Expats

Leave a Reply [Sep 04, 2011] His Excellency Andreas von Mettenheim, German Ambassador to Bucharest, stated in an interview for ?Romania Libera? that he supports limiting the budget deficit to 3 per cent through the Constitution, carrying on with the austerity measures and avoiding expenditures that have an electoral character. [via YahooNews] More >>

Romania?s Credit Rating Raised to Investment Grade by Fitch [Jul 04, 2011] Romania had its credit rating raised to investment grade by Fitch Ratings for the first time in almost three years after the government sought to cut the budget deficit and the economy exited a two-year recession. [via YahooNews] More >>

IMF Says It Approved $683 Million Precautionary Disbursement to Romania [Jun 28, 2011] The International Monetary Fund approved a $683 million stand-by payment to Romania after the Balkan nation trimmed spending to keep its budget deficit below the target set under a precautionary loan. [via YahooNews] More >>

Romania Meets IMF's Budget-Deficit Target as Revenues From Higher VAT Rise [Oct 26, 2010] Romania?s budget deficit widened in September from the previous month to 4.56 percent of gross domestic product, below the target set by the International Monetary Fund in the Balkan nation?s bailout-loan agreement. [via YahooNews] More >>

Romanian teachers protest wage cuts [Oct 05, 2010] BUCHAREST, Romania (AP) -- About 5,000 Romanian teachers and education employees protested today in the capital over austerity measures implemented by the government to trim the budget deficit amid a [via YahooNews] More >>

Thousands of Romanian teachers protest wage cuts [Oct 05, 2010] (AP:BUCHAREST, Romania) About 5,000 Romanian teachers and education employees protested Tuesday in the capital over austerity measures implemented by the government to trim the budget deficit amid a deep recession. [via YahooNews] More >>

Thousands of Romanian teachers protest wage cuts [Oct 05, 2010] (AP:BUCHAREST, Romania) About 5,000 Romanian teachers and education employees protested Tuesday in the capital over austerity measures implemented by the government to trim the budget deficit amid a deep recession. [via YahooNews] More >>

Thousands of Romanian teachers protest wage cuts [Oct 05, 2010] BUCHAREST, Romania - About 5,000 Romanian teachers and education employees are protesting in the capital over austerity measures implemented by the government to trim the budget deficit amid a deep recession. [via YahooNews] More >>

Thousands protest in Romania over austerity moves [Sep 28, 2010] (AP:BUCHAREST, Romania) About 5,000 Romanian workers protested Tuesday against austerity measures taken by the government to trim the budget deficit during a deep recession. [via YahooNews] More >>

Thousands protest in Romania over austerity moves [Sep 28, 2010] BUCHAREST, Romania - About 5,000 Romanian workers are protesting over austerity measures taken by the government to trim down the budget deficit amid a deep recession. [via YahooNews] More >>

Romania needs to borrow $11b [Sep 23, 2010] BUCHAREST (Romania) - ROMANIA needs to borrow almost euro6 billions (S$10.6 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, President Traian Basescu said. On Wednesday, at least 10,000 protested in Bucharest against wage cuts and other austerity measures, authorities said. Angry protesters ... [via YahooNews] More >>

Romania needs to borrow $7.9 billion in 2011 [Sep 22, 2010] (AP:BUCHAREST, Romania) Romania needs to borrow almost euro6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, President Traian Basescu said. [via YahooNews] More >>

Romania needs to borrow $7.9 billion in 2011 [Sep 22, 2010] (AP:BUCHAREST, Romania) Romania needs to borrow almost euro6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, President Traian Basescu said. [via YahooNews] More >>

Romania needs to borrow $7.9 billion in 2011, will sign new IMF deal in 2011 [Sep 22, 2010] BUCHAREST, Romania - Romania needs to borrow almost euro6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, the president said. [via YahooNews] More >>

Romania needs to borrow $7.9 billion in 2011 [Sep 22, 2010] (AP:BUCHAREST, Romania) Romania needs to borrow almost euro6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, the president said. [via YahooNews] More >>

Romania Sells Fewer Bills Than Planned as Investor Concerned Over Deficit [Sep 13, 2010] Romania sold less debt than planned for the second time this month as investors sought higher yields on concern the country will fail to meet its budget-deficit target amid mounting political instability. [via YahooNews] More >>

Leu May Weaken to 4.35 Per Euro on Romania's Austerity Measures, ING Says [Aug 16, 2010] Romanias leu may weaken 2.6 percent versus the euro within three months because more austerity measures are needed to narrow the nations budget deficit and the recession may last another year, ING Groep NV said. [via YahooNews] More >>

Fitch Affirms Romanian Credit Ratings, Sees Challenges to Deficits Cuts [Aug 09, 2010] Romania had its BB+ long-term foreign-currency and BBB- long-term local-currency rating affirmed by Fitch Ratings, which said the country faces significant challenges in cutting its budget deficit. [via YahooNews] More >>

Romanian Recession Will Deepen on Government Cuts, BOA Merrill Forecasts [Jul 12, 2010] Romanias recession this year will be deeper than previously seen as the government cut spending and raised the value-added tax to curb a swelling budget deficit, Bank of America Merrill Lynch said. [via YahooNews] More >>

Romania to cut 53,000 government jobs [Jul 01, 2010] (AP:BUCHAREST, Romania) Romania plans to cut over 53,000 public jobs as part of a package of austerity measures aimed at reining in the budget deficit, officials said on Thursday. [via YahooNews] More >>