Archive » March 2009 » 15 March 2009 The english news from 15 March 2009
Romania's government negotiates with the IMF over 3-3.5% budget gap in a recession scenario
One of the variants negotiated today by the government with the International Monetary Fund (IMF),part of the on-going talks over a financial aid, is a 3-3.5 percent budget deficit this year in the pessimistic economic recession scenario, people from the Cabinet told NewsIn…
More harm done by protecting weak companies
One of the incorrect measures taken by governments, in their attempt to soften the impact of the crisis, is to protect weak industries and companies, according to Vittorio Colao, CEO of the largest telecom operator worldwide, Vodafone, in an exclusive interview…
Romania's Pension Sys Affected By Population Ageing, Black Market Labor
Romania's pension system will be seriously affected on the long run by the low number of contributors in ratio with beneficiaries, the low employment rate among elderly workers and the expansion of the black market labor, according to a report of the European Commission…
BNR Governor highlights need for preventive external financing
Governor of the National Bank of Romania (BNR) Mugur Isarescu on Friday highlighted the need for preventive external financing to secure Romania's economic development and protect the economic interests of the population, the Government reports in a press release…