Archive » July 2010 » 27 July 2010 The english news from 27 July 2010
What it's like carrying 11 kilogram gold bars. An article from Romania's best guarded safe
Gandul presents in great detail the place where Romania's treasure is kept, part of the 100 tons of gold of the Romanian state which is safeguarded by the National Bank of Romania. "You know what we say when they bring in some more gold? «The potatoes are here»". Next to the wide open door sits a middle-aged woman, somebody you could imagine running into in the subway or at a supermarket.…
Franks, IMF: Economic contraction of 3 pc this year, too pessimistic
The IMF is in the process of revising its economic growth forecast, however an economic contraction of 3 per cent this year is far too pessimistic, Jeffrey Franks, head of the IMF mission to Romania, stated yesterday on day one of the new round of negotiations on releasing the fifth tranche of the loan that the Boc Government contracted from the IMF, the WB and the EU. The IMF official's statement, quoted by Mediafax…
President Basescu asks Parliament to reexamine law on public-private partnerships
President Traian Basescu sent the law on public-private partnerships back to Parliament for reexamination, the Presidential Administration reports. 'Given that there is an emergency ordinance in place that transposes into the Romanian legislation the European Union's provisions in this area and that is more comprehensive than the law in question, we believe that the normative…
Romania may end up paying rationed salaries
The IMF arrived in Bucharest and found the Boc Government officials with a major problem: the current level of arrears, namely the large debts the state has to the private sector. Mihai Tanasescu, Romania's representative to the IMF, warned just two weeks ago that providing the 900 million Euro sixth installment of the agreement also depends on reducing arrears. …
IMF head: We are worried about Romania's low absorption rate of EU funds
The International Monetary Fund is worried about Romania's low absorption rate of European funds, IMF Mission chief for Romania Jeffrey Franks said, following the talks with representatives of the employers' associations. Franks pointed out both the Fund's delegation and especially the European Commission delegation will cooperate with the Government with a view to issue a strategy for improving the access to structural funds…
Survey: 41 pc of Romanians would vote Ceausescu for president
Former communist dictator Nicolae Ceausescu, ousted in a violent uprising in December 1989 and executed after a makeshift trial immediately afterwards, would be voted by 41 per cent of Romanians if he ran for president against today's candidates and party leaders, a survey whose results were quoted by Agerpres reveals.…