Archive » February 2010 » 09 February 2010 The english news from 09 February 2010

  • EU Gives Romania Until 2012 To Correct Budget Gap

    The European Commission on Monday recommended Romania be given until 2012 to bring its budget deficit down to 3% of the gross domestic product, in light of the country's "effective" corrective measures taken so far. The deadline extension will be discussed at the next Ecofin meeting on February 16, the Commission said in a statement…

  • Isarescu says 5.9 pc deficit reasonable

    A budget with a deficit of 5.9 per cent of GDP is reasonable in the current context, being a centrepiece of the program with the IMF and the European Commission, Mugur Isarescu, the Governor of the National Bank of Romania, stated last Friday. 'A budget with a deficit of 5.9 per cent of GDP cannot be welcomed by a central bank…

  • Romania's January Unemployment Rate Rose to 8.1%

    In the first month of the year, Romania's unemployment rose at 8.1%, the highest level since January 2003, when it reached 8.6%, according to official data showed Monday by the National Employment Agency ANOFM. The total number of unemployed people rose to 740,982 in January, from 709,383 in December…

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