News » September, 2011 » 20 September 2011
Romania To Set 2012 GDP Growth Target In October, In Talks With IMF – PM
20.09.2011, 17:33 | Finance-Banks | 1292 views
Romania's economic growth forecast, used in drafting the state budget for next year, will be determined by the Government in October, through consultations with the International Monetary Fund, European Commission and World Bank, Prime Minister Emil Boc said Tuesday. Boc said the Government keeps 1.5% as the target GDP growth for 2011. The official growth forecast for 2012 is 3.5-4%. Recently, however, Boc has said that expectations on the economic performance of many European Union member states are quite bleak, indicating that the economic crisis is not over, which may indirectly affect Romania's growth. He also explained that any salary raise in the public sector next year depends on budget resources, so no promises can be made unless growth of 3.5% is achievable. Read more on Mediafax.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
