Archive » January 2009 » 01 January 2009 The english news from 01 January 2009

  • Crisis drags tourism business back down to 2007 level

    The local tourism market rose some 20 percent year-on-year in the first 10 months of 2008, due to the business travel and outgoing segments. Players in the field were estimating a 25 percent increase of the outgoing segment and 10 percent growth on the incoming segment…

  • Romania's leu needs a hand from the fiscal policy to fight the stronger euro

    The coming year could bring an exchange rate of 4.2 lei over the euro in the first quarter in the worst-case scenario, as the national currency is weaker and is barely recovering from the blow of the economic crisis and the massive lending in foreign currency, analysts mull…

  • Romania's '08 Budget Deficit Almost 5% Of GDP, Govt Bills Unpaid

    The preliminary data for 2008 show a budget deficit of almost 5% of the gross domestic product, an economic growth of 8.3% and revenue worth EUR43 billion, EUR7 billion lower compared with the budget forecast, so that many of government's bills cannot be paid, Prime Minister Emil Boc stated Tuesday…

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