Economic growth in Romania outstrips rest of Europe
The Romanian economy displayed the fastest growth rate of all European Union countries during the third quarter of 2008.
Official figures published this week reveal that Romania's economy expanded by 9.1% year-on-year in the third quarter, meaning its gross domestic product has increased by 8.9% during the first nine months of the year.
"This performance definitely looks good considering the global crisis," commented Adrian Ciocoi of the Bucharest-based Riedel Research Group.
According to the Guardian, Romania's economy has doubled in size over the last four years due to an influx of cash from overseas, with many companies modernising the operations and the real estate market experiencing a boom.
The Romanian statistical office is due to publish a detailed breakdown of the latest figures on December 15th.
Last week, Reuters reported that infrastructure developments are currently high on the agenda in Romania.
US ambassador Nicholas Taubman said that improvements to road and rail networks are now the "number one priority" for the country.
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