Archive » July 2010 » 25 July 2010 The english news from 25 July 2010

  • Romanians working abroad, number two in Europe in sending money back home, after the Spanish

    Despite the global financial crisis, Romanians working abroad continue to send money back home, even though less money, irrespective of whether they work in E.U. countries or outside the European Community. Last year they transferred some 3 billion Euro to the accounts of relatives in the country, as compared to 5.156 billion Euro in 2008, and came in second within E.U. Member States, after Spain (4.82 billion Euro…

  • IMF backs Romania plan to relax 2010 deficit target

    The International Monetary Fund on Friday said it supported Romania's proposal to relax the 2010 deficit target. In its annual review of Romania's economy, the IMF applauded Romania's efforts this year to put its fiscal house in order under an IMF-supported bailout package, forecasting a pickup in growth to 3.5 percent in 2011. An IMF mission is to visit Romania between July 26 and August 4 to assess the country's…

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