The commercial industrial gases market in Romania was estimated to have generated revenues of $205m in 2016. This was up from $105m in 2006, indicating an average annual growth rate of 6.3% p.a. for the decade.
Between 2006 and 2016 GDP grew by an average of 4.2% p.a. or 2.2% p.a. when adjusted for inflation p.a. Pre-2009, the economy expanded consistently at above 5% p.a. However, the global financial crisis that followed saw the economy contract by 3.6%. In 2016, GDP grew at a rate of 3.4%.
Report Data: 2017
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This spring, the collaboration was strengthened as a result of a new phase of a space project being developed by ARCA, namely tests on the Haas 2C rocket engine. In order to carry out those tests, ARCA needed a reliable partner in the form of a supplier of liquid oxygen.
Month on month the gasworld website continues to be the primary portal for information, on a global scale, about our industry - be it through the provision of news and features, or information in the expansive company directory section. Launched in 2004, it is the only independent online news provider and information portal for the global industrial gas community and the larger end-user markets. The website also now incorporates news for gasworld US and Specialty Gas Report.
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