Archive » August 2010 » 05 August 2010 The english news from 05 August 2010

  • IMF evaluation: Economic decline of 1.9 pc in 2010

    After more than one week worth of talks with Romanian authorities, negotiations and statements more or less encouraging, the joint delegation of the International Monetary Fund (IMF), the European Commission (EC) and the World Bank concluded its evaluation towards a likely third instalment under the stand-by loan agreement aimed at redressing Romania's financial situation. A first conclusion was that Romanian economy …

  • INS: Net salary down 0.4 pc in June from May

    The average net pay in June was of 1,422 RON, down 0.4 per cent, 6 RON, from May, yet up 3.1 per cent against the year-on-year figure, with financial brokerage being the highest paid sector, and the hotel and restaurants sector, the lowest, according to Mediafax. The gross average salary in June stood at 1,951 RON, 0.6 per cent down from the previous month, according to a release by the National Institute of Statistics (INS).…

  • BNR keeps monetary policy rate at 6.25 pct per annum

    The Administration Board of the National Bank of Romania (BNR) on Wednesday decided to keep unchanged the monetary policy rate at 6.25 percent per annum; to ensure an adequate management of liquidity in the banking system, and also to maintain the existing levels of minimum reserve requirement ratios on both leu-denominated and foreign currency-denominated liabilities of credit institutions.…

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