Investments Continue Despite Economic Woes

International mass grocery retail (MGR) operators continue to demonstrate their commitment to the Romanian market with a series of aggressive expansions, as discussed in BMI's recently published Romania Food & Drink Report for Q208. This is all the more impressive given the troubled macroeconomic climate in the country, and the growing concerns over the economy's stability. Romania's vast and widening current account deficit is its largest macroeconomic imbalance and the country is likely to be one of the first and the heaviest hit by any further downturn in global investor sentiment. Growth in the Romanian economy, which has averaged over

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