Archive » January 2009 » 07 January 2009 The english news from 07 January 2009
Main rate - The central bank targets proper level of liquidity to avoid pressures on the weaker leu
Financing the public deficit and unlocking the clogged lending need a proper level of liquidity in the banking system which should discourage the exchange rate's volatility as the leu already fell to a four-year low, the central lender's BNR detailed release reads…
Euro exchange rate officially leaps beyond 4 RON, analysts see new increases ahead
The euro officially crossed the psychological threshold of 4 RON in the first day of trading of the year, for the first time since November 2004, and the way now looks paved for new increases…
The Russia-Ukraine gas price feud hits Romania
The two thirds decline of natural gas deliveries from abroad could lead to higher prices for thermal energy in some areas, as all energy producers were forced to use alternative fuels, such as heating oils and coal. Romania received 75 percent less natural gas from Russia yesterday, due to the Moscow-Kiev dispute over gas prices. On Friday, gas imports through Ukraine had fallen by 30-40 percent…
A 50% Wage Hike For University Professors Is Too High - Romanian Education Min
The teachers' wage hike will be included in the draft budget, but a 50% increase is too high for university professors, Romanian Education Minister Ecaterina Andronescu said after talks with the union representatives. Andronescu said on the backdrop of this year's economic problems the reasonable measure would be to have lower wage hikes for university professors, even if the Education Ministry is to get 6% of the Gross Domestic Product …