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Romania will face an imminent economic crisis that triggered its first alarm signals in late 2008. Wall-Street compiled the most important queries for 2009 that the economy and local business...
Benchmark currency exchange rate reported by central bank on December 31, 2008, of 3.9852 lei/euro signals stagnation compared to the rates in previous session, and 10.39% depreciation of the leu...
Currency exchange rate is very likely to hit 4.2 lei/euro high in first quarter of 2009, insiders say. The decline of the local currency cannot be avoided without toughening the budget policy.
Experts say the central bank will most likely keep the benchmark lending rate at 10.25% and will cut leu-currency liabilities reserve ratio in the January 6 session, measures that would not defrost...