Archive » July 2009 » 31 July 2009 The english news from 31 July 2009

  • Economic contraction of 8 pc this year, Fin Min Pogea says

    The IMF will be flexible in the negotiations on the hiking of the budget deficit target against the backdrop of worsening macroeconomic indicators however for the time being it is unable to put forward an exact figure, Jeffrey Franks, the head of the IMF mission that is evaluating the agreement with Romania, stated yesterday…

  • Basescu: We will not be able to meet parameters established with IMF in H2

    Romania will not be able to meet the parameters established for the second half of this year with the International Monetary Fund (IMF), because of the economic crisis, Romanian President Traian Basescu on Thursday told a public radio station…

  • BCR Group profit down 20.1% in the first half, to 606.8 million lei

    BCR group's net profit after tax and minority interests fell by 20.1% in the first half, to 606.8 million lei (144.2 million euros), mainly due to higher costs for provisions and reduced revenue from commissions, generated by reductions in consumptions. The profit reported by the group is above the average estimates of the analysts cited by Reuters, of 131 million euro…

  • Romania's government sees an economic contraction in 2010 as well,after a 7% shrink of GDP this year

    The new macroeconomic prognosis considered by Romania's government indicate an economic contraction of 7-7.5 percent this year and a follow-up of recession in 2010 as well, as the gross domestic product (GDP) could lower 1-2 percent, people close to the negotiations with IMF delegation told NewsIn…

  • Basescu: Romania and USA need a new joint project portfolio

    Romania and the United States of America must build, once the new Administration is installed in Washington, a new joint project portfolio, stated President Traian Basescu on the public radio station. According to the head of state, the two countries had during Bush Administration such a portfolio, on which the Romanian-American cooperation was based…

  • Romania President Suggests Final Break With Voronin

    Romanian President Traian Basescu has said that Moldovan President Vladimir Voronin can no longer count on his support, RFE/RL's Moldovan Service reports. Basescu was speaking on Romanian state radio soon after the results of the July 29 elections in neighboring Moldova suggested that Voronin's long-ruling Communists had lost their majority in parliament to a pro-European assortment of challengers…

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