News tagged "economy"
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IMF to Romania: Cap wage increases to help growth
An International Monetary Fund official says Romania's economy will grow slightly this year.
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Romania's anti-austerity protests
In 2009, Romania took a two-year $27.5 billion loan from the International Monetary Fund, the European Union and the World Bank as its economy shrank by 7.1 percent. It imposed harsh austerity measures under the agreement, reducing public wages by 25 percent and increasing taxes. Anger has mounted over the wage cuts, slashed benefits, higher taxes and widespread corruption. Ongoing protests for ...
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IMF revises Romania's economy growth forecast
The Associated Press The Associated Press BUCHAREST, Romania An International Monetary Fund official has revised down Romania's economic growth forecast for 2012 because of economic difficulties in Europe. Jeffrey Franks says Monday the country's economy should grow by 1.8 to 2.3 percent next year if consumer spending increases and Romania absorbs more European Union funds. The IMF had ...
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IMF, EU to conduct new evaluation mission in Romania
(BUCHAREST ) - The International Monetary Fund and the European Union will conduct a new evaluation mission in Romania from October 25 to November 7 to look at the Balkan country's economy.
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Anger in Romania over Nokia closure plans
CLUJ, Romania - Romanian authorities and employees of mobile phone giant Nokia were in shock Thursday after the Finnish firm said it would close its unit here in a severe blow for the economy.
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Romania's 2011 GDP revised upwards
BUCHAREST : Romania 's economy will likely grow 1.7 percent this year boosted by a better-than-expected harvest, above a 1.5 percent government and International Monetary Fund forecast, the head of the national forecast committee was quoted as saying.
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Romanian president to hold crisis talks
BUCHAREST, Romania: The Romanian president told key officials Tuesday that public spending needs to be further reduced and salaries and pensions cannot be raised without borrowing ? but he denied the country's economy was in crisis.
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Romanian president to hold crisis talks
The Romanian president told key officials Tuesday that public spending needs to be further reduced and salaries and pensions cannot be raised without borrowing -- but he denied the country's economy was in crisis.
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Additional news "Business News"
The Turkmen leader outlined a number of sectors of Turkmen economy, the most attractive for investment. ?Turkmenistan is in its hydrocarbon reserves is one of the first places in the world.
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Romanian minister nixes IMF hopes of wage hikes
Romania's labor minister says it would be foolish to increase public sector wages, days after an International Monetary Fund official said the country could afford to do so, as the economy rebounds.
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IMF: Romania's economy growing again
share: digg facebook twitter BUCHAREST, Romania (AP) ? An International Monetary Fund official on Monday praised Romania for sticking to austerity measures, saying the East European nation can afford to increase public sector wages as the economy rebounds. [...] the good news is tempered by the fact that wages will still remain lower than in 2010 when the government began tough austerity ...
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Romanian economy recovering but measures still needed: IMF
(BUCHAREST ) - Romania's economy is recovering and on track for solid growth in 2012 but authorities must continue efforts to cut back public spending and reform state-owned enterprises, the IMF said Monday.
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IMF says Romania's economy growing again; public sector wages may be increased
BUCHAREST, Romania - An International Monetary Fund official says Romania can afford to increase public sector wages as the economy rebounds.
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Hometownstations.com-WLIO- Lima, OH News Weather SportsIMF: Romania's economy growing again
BUCHAREST, Romania (AP) - An International Monetary Fund official says Romania can afford to increase public sector wages as the economy rebounds.
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IMF: Romania's economy growing again
An International Monetary Fund official says Romania can afford to increase public sector wages as the economy rebounds.
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Romania?s Credit Rating Raised to Investment Grade by Fitch
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.
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Romania comes out of two-year recession
The Associated Press The Associated Press BUCHAREST, Romania Officials say Romania's economy expanded by 0.6 percent in the first quarter, meaning the country has officially emerged from a two-year recession as strong exports and industrial output offset weak domestic demand. The National Statistics Institute in Bucharest published the figure Friday. It follows 0.1 percent growth in the fourth ...
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Romania comes out of two-year recession
Officials say Romania's economy expanded by 0.6 percent in the first quarter, meaning the country has officially emerged from a two-year recession as strong exports and industrial output offset weak domestic demand.
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Romania comes out of two-year recession
Officials say Romania's economy expanded by 0.6 percent in the first quarter, meaning the country has officially emerged from a two-year recession as strong exports and industrial output offset weak domestic demand.
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Romanian economy on track but reforms needed: IMF
(BUCHAREST ) - Romania's economy is on the right track but the pace of reforms must be maintained in order to avert possible shocks, the IMF head of mission Jeffrey Franks said on Monday.
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