Romanian economy slows down

Romanian economy slows down

Romania's economic growth will slow down to 4.7% in 2010, compared to 5.5% this year, according to an analysis made by UniCredit.

Analysts estimations are more pessimistic than those released by The National Commission for Prognosis (CNP), which anticipates an economic growth of 6.5% for this year, 6.1% for 2009 and .8% for 2010. The value of foreign investments made in our country could raise this year to 7.8% billions euro, compared to 7.06 billions euro in 2007, in the background of new industrial investments and some privatisations, according to estimations made by BCR.

BCR analysts said that Romania is evaluated by long term investors as the most attractive destination from the region. BCR analysts agree that the National Bank of Romania (BNR) will mentain the monetary policy interest at 9.5% in today's sesion. UniCredit economists said that BNR will eventualy raise the interest rate with 0.5%, to 10%. The central bank will then move to the interest decrease, in 2010 the interest is estimated to drop at 7.75%.

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