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Focus Romania- Structural reforms are urgently required to boost the medium term growth prospects of Romania

• Inflation eased further to 5.25% yoy in March vs. 6% yoy in January. The Central Bank left interest rates unchanged at 5.25% on March 28th, hinting that the next move will be a rate cut
• The implementation of structural reforms in the broad government sector could work as a catalyst for releasing the growth potential in the medium-term.
• Romania is about to exit the Excessive Deficit Procedure in 2013