The latest economic figures to come out of Romania show that the country’s forestry sector is bucking the overall trend for recession, by growing by more than 4 per cent.
Bainbridge Island, WA, July 13, 2012 - The latest economic figures to come out of Romania show that the country’s forestry sector is bucking the overall trend for recession, by growing by more than 4 per cent. Forestry Research Associates (FRA) claims that this news will attract more foreign investment into the forestry industry in Eastern Europe.
FRA, a research and analysis organization, is a keen advocate of sustainable forestry projects and believes that investing in forestry can be a great way of diversifying a portfolio. “Forestry has a low correlation with equity markets and can also be a good option to offset inflation,” stated FRA’s analysis partner, Peter Collins.
In the first quarter of 2012, Romania’s GDP fell slightly, indicating the country is in recession, following a period of growth in 2011. However, the figures released by the country’s Statistics Institute, show that the forestry industry grew by 4 per cent. The growth in the forestry market and the fact that most analysts believe that the current slump is just a blip, means that foreign investors are likely to remain interested in Romania.
“Ethical investments, such as investing in plantation and sustainable forestry projects all over the world, are proving much more popular following the global economic crisis.
“We believe that countries like Romania will begin to attract more and more investment from foreigners in the coming year or so,” added Mr Collins.
Bogdan Ion, Ernst & Young’s managing partner, told Romanian Business Insider: "We see more and more investors attracted by the renewable energy sector. More privatizations are planned in the future, encouraging investors worldwide to look to our country.”
FRA supports a number of forestry projects run by firms like Greenwood Management in Brazil and elsewhere. “Investing in plantations is a good way to gain something tangible in exchange for your cash and can also help to prevent deforestation,” concluded Collins.
Contact:
Peter Collins
Forestry Research Associates
620 Vineyard Lane
Bainbridge Island, WA 98110
(206) 316 8394
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