Basescu Says Romania Is One Of Three Countries To Exit Crisis

Romanian President Traian Basescu said Monday romania is one of the three countries that made their way out of the crisis.

He said the country needs to make good use of EU funding to guarantee its economic growth, which is what the head of state said he expects from the Ponta government.

“Three countries have exited the crisis and Romania is one of them. Germany exited the excessive deficit procedure last year and Romania and Hungary this year,” said Basescu. (Puterea)


Ponta Says It’s Possible Romania Will Give Next NATO Secretary General

Romanian Prime Minister Victor Ponta said on B1 it is possible the future NATO secretary general will come from Romania but it would not be President Traian Basescu.

Ponta said he has been asked for support for the position but not on Basescu’s behalf. He declined to say who it was but said he would support that person if they have a real chance at being appointed NATO secretary general. (Evenimentul Zilei)


Romanian Leu Firms To 16-Month High Of 4.3224 Vs Euro

The Romanian leu’s appreciation to the euro is good for people with bank loans in euros but not so good for the country’s exporters, Prime Minister Victor Ponta said Tuesday.

“It’s good for everyone who has to pay back loans in euros. It’s not so good for exporters but what’s important is that it sends a message of confidence and stability,” said Ponta.

On Monday, the central bank’s reference rate for the Romanian leu strengthened 0.3% to 4.3224 units, the highest rate in 16 months. (Puterea)


EC Approves EU Funding For Romania’s Sebes – Turda Highway

The European Commission has approved the financing of Romania’s Sebes – Turda highway from EU funds through the operational transport program.

The Commission has also approved EU funding for works on two subway mainlines in Bucharest.

The Transport Ministry will be able to get funds for 85% of eligible project expenses and funding reimbursement applications will be sent to Brussels by September. (Adevarul)


Over Half Of Romanians Celebrate May 1

Over half of Romanians celebrate May 1 and most prefer to spend it and home (39%) or go out for picnics and barbecues (39%), according to a poll by IRES.

Although May 1 vacations are popular and people seek destinations both in Romania and abroad, only two out of ten Romanians said they would leave home.

Romanians plan to spend May 1 barbecuing (41%), visiting friends and family (54%), in the mountains (35%), and the countryside (34%). (Gandul)

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