Romania’s decline is sharper than the European Union average, which was 16.4 percent in September 2009. Industrial exports grew in September, according to a monthly report by the National Bank of Romania, due to foreign demand.
“We forecast ending this year with a deficit of 20 percent. Imports will be 35 percent lower than in 2008, and the trade deficit this year will be of €8.5 billion, down 65 percent year-on-year,” according to a statement yesterday by the Secretary General of the National Association of Exporters and Importers in Romania (ANEIR), ...
“We appreciate that the market decline has stopped, at least in Romania, and estimate to end the second half of this year in line with the first, if not above. At the end of the first six months, we are at some 14 percent below last year, and expect the percentage to be 14-10 percent ...