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RBS: Romania Falls Out Of Default Risk Countries Category In ’09

Romania fell out of the category of countries potentially vulnerable to sovereign debt crisis in 2009, as its current account deficit, and hence external financing needs are narrowing rapidly on decreasing domestic demand, according to a Royal Bank of Scotland report.

Fin Min: Romania Needs To Cut Curr Acct Def For Higher Ratings

Romania needs prudent revenue, monetary and fiscal policies to permit a gradual and predictable cut of the current account deficit to a level that can be sustained by direct capital investments, in order to regain rating agencies' confidence, according to a Finance Ministry document.

A Weak Leu Helps Mend The Romanian Curr Acc Deficit – Erste

The weak national currency supports the economy and the adjustment of the strong current account deficit, which might enter a stagnation phase this year, according to an Erste Bank analysis.