Isarescu: Romania Needs Law On 2019 Euro-Adoption Target
Romania’s 2019 euro-adoption target should be enclosed in a law adopted by the parliament so that the necessary reforms to join the euro area would not be affected by political changes, central bank governor Mugur Isarescu said Monday.
“I am a firm supporter of two major projects for Romania, namely the euro adoption and joining the European Banking Union. The problem is not if, but when they will materialize,” he said.
The central bank’s chief said joining the European banking union would help slowing down the deleveraging process of foreign banks, which have reduced their exposure to the country by some 35% since the global economic and financial crisis first hit in late 2008. (Puterea)
Durable Goods Sales Up 17% In 2Q, To EUR420M
Sales of durable goods increased 17% on the year in the second quarter of 2014, to EUR420 million, with growth across most categories of goods, according to a study by market research company GfK, quoted by Mediafax.
On the telecom segment in the second quarter, non-subsidized sales of smartphones and classic mobile phones were 29% higher on the year, reaching EUR128 million, due to a rise in smartphone sales, while demand for classic mobile phones declined.
Sales of electronics increased 27% in the second quarter, to EUR67 million. (Romania Libera)
Romania’s Exports Rise At 2nd Fastest Pace In EU In January-May
Romania’s exports registered the second highest increase in the European Union in the first five months of the year, while imports registered the largest increase, according to official data of statistics agency Eurostat.
Thus, Romania’s exports rose 8% to EUR21.3 billion in January-May, from EUR19.7 billion in the corresponding period a year earlier. Poland and the Czech Republic reported a similar growth (8%). (Curierul National)
Cristian Diaconescu To Run For President As Independent
Cristian Diaconescu has announced he resigns from People’s Movement Party (PMP) and is preparing to run for presidential elections as independent. Thus, Elena Udrea, PMP president, will be confirmed as PMP candidate for President.
“It is happening before tomorrow, when we were to decide by vote on the most eligible candidate. (…) I am sorry that Mr. Cristian Diaconescu is leaving before the internal competition. PMP will analyze the preparation of the party for the electoral campaign. We are ready for this competition and I am ready to run for President. I can defeat Victor Ponta,” Udrea said. (Adevarul)
Crin Antonescu Won’t Participate In Klaus Iohannis’ Presidential Campaign
Crin Antonescu is undecided whether he will vote or not for Klaus Iohannis, the candidate of Christian Liberal Alliance (ACL) for President, saying he sees no right-wing candidate.
Klaus Iohannis has been stating over and over again that Crin Antonescu will stand by him in the electoral campaign for presidential elections, while Antonescu says he does not want to get on Iohannis’ back and damage his image. (Gandul)