2009年1月29日星期四

Romania's 2009 budget

The government's offices will host talks on the budget on Thursday, by taking into account all the consultations and discussions having taken place so far, Emil Boc said after a meeting with the social partners -- trade unions and employers, at the Public Finance Ministry's headquarters.
"We spoke about a few very important aspects related to the priorities of this government and to Romania's weathering the crisis. It is about the state's massive public investment in economy. It is the government's pledge that 20 percent of the budget goes to investment, in order for such investment to create jobs, to bring financial resources so that we may cope with this crisis. We want to give the money to those sectors that create jobs, so that Romania may go forward," he said.

2009年1月7日星期三

Russia and Ukrai

The escalating gas dispute between Russia and Ukraine has also added to market uncertainty. Russia has shut off all its gas supplies to Europe through Ukraine. About 80 percent of its deliveries to Europe go through Ukraine.

Equity investors have so far this year brushed off signs of a severe global economic slowdown, pinning their hopes on a second half recovery spurred by massive government spending and lower interest rates. The Dow Jones industrial average rose 0.7 percent Tuesday and is up 19 percent since Nov. 20. Japan's Nikkei index has also risen seven straight days.