Archive » September 2009 » 28 September 2009 The english news from 28 September 2009
EC To Continue Infringement Unless Romanian Senate Adopts Act Setting Up Telecom Regulator
The European Commission warned the Romanian Government it will move to the second stage of the infringement procedure over Romania's telecom regulator unless the Senate urgently adopts the decree setting up the regulator ANCOM.…
EU structural and cohesion funds: an additional mission is badly needed!
The economic downturn is taking a very heavy toll worldwide. Many emerging economies have seen their prospects of economic growth brutally reduced. To paraphrase one of Paul Krugams's bestsellers, we are entering an age of diminished expectations. Central and Eastern Europe is one of the worst hit regions.…
CNP estimates unemployment rate to climb to 7.6 pct in 2009
The unemployment rate is to climb in 2009 to 7.6 percent from 4.4 percent in 2008 and the number of jobless is to reach 685,000 compared to 403,400 last year, according to the autumn preliminary projection released by the National Prognosis Commission (CNP).…
Poor bankers! BNR regulates bonuses
The National Bank of Romania (BNR) has decided not to allow any large bonuses in the banking industry. In terms of performance, bankers will be rewarded depending on their future successes, not just past ones, so developing successful, long-term strategies will be in their best interest.…
Romania's 8-Mo Budget Deficit At 4.5% Of GDP
Romania's consolidated budget deficit rose one percentage point in August, to 4.5% of the gross domestic product, the Finance Ministry said Friday. In nominal terms, the country's consolidated budget deficit rose to 22.3 billion lei (EUR1=RON4.2046) in the first eight months.…