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12. 03. 10. - 10:00

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12. 03. 10. - 10:00

Romania receives another €one billion from the EC

Romanian Times

Romania received another one billion Euros from the European Commission (EC) yesterday (Thurs) as part of a five-billion-Euro loan agreed upon in spring 2009.

Disbursement of the tranche comes after a harsh evaluation of the country' s budgetary reforms.

EU Economic and Monetary Affairs Commissioner Olli Rehn said: "I am happy to report that Romania has complied with the policy conditions for the second EU disbursement.

"Progress made towards fiscal consolidation needs to be accompanied by structural policy reforms, including the adoption and implementation of the fiscal responsibility law and revised pension legislation.

"Financial assistance from the European Union (EU), the International Monetary Fund (IMF) and other international financial institutions has helped Romania overcome the worst of the economic and financial crisis," Rehn added.

Future installments from the EC will depend on Romania's ability to fulfill a series of terms set under the loan agreement, according to Rehn.

A joint IMF/EU team is scheduled to visit Romania in late April or early May to make a new assessment of the country's performance.

Almost half of Romanians live in poverty
Almost half of the Romanians (8.89 millions) are at risk of poverty or social exclusion, according to Eurostat data published today (Weds).

Police carry man off the snow and save his life
A man who had collapsed in freezing weather near a river, in Stoina, Gorj, southern Romania, was saved after policemen carried him for several kilometres.

New government with same eight former ministers proposed
The Romanian parliament will vote on the new government team, proposed by designated Mihai-Razvan Ungureanu, tomorrow (Thurs).

Forty-one dead in freezing weather
Another three persons have died due to low temperatures in the last 24 hours, the Romanian Health Ministry said today (Weds).

EC report on Justice is positive, minister says
Romanian Justice Minister Catalin Predoiu currently acting prime minister until the new government is voted in by the parliament, said today (Weds) that the European Commission's interim report on progress in justice is, overall, "positive".

Pink Martini concerts in Bucharest
American orchestra Pink Martini will give a concert in Bucharest on 26 May at the Palace Hall, part of the promotional tour for their latest album "A Retrospective", local organisers Events said today (Weds).

Romania's industrial output up
Romania's industrial output increased by 15.6 per cent in 2011, the National Statistics Institute (INS) said today (Weds).

Father tried for abusing four-year-old girl
A Romanian father was sent to trial for abusing his stepdaughter, aged only 4, prosecutors said today (Weds).

Pitch in best condition for Steaua-Twente match, authorities say
The pitch for the Europa League match Steaua Bucuresti - Twente Enschede will be in optimal condition, the Bucharest town hall promises, after criticism of the National Arena turf.

More Romanian tourists travel to Austria
The number of Romanian tourists to Austria rose last year, after two years of a decline, Austria's National Tourism Office in Romania announced today (Weds).