Friday 11 November 2011

Romania Updates -- Nov 11, 2011



ROMANIA INFLATION QUICKENS TO 3.6 PCT Y/Y IN OCT
Romania's annual inflation quickened to 3.6 percent in October from September's 3.5 percent, above market expectations but still within the central bank's target band, official data showed on Thursday.
2013 BUDGET DEFICIT
Romania plans to reduce its fiscal deficit until it achieves a balanced budget in 2013, President Traian Basescu said at a meeting with German Chancellor Angela Merkel in Germany. Ziarul Financiar, Page 1
OLTCHIM
Russian energy company TISE is interested in buying state-owned chemicals firm Oltchim, which the government aims to sell under its IMF-backed privatisation plan by April 2012, the economy ministry said on Thursday.

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