ECONOMY

Romanian GDP sees 7 pct growth

BUCHAREST (Reuters) – Romania’s gross domestic product may grow by 7 percent this year, with farming output seen hitting the highest level in 15 post-communist years, Prime Minister Adrian Nastase said yesterday. The economic growth in the Balkan country, which hopes to join the European Union in 2007, is officially targeted at 5.5 percent this year, up from 4.9 percent in 2003. «This year’s economic growth will probably be 7 percent,» Nastase told a meeting with local government representatives. «We have the chance of a very good crop, probably the best in the past 15 years.» Romanian officials forecast a 2004 wheat crop of around 6 million tons, sharply up from last year’s 2.5 million, when yields were ravaged by drought. Nastase said wheat harvesting is completed on almost 90 percent of the area but he gave no output figures.