Archive » August 2010 » 20 August 2010 The english news from 20 August 2010

  • Romania needs a new loan

    After concluding the agreement with the IMF and the European Commission, Romania should continue its partnership with the international institutions so as to avoid an economic slide. Romania needs a new loan from international institutions, not necessarily for the money but as a guarantee that the economy is on track, which would in turn bring in foreign investors.…

  • Croitoru, BNR: Romania cannot have sustainable growth, it cannot save money

    Romania cannot have a sustainable economic growth as the level of savings is very low, an alternative way being, in this context, maintaining coherent policies to draw foreign capital, Lucian Croitoru, advisor to the National Bank of Romania (BNR) governor, told a press conference yesterday, quoted by Agerpres. "The income per capita out of which money can be saved is very low.…

  • Labour Code to be modified this autumn

    Modifying the Labour Code this fall should bring a much simpler partnership between employer and employee, believes the minister of Economy, Adriean Videanu, quoted by Mediafax. According to the minister, Romania should stop wasting resources on useless welfare schemes, as some 11 million Romanians are receiving aid from a state than already ran out of resources.…

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