Archive » June 2010 » 30 June 2010 The english news from 30 June 2010

  • Who inflated the exchange rate?

    The Romanian Leu registered its worst exchange rate in history on Monday, of 4.3257 Romanian Lei/Euro, up 4.5 pennies since Friday. This time, the fall of the Romanian Leu wasn't due to a speculative attack but to the fact that large companies, wealthy Romanians, as well as regular people, after a week during which pension cuts and VAT increases were annulled and approved, ran to the banks and exchange…

  • FinMin Sebastian Vladescu: IMF Board to meet on July 2

    The International Monetary Fund (IMF) Board will meet on July 2, Romanian Minister of Public Finance Sebastian Vladescu on Tuesday announced. "The International Monetary Fund Board will meet on July 2 and not on Wednesday, as initially set, due to technical reasons, " Vladescu said at a press conference held jointly with the Minister of Administration and Interior Vasile Blaga on topic of combating tax evasion.…

  • Wage law to be enforced following Parliament vote

    The Law on several measures required to restore the budget balance is to take effect following the nearly unanimous vote passed by the Romanian lawmakers. After the Constitutional Court ruled that the Law is constitutional, the vote cast by the Parliament's joint Chambers was a mere formality, having been taken under the pressure of the need that the act should take effect by the next meeting…

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