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.



Monday, November 01, 2004
Business in Romania blog
National Bank of Romania (NBR) Governor Mugur Isarescu said rising prices for oil and planned salary increases of as much as 20 percent to government employees ahead of the general elections (scheduled for November 28) may cause Romania to miss on its 9 percent inflation target for this year. However, annual inflation would not exceed 10 percent, he was quoted as saying by Bloomberg.

In other news, Romania plans to allow foreigners to make deposits in its domestic currency as of next April, as part of efforts to make the ROL fully convertible before the planned accession to the European Union in 2007. The ROL will become convertible on the international currency market later in 2005 or 2006, after Romania gives foreign investors full access to its domestic debt market and allows them to also make deposits at the central bank, Isarescu said. "We have to do this if we want to be part of the EU club," NBR Governor Mugur Isarescu maintained. "I'm an advocate of Romania joining the EU in 2007."

Sources: Bloomberg, ZF.

Posted by Mihai Botea : 11/01/2004 01:25:00 pm the 9% inflation target to be missed
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


www.flickr.com
This is a Flickr badge showing public photos from Mihai Botea. Make you own badge here.


Add Business in Romania to My Yahoo!
Google


Previous Posts

Links

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.