Business in Romania blog
The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.

Wednesday, September 01, 2004
Business in Romania blog

One of the people I appreciate most in Romania is NBR's Governor, mr. Mugur Isarescu. I believe he is one of the few that managed to do a great job with the NBR, with very low (or none) political influence.

And this is again confirmed by his latest statement, regarding the inflation rate for 2004. This is from the Ziarul Financial financial newspaper:

"In July, the increase in inflation was more significant due to necessary
corrections of utility prices, which were not offset by decreases in the prices
of agricultural products. We hadn't expected this latter occurrence, but the
July evolution has been taken into account. Despite this higher increase in
July, the inflation rate after the first seven months of this year is still below
what the NBR had anticipated at the beginning of this year, by almost one
percentage point. We think inflation will be lower in August and therefore even
though there might be some peaks, we will not go beyond the 9% target this year,
December-to-December, and will register inflation of 6-7% in 2005", Isarescu

I would like to congratulate him and his team for this succes and I really hope he meets that 9% target.


Posted by Mihai : 9/01/2004 10:29:00 am Romania Inflation target at 9%
Business in Romania blog
Business in Romania blog

Business Archives

06/01/2004 - 07/01/2004
08/01/2004 - 09/01/2004
09/01/2004 - 10/01/2004
10/01/2004 - 11/01/2004
11/01/2004 - 12/01/2004
12/01/2004 - 01/01/2005
01/01/2005 - 02/01/2005
02/01/2005 - 03/01/2005
03/01/2005 - 04/01/2005
04/01/2005 - 05/01/2005
05/01/2005 - 06/01/2005
06/01/2005 - 07/01/2005
07/01/2005 - 08/01/2005
08/01/2005 - 09/01/2005
09/01/2005 - 10/01/2005
10/01/2005 - 11/01/2005
11/01/2005 - 12/01/2005
12/01/2005 - 01/01/2006
01/01/2006 - 02/01/2006
02/01/2006 - 03/01/2006
This is a Flickr badge showing public photos from Mihai Botea. Make you own badge here.

Add Business in Romania to My Yahoo!

Previous Posts


Business in Romania Feed Burner

Business in Romania is powered by Blogger

This website is proud to be designed by Mihai Dragan

I usually listen to THIS kind of music.