Romania's joining of the fiscal pact, concluded by the European leaders at the summit which was held in Brussels at the end of last week, will have a favorable effect on the economy, and will result in more disciplined macroeconomic policies, Valentin Lazea, chief-economist at the Romanian National Bank (NBR) said on Friday, at the EU-COFILE seminar, hosted in Sinaia by the NBR, the Romanian Banking Association and Alpha Bank. read more...