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.
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