European Commission waits EFC approval to release final loan installment worth 150 million euros

Romania's economy is recovering, with a 1.5 percent estimated growth in 2011, which will advance up to approximately 4 percent in 2012. However, inflation is expected remain higher than anticipated, at above 5 percent in 2011, according to the newest macroeconomic developments, quoted in the statement of the European Commission (EC) after the completion of its joint mission in Romania, together with the International Monetary Fund (IMF) and the World Bank (WB), released on Monday on the ...

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