Archive » December 2007 » 12 December 2007 The english news from 12 December 2007
Inflation burns holes in pockets
The increase in prices continued to make holes in the Romanians' pockets in November as well, inflation growing by 0.93% against October on the background of the 1.2% rise in foodstuff prices, 0.6% in non-foods and 1.2% in service tariffs. Annual inflation reached 6.67% at the end of the first eleven months of 2007.…
Romanian MEPs To Be Paid EUR2,000 A Month - Sources
Romania's representatives in the European Parliament are to receive monthly wages of approximately EUR2,000, equal to the salaries of the MPs in Bucharest, official sources said Tuesday. The sources said the MEPs' salaries will be paid from the Romanian budget until the next EP elections in 2009…
Breaking the structural reform deadlock - essential, IMF official says
Fernandez-Ansola holds the view that the private sector, which is “quite dynamic and full of resources,” is the strong point of the economy. Following a year of few achievements in the area of structural reforms, Romania should break this deadlock, the representative for Romania and Bulgaria of the International Monetary Fund (IMF), Juan Jose Fernandez-Ansola, said during an interview…
Yahoo! enters the Romanian market
The Yahoo! portal is to launch on the Romanian market early next year, market sources told Business Standard. The first official announcement is to be made by the end of the year. Cafe company, the exclusive representative of Yahoo! in Romania, is to handle the portal’s media relations after its launch on the local market.…
There are still too many business taxes in Romania, says ambassador Taubman
In a recent interview to weekly Capital, US ambassador in Bucharest Nicholas Taubman talks about the Romanian business environment, which he terms dynamic, about the need to cut through red tape, Romania's picture with US business people, and a change in perception over how personal wealth is gathered in Romania.…