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The anti-crisis measures of the Romanian government, hidden under the IMF loan
According to a Romanian scholar and economical analyst, the idea of some specialists, that the economical crisis in Romania will end by next January, is farfetched. “We have a numbed economy, and until the wheel starts spinning again, we will have to bear with this phenomenon.” Ion Rosca, Rector at the Economical Science Academy in Romania, says that the Romania is also experiencing a political crisis, generated mainly by the lack of transparency practiced by the cabinet and... citeste mai mult
The anti-crisis measures of the Romanian government, hidden under the IMF loan
According to a Romanian scholar and economical analyst, the idea of some specialists, that the economical crisis in Romania will end by next January, is farfetched. “We have a numbed economy, and until the wheel starts spinning again, we will have to bear with this phenomenon.” Ion Rosca, Rector at the Economical Science Academy in Romania, says that the Romania is also experiencing a political crisis, generated mainly by the lack of transparency practiced by the cabinet and... citeste mai mult
The annual inflation rate lowered to 5.86% in June because of cheaper food products
Inflation rose last month by 0.2% compared to the month of May, due to price increase in non-food products, while the annual rate decreased from 5.59% to 5.86%. Also, the National Bank of Romania (BNR) set a 3.55% inflation target for 2009 with a variation interval of one percent, and it estimates that the indicator will stop at 4.4% in December. The 0.18% foodstuff price drop in June was attributed to the price reduction in some base food products like cheese (-1.41%), eggs (-1.66%)... citeste mai mult
Romania: Land prices drop by up to 40%
Right now, land prices in Romania’s capital, Bucharest, vary between 200 and 859 Euros per square meter in non-central neighborhoods. In the semicentral part prices lowered from approximately 2.500 Euro per square meter, the price recorded last year, to 1.300 Euros and even 800 Euros in some cases. According to Vitali Ungureanu, real estate consultant for EuroMetropola, the reduced number of liquidities in Romania generated a 50 per cent drop in land market transactions this... citeste mai mult
