Romanian economy contracted 8.8 percent in the second quarter this year and 7.6% in the six months through June compared to prior-year period.

BCR’s forecasts for the country’s inflation rate indicate a decline up to 4.4 percent by year-end, following to continue falling to 3.1% in 2010.

The median exchange rate for this year was estimated by BCR at 4.2 lei/euro, expecting it to decrease to 4.1 lei/euro in 2010 and 4 lei/euro in 2011.