Archive » August 2010 » 12 August 2010 The english news from 12 August 2010
President Basescu is confident about Romanian economy's sound recovery
President Traian Basescu expressed his confidence that Romania's economy will witness a healthy recovery and he told the public radio it would be no comeback to the practices that affected the Romanian economy, namely the uncontrolled price rise in the real estate and the loans given based on the borrower's identity card, only.…
Romanians are now worse off than Bulgarians
Comparisons between the purchasing power of Romanians and that of our neighbors don't put us in a very good light. The latest data, collected after the crisis began, shows that even Bulgarians are now better off than us. According to the Numbeo.com portal, which is one of the largest databases regarding the cost of living, a Romanian has a net salary of 373.24 Euro, 56 Euro less than a Bulgarian…
The VAT increase caused a radical price boom. Cigarettes have gotten 25 prc more expensive in just 7 months
The VAT increase from 19 to 24% made the yearly inflation rate boom from 4.38% in June to 7.14% last month. The largest price hikes were for cigarettes, fruits, utilities and electricity. Last month, Romanians bought cigarettes that were 25.5% more expensive than they were in December 2009, the prices of citrus fruits and other meridional fruits went up 14% …
Romania's 2010 wheat crops to stand close to 5.6 million tonnes
Romania's 2010 wheat crops will slightly exceed 5.6 million tonnes, as 98 percent of the land under wheat has so far been reaped, state secretary with the Ministry of Agriculture and Rural Development Adrian Radulescu told Agerpres. 'We already have 5.6 million tonnes of wheat collected from 98 percent of the area under wheat, and I believe we will reap more than 100,000 tonnes from the remaining area, at an average crop yield of 2.8 tonnes per hectare,' said Radulescu. …