Sunday, January 26, 2014

Romania national rail again economic tiger of Eastern Europe, but only on paper: as the economy gro


Romania national rail again economic tiger of Eastern Europe, but only on paper: as the economy grows, the Romanian families are becoming poorer, writes the newspaper "Adevarul". Exports and industrial production grew impressively, inflation and external deficits fall, but the income of the population and consumption are at the bottom of the rankings of the European Union, the newspaper notes. national rail
Recent national rail statistics highlight exemplary dynamics of the economy as a whole in the first half of the year, but the deterioration of family budgets and per capita income. The economy is booming, and impoverished Romanians, summarizes national rail the "Adevarul".
In the first five months of this year exports to Romania increased by nearly 6% over the same period of 2012, the trade deficit decreased by EUR 1.4 billion, industrial production grew by over 6 per cent, and turnover in the services national rail have increased on average by more than 8 percent, according to the National Statistics Institute.
In the same period the revenue and expenditure of the population have decreased consumption of food, non-food items and fuels fell most sharply in the EU, the unemployment rate was 7.5 percent, after the end of 2012 was 6 9 percent say "Adevarul".
Annual data show that average real wage (the evolution of income over appreciation) fell in 20 areas of activity and increased only in the budget office, and the purchasing power has fallen 48 per cent of the EU average, thus Romanians first Way ahead of the Bulgarians in the top rankings in poverty, noted "Adevarul".
According to the National Statistics Institute, the turnover of retail trade fell by 2.7% in May compared to April and 0.5 percent in the first five months of the year compared to the same period in 2012, trade in food commodities has stagnated and that of non-declined by over 5%. Fuel consumption has seen the sharpest decline - 7.6 percent in May and nearly 5 percent for the first five months of the year compared to the same period of 2012 Consumption of electricity fell by more than 7 percent in the first five months of 2013 on
Another indicator that reflects the true state of the economy, the level of arrears of households and firms to banks, which jumped 20 percent in May 2013, while in May 2012 was 16.7 percent, national rail says "Adevarul" .
These contrasts between macroeconomic indicators and those of the micro-level indicate that apparently the Romanian economy is growing like a tiger to other economies in Eastern Europe, but a closer national rail look shows clearly that this growth is only on paper, says "Adevarul".
The ratio between the lowest and highest salary will be one to seven under the new law on pay in the public sector, said Prime Minister Victor Ponta, quoted by the newspaper "Roumania liberal." The minimum wage will be 1,000 lei (one euro is exchanged for 4.36 Romanian lei). The government also plans to change national rail the law on civil servants in the future could be fired more easily, the paper said. The new law for the payment of budget employees will be implemented next year, and Prime Minister Ponta says he would not change the percentage personnel costs and it will stay a maximum of 7 percent of GDP writes.
Prime Minister Victor Ponta is ready for change in government, as co-chairman of the ruling Social-Liberal Union Crin Antonescu is against the newspaper "Evenimentul ziley." Prime Minister signaled that approaching a government national rail reshuffle. According to sources "Evenimentul ziley" Relu Fenekiu (transport) and Radu Stroe (Home Affairs) of the National Liberal Party, and Constantine Nice (Minister Delegate for Energy) and Doina Panels (Minister Delegate for social dialogue) of the Social Democratic Party in blacklist. Liberal leader Crin Antonescu did not want to hear about the changes in the government, the newspaper said, as quoted by BTA.
In connection with the unforeseen and exceptional circumstances in the city caused by weather conditions, and in view of the meeting of the Regional Committee against influenza and acute respiratory diseases [...]

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