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23. 10. 09. - 17:00

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23. 10. 09. - 17:00

EC mission to assess use of loan by Romania

Romanian Times

A European Commission (EC) delegation will be in Bucharest from October 28 through November 9 to assess Romania’s economic performance.

The EC group will focus on Romania’s use of a one billion Euro disbursement from EU funds, the Commission said in a statement today (Fri).

The statement came one day after both the International Monetary Fund (IMF) and the World Bank said they would send assessment missions to Romania at the same time.

However, the EC and the IMF did not rule out the possibility of follow-up missions to Romania to continue talks with authorities in Bucharest after a new government was formed.

Romania, which secured 20 billion Euros in international aid from the IMF, the European Union (EU) and other foreign lenders, is relying on the disbursement of a third 1.5 billion Euro tranche from the IMF and a second one billion Euro tranche from the EU by the end of the year.

Teo Trandafir resigns over health problems
Former TV star Teo Trandafir announced today (Fri) she was resigning from her position as lawmaker.

Wizz Air fills bankrupt Malev's shoes
Low cost airliner Wizz Air announced today (Fri) it would start a new route Bucharest - Budapest, after Hungarian state-owned company Malev suspended all activity and announced it was on the edge of bankruptcy.

Romania's population down due to migration
Romania's population dropped by 2.6 million persons in the last ten years, the first data of the census performed in October has shown.

Twenty-four dead in cold weather
Another two persons died in the last 24 hours, in Romania, due to hypothermia the Health Ministry said today (Fri).

Schools closed over bad weather
School classes were suspended in 373 institutions in 29 counties all over Romania, due to meteorologists' warnings of heavy snow, blizzards and low temperatures.

More gypsies in Romania census shows
Romania's population is falling but the number of gypsies is increasing despite massive emigration according to new census statistics.

Bosch starts 77 mn Euro investment in Romania with state aid
German automotive components producer Bosch will invest 77 million Euros in a new production facility in Jucu, Cluj county, northwestern Romania, Romanian Prime Minister (PM) Emil Boc was informed today (Thurs).

Army ready to fight snow
The Romanian Army is prepared for the emergency situations provoked by heavy snow and blizzards with 4,000 soldiers and over 1,000 pieces of equipment, the Defence Ministry said today (Thurs).

Boeing aircraft on sale by the tax administration
A Boeing aircrfat is up for auction at the local tax administration in Bacau, northern Romania, for as low as 20,000 Euros.

Twenty-two died in cold weather
There were 22 persons who lost their lives amid the lowest temperatures this winter, which dropped as low as minus 32.5 Celsius.