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Central Bank spokesman: Romania has chances to overcome crisis

22 decembrie 2008

Information in English

 
Romania has the chance to overcome the economic crisis, though a smaller economic growth than the one in 2008 is forecast, which is natural, spokesman of the National Bank of Romania (BNR) Mugur Stet said at a seminar on the economic and financial crisis. According to Stet, the economic growth levels over the past few years have been very good, as they helped Romania catch up with the developed countries, the EU countries respectively.
 
“We cannot compare an 5% (economic growth, editor’s note) in Romania with 2% in Germany, as the Germany’s 2% can be more important than Romania’s 8%.“
He admitted that 2009 would be difficult for Romania, as many adjustments will have to be made.
 
Mugur Stet on December 15 attended an international conference dubbed “The Marketing&Communication industry and the economic industry,” organized by the International Advertising Association (IAA) Romania.
Within the event, a series of Romanian and foreign experts have analysed the characteristics of the crisis periods, the role of the media, marketing and communication and consumers’ specific attitudes in crisis situations.

 

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