Romanian timber exports have increased significantly in 2011

Romania’s own economy has seen significant improvement and growth in 2011, and growth is forecast to continue because timber exports account for some of the important factors. Eastern European countries predict that Romania’s economy will be better than expected. The Romanian newspaper with the news pointed out that the authorities in Great Britain have adjusted the economic forecast growth from 0.1 percentage points to 1.2 percentage points. The reason is that the strong timber exports in January and February made the previous economic recession begin to recover. The broadcast of news made more businesses willing to invest in Romania because they saw a bright future.

Indeed, the National Bank of Romania stated that the country’s economy is gradually picking up. This is partly due to the export of timber and the signs that the country’s economy is “rejuvenating”.