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Tuesday, August 16, 2005

Romania economy grows 5.9 percent in 2Q

Romania's economy grew 5.9 percent in the first quarter this year compared with the same period last year, the national statistics office said Tuesday.

The service sector was the country's main economic growth engine main showing a 6.8 percent rise from the same period last year, while industry grew by 5 percent and agriculture by 1.8 percent.

Romania's National Bank Governor - Mugur Isarescu - said the bank expects inflation to drop to 7.5 percent for 2005 and 5 percent for 2006, down from 9.3 percent in 2004.

This plain news made it to most of the major newspapers in the world, from Business Week to Forbes and and MSN Money, which hopefully will improve our image in the international business world.

Posted by Mihai : 8/16/2005 08:41:00 pm