BUSINESS

Capital tops economic growth

Bucharest heads the top of a study issued by The Oxford Economics about the economic development and employment growth, with estimated growth of 7.2 per cent, while Sofia has ranked second, followed by Warsaw and Prague. According to forecasts, in the period 2010 to 2015 Bucharest will grow by average 7.2%. Romania’s Capital ranks first in the forecast for the increase of jobs numbers – with an expected increase of 3.7% a year.


Dr Neil Blake, the director of Economic Analysis at Oxford Economics, said: “Central European cities are forecast to grow faster than their western European neighbors, much as they have done over the past decade, as they benefit from strong underlying national growth rates and further development of private service industries. But job creation in these cities is unlikely to compare as favorably as weak demographics and restructuring in employment-intensive industries constrain growth potential.” For Sofia analysts expect growth for the period by average 6.3% a year. Warsaw’s growth has been predicted to be 5.7%, Prague’s – 4.2% and Helsinki’s – 3.7%. Stockholm, Budapest, London, Brussels and Oslo come in the tenth place.

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