Sunday, January 10, 2016
Romania poised to show good growth in 2016
The World Bank has significantly improved Romania’s economic growth forecast to 3.9% for this year and 4.1% for the next year.
It has thus aligned to the estimations of other international institutions such as the European Commission and the International Monetary Fund.
The organization has also announced that Romania’s economy is expected to grow by 4% in 2018.
This is good news for my holdings of Fondul Proprietatea which is invested in many of Romania's largest companies. The company is still selling at almost a 30% discount to net asset value as the management continues to buy backs lots of shares.