Archive » January 2010 » 14 January 2010 The english news from 14 January 2010
Over 655,000 bank debtors fall behind with payments
The individuals' loan payments to the banks more than 30 days overdue totalled 2.7 billion lei (629 million euros) on Nov. 30, 2009, up by 5.83 percent from October, while the number of the debtors having fallen behind with the payments stood at 655,907, according to figures made public by the National Bank of Romania on Tuesday…
Romania Plans To Cut Staff Spending By EUR100M Through Public Admin Layoffs
Romania's government estimates to cut staff costs paid out from local budgets by RON471.5 million (EUR114.4 million) in 2010, by sacking nearly 17,000 local administration employees, which will save nearly RON550 million over the next four years. Spending cuts were calculated in ratio with the total number of 16,742 sacked employees, social security contributions and the average gross wage…
RON/EUR exchange rate down to lowest level in nine months
BNR reference dropped yesterday 1.4 bani, to RON 4.1215/EUR, the lowest level in the last nine months. Referring to the economy of Romania, the Saxo Bank official believed that the GDP will advance 0.5 per cent in 2010, and the annual inflation rate will be 4.3 per cent, while the current account deficit will be 5.6 per cent of GDP…