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Romania: Inflation Will Top 100 Percent

Bucharest, 28 May 1997 (RFE/RL) -- Romanian Prime Minister Victor Ciorbea pledged today that Romania's inflation rate will come down from the shocking figures registered in the first four months of this year -- but will still be over 100 percent for the whole year.

Inflation in the first four months reached almost 90 percent. Ciorbea told a news conference that the figure for the whole year would be 110 percent, meaning that inflation will be cut dramatically in the remaining months.

He was speaking one day after his government called on parliament for a vote of confidence in its program of market reforms.

Speaking this evening, Ciorbea defended his shock therapy for the devastated Romanian economy.

"The way we've chosen is right," he said.

He also promised prosperity by the end of the century for impoverished Romanians.