12. 01. 10. - 12:00

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12. 01. 10. - 12:00

Romania misses inflation target for third year in a row

Romanian Times

Romania's annual inflation rate has risen to 4.74 per cent, above the central bank’s target, the National Statistics Institute said today (Tues).

The central bank targeted an annual inflation of 3.5 per cent at the end of December, with a one percentage point variation band around the target. Last year was the third in a row in which the central bank missed the inflation target.

However, the 2009 inflation rate was slightly below analysts’ estimates of 4.8 to 4.9 per cent.

The consumer price index rose by 32 basis points in the month in December, driven mainly by higher food and tobacco prices.

In 2010, the central bank is targeting an annual inflation rate of 3.5 per cent at the end of December, with a one percentage variation band around the target, the same target as that set for 2009.

Internet fraud involving sale of a laptop
A Romanian was arrested after he sent paper instead of a laptop after an internet auction, police said today (Thurs).

Twenty-five people accused of real-estate fraud
A bank manager, three lawyers and an official at the Properties Registry are under investigation by special brigade police DIICOT for real-estate fraud amounting to up to one million Euros, it was revealed today (Thurs).

Romanians buying fewer presonal-care and cleaning products
Hit by the economic crisis, Romanians are buying fewer personal-care and cleaning products, results of a new survey by GfK show.

British paedo´s previous victims speak up
Previous victims of James Connor, who was arrested on child-sex charges in Romania last week, are coming forward to expose his past, the Daily Record has reported.

Romania´s government to have some new ministers
Romania's government will have some new ministers, according to Prime Minister Emil Boc.

BCR launches real estate portal
Austrian Erste's Banca Comerciala Romana (BCR) launched today (Weds) the first real estate offers website managed by a bank, in Romania.

Romania´s foreign exchange reserves dropped by 26mn euros in August
Romania's foreign exchange reserves dropped to 31.55 billion Euros in August, from 31.58 billion Euros, the central bank announced today (Weds).

Man in hospital after TV explodes
A man ended up in hospital with severe burns after his TV exploded and caused a fire in his flat in Satu mare, northern Romania, it was reported today (Weds).

Holender gets ORF job after ATV axe
Outgoing Vienna State Opera director Ioan Holender will host a radio talk show on national broadcaster ORF after private rival ATV scrapped his chat format, it has emerged.

Romania´s GDP up by 0.3 per cent in Q2
Romania's gross domestic product (GDP) increased by 0.3 per cent in the second quarter, compared to the first quarter this year, the National Institute for Statistics (INS) announced today (Weds).