflation made room for lower borrowing costs to boost economic growth in the export- reliant country.

The inflation rate may fall to less than 2 percent by March and be at about 3 percent by the end of this year, central bank Governor Mugur Isarescu said on Nov. 7.

Food-price growth slowed to 0.95 percent in December from a year earlier, compared with 1.4 percent growth in November, on lower fruit and vegetable prices, the institute said.

Non-food costs rose 4.45 percent from a year earlier last month, mainly driven by higher heating bills, compared with 4.9 percent in November, the institute said. Service-price growth quickened to 4.2 percent from 4 percent in the previous month, on higher railway and water prices, according to the institute.

 

6 Mars 2012, latribune.fr

L'évolution de l'économie en Chine remet en cause son statut d'atelier du monde. Des délocalisations ont commencé dont profite la Roumanie. Des grands groupes sont à nouveau intéressés pour s'implanter sur le Vieux continent, où le prix de la main-d'œuvre, qui a stagné voire baissé durant la crise, est aujourd'hui pratiquement égal à celui du colosse chinois.

 

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