Irina Begu Advances To Quarterfinals Of WTA Charleston
Romanian tennis player Irina Begu qualified on Wednesday for the quarterfinals of the WTA tournament in Charleston (Carolina de Sud), after defeating American Claire Liu, with a score of 6-4, 6-2.Begu, aged 27 and 38th WTA, 13th seeded, secured a US9.568 cheque and 55 WTA points.
Begu is going to play against Russian Daria Kasatkina. (romanialibera.ro)
Foreign Investors Council: “Workforce Is Not Competitive, But Tax System Changes Often” The perception of the Foreign Investors Council (FIC) regarding the business environment in Romania confirms a significant decrease in the confidence level registered in 2017, despite the fact that 54% of respondents expect higher revenue.”Over 70% of respondents say the evolution in the last six months (the reference period of the questionnaire) affected their confidence in the Romanian business environment, which deteriorated. Figures do not bring very good news considering that one of the government’s priorities is to boost investments in the Romanian economy, which seems too difficult to achieve under these circumstances”, FIC officials said. (romanialibera.ro)
Isarescu: National Currency May Depreciate In Upcoming Period The national currency may depreciate in the next period, after the analysts expected a key interest rate rise, and when they are disappointed they can react, Romania’s central bank governor Mugur Isarescu said on Wednesday.He said a 4% current account deficit of the GDP is not a “magic figure,” but it is a figure in the dashboard and it is not good to go beyond it, because it means you are very dependent on foreign investors, the capitals that come in and which “as they come in they can also come out”. “We have a message to the markets. There is a rather consistent interest rate differential in favor of the leu, I think it is covering, we’ll see what the markets are saying,” the head of the central bank said.(jurnalul.ro) Romania Central Bank Leaves Key Rate Unchanged At 2.25%
Romania’s central bank on Wednesday left its benchmark interest rate unchanged at 2.25% a year, the bank said in a statement.
It also decided to keep the interest for its deposit facility unchanged at 1.25% a year and the interest for its lending facility unchanged at 3.25%.
The central bank also kept minimum reserve requirements on foreign currency liabilities and for leu deposits unchanged at 8%. (puterea.ro)