ROMANIA - Disappointing full year output performance in 2012 | Eurobank
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ROMANIA - Disappointing full year output performance in 2012

• Full year growth performance disappointed: GDP came at 0.2% yoy in 2012 vs. 2.2% yoy in 2011
• The non-residents’ risk appetite for Romanian assets remained strong in Jan-Feb 2013
• The Romanian government was granted a three month extension in the current precautionary IMF agreement framework in order to take corrective action needed to achieve the objectives of the program and wrap up structural reforms in the area of state-owned enterprises