Stagflation, reflected in a stagnation of the economic activity and continuation of an inflationist process is being felt in Europe including Romania, Stefan Wagstyl Financial Times editor for emerging markets writes in his blog, beyondbrics. He notes that the annual inflation increased in March at 8% while the economy is struggling to grow after two years of recession. read more...

Economic recovery will be slower in some emerging European countries that registered internal unsustainable booms like Romania, the World Economic Outlook report released by the IMF reports. Experts of the institution estimate that after a 1.3% decline in 2010, Romania’s economy will grow by 1.5% this year and by 4.4% in 2012. read more...

CFR Marfa, the national freight railway company notified unions and labour inspectors about its plans to lay off 3,000 employees even though the negotiated numbers with the unions was 2,400 starting June 1st, union leader Iulian Mantescu declared quoted by Romanian news agency Mediafax. read more...

Romania’s economic relaunch will continue to speed up on bumpy roads with an industry production sustained by export demands while internal consumption will remain weak due to restrictive fiscal policies, a Capital Economics analysis reads quoted by Romanian news agency Mediafax. read more...

Russian President Dmitri Medvedev will decorate on Tuesday, the astronauts that contributed to the space exploration including Romanian Dumitru Prunariu, Romanian news agency Agerpres reports quoting the Kremlin’s press service. read more...