The parliament-appointed Fiscal Council said Thursday that the Romanian economy has stabilized, but the country is yet to emerge from its worst recession in over a decade. Ionut Dumitru, president of the Council says that they don’t know if the upward trend is confirmed and that the economic recovery will be slow. The country’s gross domestic product shrank 1.3% in 2010, from a 7.3% contraction in the previous year. For… Read More...
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