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AVAS To Sell Companies Free Of Post Privatization Strings Attched

The Authority in charge with selling State properties şor AVASţ may choose to seal further deals while giving up on its requirement for certain conditions to be met after the privatization, acting on a recommendation...

AVAS To Sell Companies Free Of Post Privatization Strings Attched

The Authority in charge with selling State properties sor AVASţ may choose to seal further deals while giving up on its requirement for certain conditions to be met after the privatization, acting on a...
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Romania Holds The Middle Ground, World Bank Says

Romania will have an economic growth this year estimated at between 0% and 2%, according to a recent World Bank report on the financial status of the new EU member-states.  This is three percentage points lower...

Mugur Isărescu / We do not exclude a loan with the IMF

Romania's private debt due in 2009 reaches 24 billion euros, 17.5 billion of which will be renewed, according to a study of NBR. The remaining 6.5 billion will be paid. The Romanian government also takes into account...

NEED FOR MONEY / The decision of a loan in two weeks time

The decision regarding a possible loan that Romania would get from the European Commission or the IMF is to be taken in two weeks, announced PM Emil Boc. The PM explained that any agreement with the...

"The Big Brother Directive" is legal

The appeal of Ireland against the so-called "Big Brother directive" regarding the storage of personal data has been rejected by the European Court of Justice. In these circumstances, the law 288/2008, which came into...

Isarescu: I advise the banks to buy government bonds

The BNR Governor, Mugur Isărescu, has advised the commercial banks to buy government bonds to allow them access to refinancing as well as to help finance the budget deficit. The financing of the budget deficit at a...

Romania gets its slice in the Black Sea

For the first time, Romania wins a fair division of the continental plateau in the Black Sea, which includes the Island of the Snakes, a rocky formation that has poisoned our relations with Ukraine. The Court in Hague,...

20,000 unemployed in the food industry

Over 20,000 people working in the food industry will lose their jobs in 2009, while the imported foods and those made from imported raw materials will have prices higher by approximately 15% due to the exchange rates....

Traian Basescu Would Get A Second Mandate Had Elections Run Tomorrow

Romania's president Traian Basescu would get a second mandate, had elections been held tomorrow, a public poll conducted by INSOMAR found. Basescu would get 59% of the votes, with the SDP president Mircea Geoana coming ...

How fast towards the euro area? (I, II)

The financial crisis puts the EU countries not belonging to the euro area in a position that makes them think about speeding up the adoption of the single currency as a "shelter" solution. However, their attempts are...

The Executive Wants Royalties & Intellectual Rights Illegal

The Emil Boc Government plans to make illegal paying employees via intellectual rights & royalties law. The move is supposed to higher the tax revenues, for which the current government is in dire need. Some 36,000...
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