News » January, 2011 » 10 January 2011
Good news for macroeconomy, but real economy still suffers
10.01.2011, 00:11 | Finance-Banks | 769 views
The Romanian state is starting the year with a lot of cash on its hands, i.e. 900 million euros from the IMF and another 2.5 billion euros set to come from the EU and the World Bank, while in the real economy private companies continue to make people redundant, close businesses and file for insolvency. As a result, a growing discrepancy emerges between the abundance of cash in the coffers of the NBR (National Bank of Romania), of the state, and of the financial market on one hand, and the private sector on the other, which has been deprived of cash and orders for too long, and is unable to recover from the successive shocks it experienced last year. Read more on ZF.ro
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