Romanian President To Pass Referendum Law On December 14
Romanian President Traian Basescu said Wednesday he would sign into law a bill on the organization of referenda on December 14.
Basescu added that the proposed amendments to the Constitution are “catastrophic” for Romania. (Gandul)
Ctrl Bk Governor: Romania Needs Ten More Years To Adopt The Euro
Romanian central bank governor Mugur Isarescu said Wednesday a key euro convergence criterion is the level of the gross domestic product per capita in purchasing power standards, taking into account the average GDP per capita in the European Union.
According to Isarescu, Romania needs ten more years for its GDP per capita to hit 60% of the EU average. (Gandul)
Analyst: Romania Won’t Feel Effects Of This Year’s Economic Growth
Romania will register this year the highest economic growth since 2008 but the local business environment will feel no change, according to Cristian Ionescu, country manager at Expense Reduction Analysts.
“Non-performing loans are on the rise, the number of insolvencies gets bigger and more and more large and medium-sized companies enter insolvency (…) Let’s not forget the upcoming tax increases,” Ionescu added. (Adevarul)
Romanian Students Win 6 Medals At International Science Olympiads In India
Romanian students won six medals at the International Junior Science Olympiads in Pune (India) organized between December 3 and December 12.
According to the Education Ministry, Romanian students won three silver medals and three bronze medals.
The silver medals were won by Robert Cristian Raclea (the Vasile Alecsandri Highschool in Galati), Theodor Axenie (the Tudor Vianu Highschool in Bucharest) and Alexandru Zanca (the Mihai Viteazul Highschool in Ploiesti). (Curentul)