News » December, 2010 » 16 December 2010
National Central Bank counsellor Adrian Vasilescu: recession is kept in the game by the 25% salary cuts
16.12.2010, 21:58 | Economy | 485 views
National Central Bank counsellor, Adrian Vasilescu declared for the public television TVR1 that the recession in Romania is still present due to the 25% salary cuts. Regarding the budget, Vasilescu said that the central bank does not see an austerity budget but an adjusting one and that the balance between spending and revenue is broken. Read more on Hotnews.ro
|
Latest news in category Economy
The industrial output in the Eurozone has increased above expectations in October, after dropping for two months in a row, which could mean that the expansion in the region may have accelerated towards the end of the year, according to Eurostat. read more...
Germany's trade with the rest of the world has slowed down in October, as its exports and imports fell compared to September, due to the difficulties on the emerging markets, especially in China, Brazil and Russia. read more...
The Organization for Cooperation and Economic Development (OCDE) has worsened its estimates concerning the growth of the world's economy, for the second time in the last three months, as the slowdown of the emerging markets is affecting other countries as well, such as Germany and Japan. read more...
|
|
