Basescu Says His Goal Is To Keep Ponta From Becoming President
President Traian Basescu said Saturday in Alba Iulia, during a debate held by the Popular Movement Party, said his goal until November is to prevent prime minster Victor Ponta from becoming president.
Basescu said he will not hesitate to fight back against Ponta’s attacks on himself and his family and do everything in his power to keep Ponta from acceding to the position of head of state. (Evenimentul Zilei)
S&P Upgrades Romania To Investment Grade
Standard & Poor’s Ratings Services Friday upgraded Romania’s rating to BBB-, a notch above junk status, citing the fiscal consolidation and progress in reducing foreign debt.
S&P raised its long- and short-term foreign and local currency sovereign credit ratings on Romania to ‘BBB-/A-3’ from ‘BB+/B’, while the outlook is stable.
“Romania is making progress in reducing its external indebtedness. In addition, fiscal consolidation and financial sector stability continue to be on track,” S&P said in a statement.
“The stable outlook balances the likelihood of fiscal and reform programs exceeding our expectations, against the possibility of external imbalances re-emerging.” (Jurnalul National)
Constanta Harbor Employees To Protest Share Transfer To Local Authorities
Employees in the Constanta harbor will protest next week, Monday through Wednesday, over the Transport Ministry’s decision to transfer a 13% stake in the harbor to the local city council.
Union leader Mircea Burlacu said protests will be resumed after elections for the European Parliament.
He said harbor operators met with Transport Minster Dan Sova recently and Sova explained the decision to transfer a stake in the harbor to local authorities was politically motivated. (Evenimentul Zilei)
Romania Wins Nine Medals In Women’s Gymnastics European Championship
Romania won nine medals in the women’s gymnastics European Championship held in Sofia, Bulgaria.
Romanian gymnasts won two gold medals, five silver and two bronze. (Adevarul)