The crisis cuts into Romanian industry prices

“The economic activity started to slow, the number of orders has dropped, and workers have been laid off. This will also affect prices, which could slide. All this is due to the international financial crisis,” Florin Pogonaru, President of the Association of Romanian Businesspeople (AOAR), told Business Standard.

Eurostat, Europe’s institute of statistics, places Romania second in the European Union in October in terms of annual industry price rise, of 15 percent, after Luxembourg, where prices in industry rose by an annual 21.1 percent.