Portrait of Romania's Ruling PowerPublish date: 18-12-2009
Emil Boc, head of the Democratic Liberal Party (PD-L), is Romania's newest Prime Minister designate, named by President Traian Basescu a "man dedicated to public service, a man of dialogue, who carried out his duty and took responsibility for implementing several very difficult solutions, such as the financing agreement with the World Bank, the IMF [International Monetary Fund], and the European Union."
The camps are now very clear, with the Opposition red and yellow [Ed. n. Social Democratic and Liberal] and the ruling power orange and green [Democratic Liberal and Democratic Hungarian], with chances of the colours merging to become something else.
The ruling power is dominated by PD-L, the party to decide the new Executive and parliamentary majority. This political reality is the reason why Traian Basescu has designated three Prime Ministers close to the Democratic Liberals or from the party itself.
At this moment, PD-L is calling the political shots. Basescu's reelection is due to an exemplary mobilization of the Democatic Liberals, and it is expected that main party figures will be part of the next Executive, includingVasile Blaga, Radu Berceanu, and Adriean Videanu.
Parliamentary reform, and a rethinking of the Constitution will be subjects which PD-L will deal with based on the President's vision.
The Hungarian leadership acted true to form, becoming part of the government, helping to form the parliamentary majority needed to pass the Executive. The governing experience of the Democratic Union of Hungarians in Romania (UDMR) has proven it is a disciplined partner, making it a political player with a decisive role on the political stage.
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- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
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- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
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- Millennium Bank grants First House loans in lei