about us | newsletter | contact | archive | members area
Tal Roma, AFI Europe Romania
In 2017, the companies were facing a more competitive labour market»

Barroso: no real alternative to Romanian economic reforms

President of the European Commission Jose Manuel Barroso weighed in to support Romania’s economic reform agenda, against a background of opposition from political parties seeking to depose the Government over its financial policy

December 2010 - From the Print Edition

“We know that Romania has taken very difficult measures, tough measures, but the alternative would be even more difficult,” said Barroso on a visit to Bucharest. “The key now is to stay the course and implement the fiscal consolidation measures and structural reforms that the country needs.”
The EC President said that because Romania has one of the highest borrowing costs in the EU, without economic reform, the conditions for attracting investors, building trust and thus creating growth and jobs “will not be met”.
In October a combination of the opposition National Liberal Party (PNL) and Social Democratic Party (PSD) launched a vote of no confidence against the Government for its perceived financial mishandling of the Romanian budget, accusing the leadership of dictatorial tactics and nepotism.
The opposition claimed it had the right to launch the motion because opinion polls revealed public discontent with the leading Democratic Liberal Party (PDL) – the main party of Government.
The measure failed to pass Parliament but the PNL-PSD hinted it may launch further impeachments.
The EU has pumped in five billion Euro assistance package to Romania to limit the budget deficit and preserve macroeconomic security.
Barroso also “commended” the Romanian people and its authorities for their efforts during the global financial crisis. ■

There are 0 comments:

Validation Code

0 Comments  |  9697 Views
Daily Info
David Jordan named new CEO of Policolor-Orgachim group

The board of the Policolor-Orgachim group has announced changes in its top management structure: David Jordan has been named the new CEO of the Group.

Vienna Insurance Group posts growing profit in Q1 2018

Vienna Insurance Group (VIG) reports further improvement in all key figures for the 1st quarter of 2018 compared to the same period in the previous year.

E-Distributie Muntenia to modernise several electricity networks in Bucharest

E-Distributie Muntenia will invest about 6.1 million Euro this year for the modernization of the medium and low voltage grids in Eminescu, Floreasca and Domenii areas in Bucha...

Ford confirms second vehicle for Craiova assembly plant in Romania, 200 million Euro new investment and 1,500 new jobs

Ford confirmed today it is investing up to 200 million Euro and adding an additional 1,500 jobs to manufacture a second vehicle at its Craiova Assembly Plant, in Romania.

Romatsa buys insurance policy for 8.4 million Euro

Romatsa, the state company that manages the air traffic control activity in Romania, has purchased insurance policies worth 39 million RON (8.4 million Euro) for its employees...






More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.


TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

1 Comment

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

1 Comment

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.


ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...