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| Newsflash 30.05.2013 |
| (2013-05-30) |
| Last updated: 2013-05-31 14:07 EET |
The abrogation for Romania of the excessive deficit procedure is a positive message for investors and will allow Romania to get cheaper loans, Prime Minister Victor Ponta has today announced. The Prime Minister also said that Bucharest would take into account the recommendations the European Commission made yesterday for various fields of activity. Brussels urged Romania to ensure a fiscal consolidation that would favor economic growth, step up reform in the healthcare and education systems, fight poverty and improve the quality and independence of its legal system.
Romanian Foreign minister Titus Corlatean is in Latvia, the second leg of a three-day tour around the Baltic states aimed at boosting two-way cooperation with the three countries and coordination in mutual interest issues on the EU and international agenda. Yesterday, Corlatean went to Lithuania, the country due to take the half-yearly EU presidency on July the 1st. High on Corlatean’s agenda is the EU enlargement policy, the eastern partnership and energy security. Corlatean participated in a Romania-Lithuania business forum, where he pleaded for stepping up two-way economic relations. On Friday, the Romanian minister will be visiting Estonia.
The Parliament in Chisinau is today deciding whether to approve the new pro-European government, headed by the Prime Minister designate Iurie Leanca. The president of the Republic of Moldova, the former soviet country with a predominantly Romanian speaking population, will ask parliament members to support the executive proposed by Iurie Leanca, but analysts say the new government stands little chances of being approved. The political crisis in Chisinau started on March the 5th, when the government headed by Vlad Filat was dismissed though a non-confidence motion, following the dismantling of the governing alliance.
The contract signed with US company Bechtel for building the Transylvania motorway, considered one of the most disadvantageous made by the Romanian state in the past 24 years has been terminated, the Romanian minister for infrastructure Dan Sova has announced. According to him, Romania will pay 37.2 million euros to the US company and another 50 million in debts. The construction of the Brasov-Bors segment of the Transylvania motorway started in 2004, under a contract of 2.2 billion euros. 11 years on from the signing of the contract, the company has completed only 52 kilometers of highway, out of a total 415. So far Romania has paid 1.4 billion euros for this construction.
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2025-04-05
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