Schengen: Bulgaria-Romania Border Controls Persist Post-Accession Plans
Border checks between Bulgaria and Romania along the Danube River are set to persist post-March 31
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The Romanian economy has officially entered a period of recession over the negative effects of the global financial crisis.
That is what a repot of the Romanian statistical institute on the country's gross domestic product (GDP) showed Monday, the Pari Daily announced.
According to the official information the Romanian economy has shrunk by 6,4% in the first quarter of 2009 year-on-year.
The decrease compared to the last three months of 2008 is by 2,6%, and this is the second consecutive month of negative results.
The Romanian Government had expected an overall fall of 4% in 2009, and an increase of the budget deficit by 4,6% of GDP for the same period.
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