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Inflation in Romania reached its minimum value in the last two years: 4.94%
The inflation rate continued to keep it’s descending trend throughout the year in Romania. Thus, the annual inflation rate was at the end of September 4.94 percent, just 0.02% lower than the previous month. According to data provided by the Romanian National Institute of Statistics (INS) the inflation reached its lowest level in the last two years. The inflation dynamics on the other hand was extremely low this month, under this year’s patterns. For example, in July, the... citeste mai mult
Earnings evolution in Romania after nine months of crisis –financing: +34%, budgetary: - 7%
Employees earnings from the financial intermediation, energy and insurance sectors, have recorded the most significant accession since the international crisis started to show its effects on the Romanian market. During the October 2008 – June 2009 period, the average net salary in Romania saw a 3.9 percent increase. So, if at the beginning of the fourth trimester of last year the average net salary was 1.327 Lei, at the end of the first six months of 2009 the average net salary... citeste mai mult
Romania reached a 8.8% economical contraction – large companies in decline
The evolution of the recession was under analysts expectations, who estimated a drop of up to 10% for the April-June period of 2009. This is the fourth largest economical decline in the EU, after the Baltic area. Compared to the January-March interval, the decline was only 1.2%. Romania’s economy suffered a 8.8% contraction in the second trimester of this year, in contrast to the same period last year, and by 7.6% in the first semester of the year. According to analysts... citeste mai mult
Disaster on the Romanian real estate market: Transactions dropped 98%, up to 12 million Euros
The volume of transactions during the second trimester of this year reached the lowest level in the last 5 years. The decline is also significant for the first six months of the year in course, compared to the same period 2008. Real estate sales in the period April-June cumulated only 12 million Euros, which translates in a 98% drop when compared to last year’s period. In the second trimester of 2008, the total sum from transactions was 119 million Euros. Not even the... citeste mai mult
