Archive » August 2009 » 05 August 2009 The english news from 05 August 2009
IMF proposes blanket salary law should be put off
The International Monetary Fund (IMF) delegation yesterday met with representatives of trade unions and employers’ association to propose that the passage of the blanket salary law should be delayed in order to allow for mock-ups being implemented of the salary system concerned.…
CBRE: Bucharest Shopping Centers Value Dn 46% YY In June, Strongest Fall In CEE
The value of the shopping centers in Romanian capital city Bucharest dropped by over 46% between June 2008 and June 2009, on increasing yields and lower rents, being the strongest decrease in the Central and Eastern Europe, according to real estate services company CB Richard Ellis.…
Romania's central lender slashes key rate to 8.5%, cuts reserves to 30% for foreign currency
The central lender BNR decided to reduce the monetary policy rate from 9 percent to 8.5 percent per year, according to analysts' expectations, but surprised the market by cutting minimum mandatory reserves for foreign currency from 35 percent to 30 percent.…
IMF agrees to delay of public servant salary law
The International Monetary Fund (IMF), which is currently assessing Romania’s economic indicators in order to decide whether to release the second tranche of a stand-by agreement, is willing to allow the local government to delay the unitary salary legislation for employees in the public sector until after the presidential elections scheduled for this fall…