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Farmers consider banks most harmful “pests” in the Romanian agriculture
Farmers and officials in the Ministry of Agriculture consider banks to be one of the main obstacles in the advancement of Romanian agriculture. Land fragmentation is another big problem in today’s land cultivation as is the lack of adequate subventions. These are the conclusions that participants of a national agriculture conference drew. According to statements from the former Romanian minister, Dacian Ciolos, Romanian agriculture could recover with money from banks, but... citeste mai mult
Farmers consider banks most harmful “pests” in the Romanian agriculture
Farmers and officials in the Ministry of Agriculture consider banks to be one of the main obstacles in the advancement of Romanian agriculture. Land fragmentation is another big problem in today’s land cultivation as is the lack of adequate subventions. These are the conclusions that participants of a national agriculture conference drew. According to statements from the former Romanian minister, Dacian Ciolos, Romanian agriculture could recover with money from banks, but... citeste mai mult
Budget cuts, in the first reading: “trimmings” on all levels
The Romanian government discussed yesterday, in its first reading, the state budget cuts and the social insurance budget, in order to adjust the national deficit from 4.6% to 7.3% of the Gross Domestic Product (GDP). “The budget cut will make adjustments in all the ministries, in an even matter, because my interest is to ensure the functioning of the state and money for investments. The staff budget cut is also taken into account, by introducing 10 days of vacation, of the... citeste mai mult
The IMF gives Romania a 1.14 billion dollar “bonus”
The International Monetary Fund (IMF) has granted the allocation of Special Drawing Rights (XDR) in total value of 316 billion dollars, of which Romania will receive 1.14 billion. The IMF initiated a liquidity supplementation program for all member states. This is done by increasing their money reserves, as a follow-up of the commitment the IMF made during the G20 summit in April. Through this measure, approved on the 7 th of August, the Fund will allocate Special Drawing Rights... citeste mai mult
