Basescu Proposes Pact For Agriculture For 2014-2030
Romanian President Traian Basescu has proposed that political parties and agri-food sector organizations sign in September a pact for the development of Romanian agriculture in 2014-2030.
The proposed pact would include the objectives of a presidential commission’s report on agriculture, launched for public debate Monday.
(Adevarul)
Traian Basescu On official Visit To Republic Of Moldova On July 17
Romanian President Traian Basescu will go on official visit to the Republic of Moldova on July 17, at the invitation of Moldovan president, Nicolae Timofti, Radio Chisinau reported.
Basescu will meet with Timofti, the head of Parliament Igor Corman, prime minister Iurie Leanca, and other Molodovan political leaders.
Basescu was initially supposed to visit Moldova in February but the visit was postponed because of Timofti’s health issues. (Puterea)
Romanian Central Bank Cuts Key Rate For First Time In 15 Months
Romania’s central bank cut its main monetary policy rate by 25 basis points to a record low of 5% a year, amid lower inflationary pressures.
It is the first rate cut since March 2012. A government collapse in April last year and volatile external markets have prompted the bank to halt its monetary easing cycle.
“The decision sought to firmly anchor inflationary expectations, consolidate the transmission of the monetary policy drive and increase confidence in the economic performance as the country has accomplished the agreements signed with the international financial institutions,” the central bank said Monday. (Adevarul)
Isarescu Says New IMF Deal To Keep Financing Costs Down
Romanian central bank governor Mugur Isarescu on Monday said the government should try to secure a new financial package from its international partners to keep borrowing costs at low levels.
“My recommendation is that we sign a new agreement, because the last one has proved beneficial. We were able to borrow cheaper, even if we haven’t drawn under the agreement,” Isarescu told reporters after a monetary policy meeting.
A new deal with the IMF would also add to Romania’s credibility, he said. (Evenimentul Zilei)
China Nuclear Electric Interested In Cernavoda Reactors Project
Officials of China Nuclear Electric will come to Bucharest in July for talks with the Romanian Government on the company’s potential involvement in the Cernavoda 3 and 4 nuclear reactors project, said Prime Minister Victor Ponta, on an official visit to China.
Ponta said investors will be able to hold the majority stake in the nuclear reactors’ project.
The joint venture set up to invets in the building of two new reactors in Cernavoda is 84.65% controlled by the state, through Nuclearelectrica. Other shareholders are Italy’s Enel with 9.15% and ArcelorMittal Romania with 6.2%. (Puterea)
Tourist Arrivals Up 1% On Year In May
Arrivals at Romanian tourism accommodation establishments rose 1% in May from the year-earlier month, but overnight staying declined 6.7% on the year, data from the statistics institute INS showed Tuesday.
Residents accounted for 74.8% of total arrivals at accommodation establishments in May, while foreigners made up for the reminder 25.2%.
The vast majority of foreign visitors (81.6%) came from Europe, the data showed. (Jurnalul National)