Basescu Says PMP Won’t Collaborate Bith PSRO
Former president Traian Basescu said PMP will not collaborate with PSRO, a party led by his former social democrat rival Mircea Geoana, nor with PDS, led by former social democrat Marian Vanghelie.
“Over the past days, there have been false rumors that PMP is negotiating alliances or mergers with the parties of Marian Vanghelie (PDS) and Mircea Geoana (PSRO). Please note that PMP is not negotiating and will not form any alliance or merger with the aforementioned parties,” Basescu wrote on his Facebook page. (Adevarul)
Turkey Crisis Might Affect Romanian Exports But Could Redirect Investors
Political tensions in Turkey could affect Romanian exports to the country on the medium term, but could increase investor interest in Romania, according to an analysis by News.ro.
The failed coup attempt in Turkey didn’t have negative short-term effects in Romania, as the leu firmed versus the euro and stock prices declined insignificantly.
However, in the medium run, of up to one year, Romania could see negative effects considering Turkey is one of its major trade partners. Turkey is Romania’s biggest trade partner outside the EU and fifth largest in total. Last year, Romania and Turkey traded goods worth EUR4.43 billion. (Adevarul)
Romania Might Have To Wait Another Decade To Adopt Euro
It will soon be ten years since Romania joined the European Union but its timeline for euro adoption seems more and more distant.
While countries that joined the EU in 2004 switched to the single European currency much sooner (Slovenia in 2007, Malta in 2008, Slovakia in 2009), Romania might have to wait at least another decade.
“The topic is too important to be handled superficially, no one can afford a mistake. Not even the central bank is putting forth any timelines for euro adoption anymore. I doubt we’ll be paying in euros at the farmer’s market sooner than 2025,” said sources with the Finance Ministry. (Puterea)
EC Approves EUR440M Financing For Upgrade Of Apata-Cata Railway Segment
The European Commission approved the EUR440M financing request of Romania’s state-owned railway operator CFR SA for the upgrade of railway segment Apata – Cata, an important part of the project for the modernization of railway infrastructure on the connection Brasov – Sighisoara.
According to CFR, EC approved financing worth EUREUR440,007,116, namely 81.74% of the total value of the investment, while the rest of the funds will come from the state budget, namely EUR98,293,736 for 2016-2020 and EUR167,571,408 for 2021-2023.
The railway segment Apata – Cata is an important segment within the project for the modernization of railway infrastructure on the railway connection Brasov – Sighisoara, which is part of the Rhine-Danube Corridor.
The Connecting Europe Facility (CEF) program is an EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment at European level.
It supports the development of high performing, sustainable and efficiently interconnected trans-European networks in the fields of transport, energy and digital services. (Romania Libera)
Just 8.4 Million Romanians Pay Health Contributions
Only 8.4 million Romanians contribute monthly to the public healthcare system through contributions, said national health insurance house officials.
Although only 8.4 million pay monthly contributions , the system insures 17 million, while other 3 million are not insured but benefit from emergency medical services. (Adevarul)