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IMF: Without further actions, the budget deficit will reach 9% of the GDP * We estimate 7.8% with the approved measures
Fri, 11/06/2009 - 12:04The IMF, European Commission and World Bank delegations organised a press conference to present the preliminary conclusions of their visit to Bucharest.
Ex-designated PM: There are money for salaries and pensions * The unique income tax and VAT must not be modified in the next two years
Fri, 11/06/2009 - 11:19Romania has got the money for pensions and incomes, but having the third IMF instalment delayed would scare the investors, increase inflation, depreciate the national currency and swell interests. These are Lucian Croitoru's predictions, the man who was designated PM, told to RFI.
Designated PM invited parties to negotiate. PSD, PNL and UDMR wont take part
Fri, 11/06/2009 - 10:48"I invited all parliamentary parties to negotiate at 5 pm", the newly designated PM Liviu Negoita said today. He asserted that he wished to create a national union Government and that the negotiations will last for three days. On Monday, the list featuring the new Cabinet will be submitted to the Parliament.
EC Official: Romania will get the next loan instalment from the European Commission in 2010
Fri, 11/06/2009 - 10:30Romania will receive the next instalment from the loan contracted with the European Commission, but only next year. The instalment is worth one billion euros. The EC evaluation chief in Romania Elena Flores declared on Friday that the next instalment could be approved by the Commission in December, but the money will only be forwarded to Romania in 2010, because the EU needs to attract the money on the market, Romanian press agency Mediafax reads.
Romanian president: There will be solutions for paying salaries and pensions, but the financing will be expensive
Fri, 11/06/2009 - 07:24President Traian Basescu announced that the European Union, the International Monetary Fund and the World Bank are concluding their mission in Romania on Friday, November 6, without making their evaluation and "conditioning their return on the formation of a legal Government. In the absence of a legal Government, discussions cannot resume. Their coming was possible due to my specific request and my hope that the previous proposed Government would be voted".
BNR governor: I expect the IMF instalment to face delays
Fri, 11/06/2009 - 07:06Romanian Central Bank (BNR) governor Mugur Isarescu declared on Friday that he was expecting the next IMF instalment from the stand-by loan to face delays. This item of information was also confirmed by sources close to the IMF delegation and Romanian officials, quoted by Romanian press agencies NewsIn and Mediafax. According to them, the decision regarding the instalment will be taken in January next year, after a new evaluation mission.
Liviu Negoita is the new designated Prime Minister
Fri, 11/06/2009 - 06:33Liviu Negoita has been designated PM on Friday by president Traian Basescu, after the last consultations with the political parties. Liviu Negoita is member of the Liberal-Democratic Party (PD-L) and mayor of Bucharest's third sector. He announced that he would start the negotiations for the formation of a majority that would support the future coalition government he'll be forming.
IMF meets President Basescu. The Central Bank and the IMF will discuss with the reps of the banks in Romania
Fri, 11/06/2009 - 03:47The IMF mission in Romania will meet on Friday with Romanian incumbent President Traian Basescu, the chief of mission Jeffrey Franks said on Thursday evening. IMF met with the Romanian Central Bank (BNR) representatives to present the conclusions of the discussions had with the Finance minister and the Prime Minister.
Patronages: 50,000 companies will be bankrupt by March next year. 100,000 more Romanians to face unemployment
Fri, 11/06/2009 - 03:12Approximately 50,000 companies will be bankrupt by March next year due to the amount of debt the state needs to pay them. The sums regard unreturned VAT or delays in subventions, according to patronages' representatives. They estimate that the number of unemployed will increase by 100,000 more people.
WHO: AH1N1 vaccins are safe
Fri, 11/06/2009 - 02:52Not only are the vaccines the best barrier against the new flu, but on top of that they are really safe, the World Health Organisation vice-general manager Dr. Keiji Fukuda underlines.
What the newspapers say: October 6, 2009
Thu, 11/05/2009 - 20:40State employees' salaries are to drop 30% by the end of the year. Elsewhere in the news, Romania risks getting tied in a loan vicious circle in its effort to pay loan interests. Last but not least, hundreds of Romanians queue daily for the legally unemployed status.
Consultations: President Basescu to Geoana: I will not leave the country without a government until after elections
Thu, 11/05/2009 - 16:04President Basescu declared during consultations with the Democratic Liberal Party delegation that he will analyze on Friday the results of the discussions he had with all political groups in the Parliament.
KGBs Labouring in Great Britain
Thu, 11/05/2009 - 10:47“We, in the East, we’ve always been thinking that the whole ‘nomenclatura’ is our problem, this old communist elite sitting tight in high places and not letting anyone in, preserving the position of power, remaining the opinion and decision makers. We thought this was our problem in the sense that it wasn’t possible in the civilised Western societies. And now, as we look at the documents, we suddenly discover that we have the same problem in the West.” Russian dissident Pavel Stroilov met with HotNews.ro in London to discuss about an issue he studies microscopically in this week’s Spectator issue: the KGB infiltration into the Labour Party during the Cold War and its present day reminiscences
Antonio Ricci: Romanians in Italy considered immigrants, not European citizens
Thu, 11/05/2009 - 10:18Romanians are again, the main targets of the Statistical File edited by Caritas/Migrantes, presented at Rome last month. With almost 800000 citizens living in the Peninsula at December 31, 2008, our community occupies the first place followed by Albania and Morrocco each with 400 000.
A confirmed A/H1N1 case at the American School in Bucharest
Thu, 11/05/2009 - 09:14A pupil of the International American School in Bucharest was confirmed with the A/H1N1 virus. Authorities decided to suspend the hours of the classroom where the pupil was studying and isolate his colleagues.
IDC study: IT labor force in Romania to increase by over 50% up to 2013
Thu, 11/05/2009 - 09:07This year most IT compenents on the Romanian market will register a negative evolution but starting 2010 they will register growth until 2013 on several segments, an IDC study reveals, ordered by Microsoft. The study reveals that the number of employees will increase by 50% up to 2013.
President Traian Basescu invited parties for consultations at 5PM
Thu, 11/05/2009 - 07:28President Traian Basescu invited, on Thursday, all parties for consultations regarding the Prime Minister nomination, starting at 5PM. The Chief of State sent an official letter to all Presidents of political parties and the independent Parliamentary group.
President Traian Basescu: I opt for a government formed by Democrat Liberals and Liberals, with a Democrat Liberal Prime Minister / Salaries and pensions will be paid in full, out of internal loans
Thu, 11/05/2009 - 03:33Political parties need to understand that we need to negotiate, President Traian Basescu declared at Realitatea FM. The President declared that he will opt for a right wing government, formed by Democrat Liberals and Liberals if the Liberals will give up the idea to have a Prime Minister from their side.
What the newspapers say: November 5, 2009
Thu, 11/05/2009 - 00:56Klaus Johannis, the candidate endorsed for PM by a large Parliamentary coalition cannot be named for a public function for three years, one newspaper reads on Thursday. Elsewhere in the news, most newspapers treat the A/H1N1 virus affecting our country: the government decided to buy 500,000 vaccines even though President Basescu declared that Romania can handle the vaccines itself. Also in the news, President Basescu purchased a 1 billion lei worth bell for the Church in the Presidential house.
Romanias President: I can assure you I will designate a responsible PM, and not someone Iliescu and Voiculescu want
Wed, 11/04/2009 - 12:37"I can assure you that we won't have the Govermant that Mr. lliescu or Mr. Voiculescu want for their desired privatisations. I can assure you I will designate a responsible Prime Minister, behind whom nothing I have mentioned earlier will take place." This is Romania's President first reaction at the Parliament's rejecting the Croitoru Cabinet.