BASESCU
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Franks: Romania’s Lower-Than-Expected Inflation Best News Since IMF Mission's Previous Visit
The best news since the previous visit of the International Monetary Fund’s delegation to Romania is the decrease of the country’s inflation above expectations, IMF's mission head Jeffrey Fr...
Basescu: Romania To Further Reduce Number of Public Sector Employees
Romania will continue to reduce the number of public sector employees, “especially in public administration,” President Traian Basescu said Thursday on public television.
Romanian Govt Likely To Seek Confidence Vote For Healthcare Reform, Social Welfare Bill
Romania’s Government will seek a confidence vote to pass healthcare, social welfare reforms and a bill regulating the appointment of Supreme Court Judges, President Traian Basescu said Thurs...
President Basescu, Finance Ministry, BNR Ask EU In Unison To Persuade Banks Not To Withdraw Capital
The risk of foreign banks starting to repatriate capital has alarmed the authorities so much that President Traian Basescu, the Finance Ministry and the National Bank (BNR) are talking in un...
Romania Faces Difficulties If Mother-Banks Reduce Cash Flows, President Says
Romania might find itself in a difficult situation if foreign banks were to reduce their support to the local subsidiaries, President Traian Basescu said Wednesday.
Barroso: Romania Improved Its EU Fund Absorption Capacity Over Past Six Months
European Commission (EC) president Jose Manuel Barroso said Tuesday Romania has made progress regarding structural fund absorption over the past six months.
President Calls For Prudent 2012 Budget
Romania must use prudence in setting its budget targets for 2012, because the costs to finance the deficit have gone up due to the worsening situation in international markets, President Tra...
Basescu: Romania’s EU Fund Absorption Rate Stands At 14.8%
Romanian President Traian Basescu said Monday the country’s European fund absorption rate stands at 14.8% of the budget allotted by the European Union.
Basescu: Pensions, Public Sector Wages Will Not Be Cut In 2012
Romanian President Traian Basescu said Monday that pensions would not be reduced or additionally taxed, and that public sector salaries would not be cut in 2012.