Elementary arithmetic

PM Ponta: EU funds rate of utilization up 52 pct since May 2012

Prime Minister Victor Ponta says his governments brought the rate of utilization of European funds from 7 percent in May 2012 to 52 percent; the target for 2015 is 75-80 percent of the available structural and cohesion funds, he declared on Thursday.

Photo credit: (c) Cristian NISTOR / AGERPRES PHOTO

More than half of Romanians say 450 euros minimum necessary monthly income (poll)

More than 50 percent of Romanians think 2,000 lei (nearly 450 euros) is the minimum necessary income for a single person to have a decent living, an opinion poll conducted by the IRES research institute shows.

According to the results of this study communicated to AGERPRES on Saturday, only one in 100 Romanians says they have enough money for all they want.

Greek bonds extend first weekly advance since September

Greek bonds on Friday extended their first weekly advance since early September.

Greece’s 10-year yield fell eight basis points to 7.33 percent, down 74 basis points this week.

The rate touched 9.10 percent on October 17, the highest since January 17.

Five-year note rates declined 50 basis points on Friday to 6.23 percent.

[Bloomberg]

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