Eurostat: Romania posts highest labour cost rises in Q3
December 14, 2008
Romania posted 21.2 percent rise in the hourly labour cost in an adjusted from (by the number of weekdays), in the third quarter of 2008 compared to the same period last year, with this being the highest rise recorded in the 27 member states of the European Union, show figures released by the European Statistics Office (Eurostat) on Friday. Read more
Romania’s trade deficit rises to 19.19 billion euros January through October 2008
December 14, 2008
Romania’s FOB-CIF trade deficit advanced by RON 70.013 billion (19.196 billion euros) in the first ten months of 2008, exceeding by RON 13.009 billion (1.937 billion euros) the deficit one year before, according to preliminary estimates of the National Statistics Institute (INS). Read more
Maritime ports closed because of strong wind
December 13, 2008
The seaports of Constanta Nord and Constanta Sud (south-eastern Romania at the Black Sea) and the river-maritime sector Constanta Sud-Agigea were closed because of the storm which swept the Romanian seaside as of Friday evening. Read more
President Basescu: We will have a new government, on Dec 22
December 12, 2008
President Traian Basescu said, on Friday, that Romania will have a new government, on Dec 22.
The head of state has been asked by journalists, on board of the plane, when he returned from Brussels, if the new government takes office before Christmas, he has answered in the affirmative.
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Eugen Radulescu: Priority of Central Bank is protection of hard-currency reserves
December 11, 2008
Romania’s Central Bank (BNR) has as a priority the protection of the level of mandatory reserves, said, on Thursday, an official of the central bank, asked by the press about the possible ’safeguarding’ of a euro-leu rate of exchange, for keeping inflation under control. Read more
