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EBRD: Romania will register the weakest economic performance in the region in 2011 

de A.C
Joi, 22 iulie 2010, 19:51 English | Regional Europe

The European Bank for Reconstruction and Development estimates that Romania's economy will drop by 3%, a report of the institution reads. This will be be the weakest economic performance from the region, the institution concludes. 

According to EBRD, there were disappointing results in the first quarter of the year, plus the fiscal consolidation measures which includes the 25% cut of budgetary salaries and an increase of VAT by 5 percentage points. 

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