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US dollar heading for year low and set to drop further
US dollar heading for year low and set to drop further
Isarescu warns against currency lending growth, has high hopes for low inflation
After having worried last year about the evolution of the main macroeconomic indicators, the National Bank of Romania Governor Mugur Isarescu can relax. Or at least this is what he implied y...
Inflation starts off with all-time low
The annual inflationary rate has gone down to an all-time low in the first month of 2004, reaching 13.9% compared with January 2003. The inflationary pressures maintained this January, even...
Hi-tech industry in Romania - many employees, low revenues
Romania is among the Central and Eastern European countries with the most people working in the hi-tech industry and services. However, the revenues per employee are among the lowest as comp...
Savings hit by low interests
Savings in the banking system increased only 1.1% in nominal terms in August, up to 94,990bn ROL, fuelling the central bank's concerns about eroding savings. The fast-paced decrease of inter...
Banks say 4% interest on euro BILLS is too low
The Finance Ministry did not manage to collect from banks any more than 68.6 million euros - whereas the initial demand amounted to 200 million euros, even though banks oversubscribed the is...
Birth control market low
Sales of contraceptives in Romania are still quite low, despite the diversification of the existing products. Thus, estimations point to a value of this market of merely four or five million...
Foreign debt keeps low profile
Romania still has the lowest foreign debt level in the entire region, as the medium- and long-term foreign debt totalled 13.9 billion euros at the end of May, down 3.8% since December 2002....
Greenspan's estimates send dollar higher, euro slips to two-month low
The US dollar yesterday climbed to the last two months' record-high against the single European currency (1.1125 USD/EUR), following an optimistic assessment of the American economy prospect...