ING Bank: Romania's inflation rate at 5%, economic growth 0.6% this year
ACTMedia - 10 Martie 2011
Romania's inflation rate will be 5 pct this year and 4.5 pct in 2012, meaning that it stays rather high, said ING Bank Romania chief economist Nicolae Chidesciuc. According to the cited expert, the bank expects Romania's economy to grow 0.6 percent in 2011 and 3.5 percent in 2012, respectively.
'This year, all sectors of the economy will witness growth, less constructions, which will be in the negative. The rest will all go upwards. Even agriculture will see a slight increase,' said Chidesciuc. According to him, 'lending will further stay feeble, flatlined at 5 percent.' ING Bank Romania recorded in 2010 a gross profit of RON 128 million (1 euro trades for RON 4.20), up 52 percent from 2009 as a result of lower costs with risk provisions.
Sursa: http://www.actmedia.eu
Tags: ing
romanias
euro
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