Archive » May 2010 » 20 May 2010 The english news from 20 May 2010

  • Central bank vice-governor: Liquidity far lower in Romania at crisis onset

    Vice-governor of the National Bank of Romania (BNR) Cristian Popa considers that the onset of the economic crisis found Romania with a liquidity far lower than today, and the correction operated through government securities has, to a certain extent, dispelled market tension…

  • BNR Governor: Corrections unavoidable, both of economy and wages

    Sole solution is to make budget payments within reasonable limits, to make corrections in a transparent manner and to create jobs, stated on Tuesday Romania's National Bank Governor Mugur Isarescu in a seminar on monetary policy…

  • Gov't to earmark 6.4pc of GDP for investment

    The Romanian Government will earmark 6.4 percent of the country's Gross Domestic Product (GDP) for investment, state secretary with the Ministry of Economy Maria Parcalabescu said. 'The Romanian Government will allocate 6.4 percent of the GDP for investment, which is the largest GDP share allocated in the past 15 years. Earmarking the money for investment will have a multiplying effect and will generate economic recovery,' she said…

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