Romania’s Auto Industry To Account For 10% Of GDP This Year, From 6% In 2009

Romania’s auto industry will come to account for 10% of the country’s gross domestic product this year, which is estimated at some EUR120 billion, compared to 6% of GDP in 2009, said Tuesday Constantin Stroe, head of the Romanian Carmakers Association ACAROM.

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Stroe said the Romanian auto industry stood at EUR8.1 billion last year, of which EUR2.6 billion came from the car making industry and the remainder from car part production.

Speaking about the domestic car market, Stroe said car sales would reach this year 90% of last year's sales, in the most optimistic scenario. New car registrations in 2009 in Romania stood at about 116,000 units.

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