Archive » June 2009 » 24 June 2009 The english news from 24 June 2009
Romania's economic drop of 4% is feasible, but could be worse, central lender official says
The prognosis of a 4 percent economic contraction in Romania remains feasible, declared the central lender (BNR) vice governor Cristian Popa, who does not rule out a wider drop in the gross domestic product (GDP) given the evolution below expectations in the first quarter…
Patriciu: The state should sell buildings worth billions
Dinu Patriciu, the wealthiest Romanian, who controls businesses in the oil, real estate, IT, and media sectors, expects the economy to decline 7-10 percent this year and estimates that the state will face difficulties in paying pensions and public sector employee salaries as of September…
Romania Jan-May New Car Sales Fall 49.2% YY To 57,894 Units
New car sales in Romania dropped 49.2% on the year to 57,894 units in the January-May interval, the Automotive Manufacturers and Importers Association, or APIA, said in a statement Tuesday. In January-May 2008, new car sales stood at 114,020 units…
EC and Romania sign Memorandum of Understanding on EUR 5 bln
The Memorandum of Understanding (MoU) sets the terms for the release of the EU financial assistance to Romania, starting with a first installment of EUR 1.5 bln expected next month, the European Commission informed on Tuesday. The policy conditions include measures in the area of fiscal consolidation, fiscal governance, structural reforms as well as financial sector regulation and supervision…