• austriantimes.at
• croatiantimes.com
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

12. 01. 10. - 12:00

• more Business news...
• RSS Feed Business

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.

Almost half of Romanians live in poverty
Almost half of the Romanians (8.89 millions) are at risk of poverty or social exclusion, according to Eurostat data published today (Weds).

Police carry man off the snow and save his life
A man who had collapsed in freezing weather near a river, in Stoina, Gorj, southern Romania, was saved after policemen carried him for several kilometres.

New government with same eight former ministers proposed
The Romanian parliament will vote on the new government team, proposed by designated Mihai-Razvan Ungureanu, tomorrow (Thurs).

Forty-one dead in freezing weather
Another three persons have died due to low temperatures in the last 24 hours, the Romanian Health Ministry said today (Weds).

EC report on Justice is positive, minister says
Romanian Justice Minister Catalin Predoiu currently acting prime minister until the new government is voted in by the parliament, said today (Weds) that the European Commission's interim report on progress in justice is, overall, "positive".

Pink Martini concerts in Bucharest
American orchestra Pink Martini will give a concert in Bucharest on 26 May at the Palace Hall, part of the promotional tour for their latest album "A Retrospective", local organisers Events said today (Weds).

Romania's industrial output up
Romania's industrial output increased by 15.6 per cent in 2011, the National Statistics Institute (INS) said today (Weds).

Father tried for abusing four-year-old girl
A Romanian father was sent to trial for abusing his stepdaughter, aged only 4, prosecutors said today (Weds).

Pitch in best condition for Steaua-Twente match, authorities say
The pitch for the Europa League match Steaua Bucuresti - Twente Enschede will be in optimal condition, the Bucharest town hall promises, after criticism of the National Arena turf.

More Romanian tourists travel to Austria
The number of Romanian tourists to Austria rose last year, after two years of a decline, Austria's National Tourism Office in Romania announced today (Weds).