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Romanian Economy Ready To Start Anew - Ctrl Bk Head
09.03.2011, 12:59 | Economy | 1041 views
Romanian economy is ready to enter a new growth cycle, after more than two years of recession, but the authorities must take things “slowly” to avoid a possible relapse, central bank governor Mugur Isarescu said Wednesday. Speaking at the Gulf Cooperation economic council in Bucharest, Isarescu said the new growth cycle should rely on both local production and exports. "This would translate into a sustainable, financeable external deficit and will help us exit the vicious cycle created by the recession," he said. Read more on Mediafax.ro
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