Romania Inflation to stop at 8 percent

Romania Inflation Stop 8 Percent - Politics, Business, Civil, History - Posted: 6th Jul, 2010 - 11:49am

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Post Date: 6th Jul, 2010 - 8:20am / Post ID: #

Romania Inflation to stop at 8 percent

Inflation to stop at 8 percent hopefully exchange rate will help
user posted image Local Romania Business News In English

Central bank Governor Mugur Is'rescu yesterday had his first public appearance since the Government's decision to raise the VAT from 19% to 24%; he announced that inflation would go up to 8% by the end of the year, from 4.4% in May. Source: ZF - ZF English

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6th Jul, 2010 - 11:49am / Post ID: #

percent stop Inflation Romania

A 24% vat rate is madness, how do they expect to control inflation when people have to pay so much more for goods?


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