Romania Monthly Economic Review - April 2009

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Romania Monthly Economic Review - April 2009

* Government sets principles for uniform pay system in budgetary sector
* Lump tax to be levied in 2009
* Public budget is revised on deficit amounting to 4.6% of GDP
* IMF: Romania must hold its budget below RON 14.5 bn by the end of June
* Current Account shrinks by 75% y/y to EUR 614 mn in January-February
* Medium and long-term debt has risen
* Romania’s trade deficit narrows 51.2% in February
* INS: Inflation rate of 0.5% in March
* INS: Construction works volume up by 6.7% in February
* Bankruptcies in Romania 55% on the rise in Q1
* Credit developments in MarchMore details:

Http://www.romlux.org/uploads/20090609RomaniaMonthlyEconomicReview4_2009.pdf