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News/economy Romania has been awaiting the result of the presidential elections to confirm the new president and Government. It will start 2010 with a new govenment who will finalise budgets and fiscal policy this should bring a welcome stability to the economy. Romania is expected to see an upturn in the economy in the middle of 2010. Romania should benefit by having a floating exhange rate that will allow a reduction in the value of the Ron against the Euro and other key currencies to reflect the true value in these difficult economic times internationally. This should dampen down some imports of consumer goods whilst helping exporters and tourism.We anticipate a positive effect on the balance of trade. With more oil and gas developments coming on stream in 2010 and others being developed along with modernisation of Hydo electric facilities and new Nuclear power stations under construction Romania should continue to be an exporter of electricity for the forseeable future whilst ensuring supplies to the Romanian market and its expanding manufacturing sector. |