Archive » November 2009 » 09 November 2009 The english news from 09 November 2009
The future government to prepare itself for 10% each in public expense cuts and unemployment
Romania lacks a government capable of obtaining the Parliament's vote of confidence, which is why the country cannot finalize the 2010 budget, so it is unable to obtain the bail-out loan tranches from the International Monetary Fund and the European Commission, forcing the Treasury to seek massive financing resources on the domestic market…
Romania To Resume Pork Exports To EU Next Year - Acting PM
Romania will resume next year exports of pork products processed in the country to EU member states and will later export pork produced locally in its entirety, acting Prime Minister Emil Boc said Friday. Because of swine fever, Romania is forbidden from selling pork and salami and sausages made from pork in EU states, but may sell them locally…
Franks: Next loan tranche released as soon as political gridlock solved
The next loan tranche will be released as soon as Romania overcomes the current political gridlock, chief of the International Monetary Fund (IMF) mission to Bucharest Jeffrey Franks said on Friday. 'We made progress in the past ten days of talks with Romanian authorities'…
CNP maintains economic downturn at 7.7 pc in 2009
The National Prognosis Commission (CNP) has maintained its estimate on an economic downturn of 7.7 per cent in Romania in 2009, anticipating an economic growth of 0.5 per cent in 2010, according to the final draft of the autumn prognosis recently published on the CNP website. For 2011 the CNP's final autumn prognosis estimates an economic growth of 2.4 per cent, while for 2012 it estimates a growth of 3.7 per cent…