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Saturday, May 21, 2005
Mr. Mugur Isarescu, Governor of National Bank of Romania, announced a couple of days ago that probably the inflation for this year will be around 7.5%. This figure is slightly higher than the predicted 7 percent.
The inflation rate in 2004 was 9.3 percent and this should be reduced as we approach the EU. Also, the government aims to trip the budget deficit to about 0.7 of GDP, from 1.5 percent planned initialy.
Posted by Mihai : 5/21/2005 11:46:00 pm
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