Articole scrise de The Economic Department

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1.PM's councillor: Cutting mothers' benefit is being discussed Andreea Paul Vass, Romanian Prime-Minister's councillor, declared on Tuesday for Realitatea FM radio that the Work's Ministry was analysing the options available to reduce the benefit mothers receive. She said it will certainly be cut: most likely, the 85% quote from the annual income would be lowered. 
2.Moody's analyst: The political crisis does not affect Romania's rating momentarily  Political instability was expected before the presidential elections, without a short-term impact on the country's branding, Moody analyst Kenneth Orchard declared for Romanian press agency NewsIn. He said he would become "much more worried" if the crisis extended over 6 to 12 months. 
3.Four drugs producers, investigated for the possible formation of a cartel The Romanian Competition Council took initiative and launched four new investigations regarding possible agreements between medical producers and distributors.
4.Romanian minister of Finance: All state employees will have ten days of unpaid holiday  Romanian Finance minister Gheroghe Pogea announced on Tuesday that absolutely all employees working for state institutions will have to go for ten days on an unpaid holiday by the end of the year. The state budget savings will be adjusted either through this measure or by reducing the working time from eight to six hours, for a limited period of time, Pogea declared. 
5.IMF: Reduce the local spending. We're willing to accept a 7.2% budget deficit IMF representatives warned that the budget deficit might be over 8% of the GDP by the end of the current year and requested that the public spending is reduced, accentuating "the responsibility of local authorities". The IMF officials made the statements on Thursday, August 6, during the meetings with the social-democrats and the liberals. 
6.Romanian Central Bank reduces the interest to 8.5% and the minimum foreign currency deposits to 30% Romania's Central Bank (BNR) reduced the yearly monetary policy interest on Tuesday, from 9% to 8.5%, according to the analysts' expectations. This is the lowest interest level since March 2008.


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