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The European Commissioner, a technocrat, not a politician

President Traian Băsescu said yesterday that the naming of the European commissioner from Romania would be based on competence, not on political criteria. This put an end to the quarrel between PSD and PD-L on this...

The First 100 Days: New American Engagement for the 21st Century

James L. Jones, U.S. National Security AdvisorOne hundred days ago, the United States celebrated the inauguration of our 44th President.  Many around the world joined us in celebrating what was an historic...

Romania to take the infringement test

Romania has three months to catch up with the things it should have done in the past five years as far as the integrated waste management is concerned and to comply with EU standards. This week, the authorities in Buchar...

If the IMF is necessary...

People talk about the imminent appearance of an arrangement between the IMF and Romania to cover an "empty whole" in the external financing of the current account deficit; they would rely on the credibility that such an...

An irresistible offer

When the frozen EU was striving to determine Russia and Ukraine to resume the gas supply for the European houses and factories, Traian Băsescu, the president of a parliamentary republic, has found appropriate to call Mr...

The National Electricity Company deserves to exist

Russia and Ukraine reached an agreement on the resumption of gas transit to the EU countries. But the crisis in the recent weeks comes with a terrible moral regarding the Union. It was proven once again how weak and...

The Bucharest-Moscow axis

How much did the Romanian people decay if a banal phone call made by the President of Romania to the Prime Minister of Russia created a serious national concussion and an entire TV analysis? The sensational part of the...

Romania gets its slice in the Black Sea

For the first time, Romania wins a fair division of the continental plateau in the Black Sea, which includes the Island of the Snakes, a rocky formation that has poisoned our relations with Ukraine. The Court in Hague,...

"The Big Brother Directive" is legal

The appeal of Ireland against the so-called "Big Brother directive" regarding the storage of personal data has been rejected by the European Court of Justice. In these circumstances, the law 288/2008, which came into...

Romania and the IMF: unnecessary confusions

Romania needs foreign financial assistance due to the global recession, to the decreasing capital in emerging economies, to the short-term obligations of the private sector and, last but not least, to the lack in...

The economic crisis reduces pollution in major cities

The economic problems that have hit the country in the recent months have brought unexpected good news: the pollution in major cities has decreased. Not significantly, but it is the first decrease in the past nine...

19 billion euros for credibility

Radu Berceanu ready to swear that the IMF will be indulgent with Romania The loan package that Romania wants to take from the global financial institutions reaches 19 billion euros, only 4 of which will be used. The...

IMF saved Romania from bankruptcy

Romania, one of the poorest EU countries, is the third country in the European block that, due to serious economic problems, needed the "injection of funds" from the IMF to avoid getting to state bankruptcy and agreed wi...

Reduce the costs, not the personell!

"The most serious mistake of employers is to reduce the number of employees," says Hossu. "How do we get out of the crisis? Should we reduce the expenses or the staff?" The representatives of several companies that...

Mugur Isărescu / We do not exclude a loan with the IMF

Romania's private debt due in 2009 reaches 24 billion euros, 17.5 billion of which will be renewed, according to a study of NBR. The remaining 6.5 billion will be paid. The Romanian government also takes into account...

NEED FOR MONEY / The decision of a loan in two weeks time

The decision regarding a possible loan that Romania would get from the European Commission or the IMF is to be taken in two weeks, announced PM Emil Boc. The PM explained that any agreement with the...

Who wins after the global financial crisis?

The storm of the financial crisis haunts the world. Technically, it started in the U.S. It has expanded rapidly in Europe. It hit the Asian stock exchanges afterwards. The storm went then on the capital market. The bl...

Keynes redivivus (I)

The financial crisis is causing misery and creeps around the world, forcing governments to nationalize significant parts of the banking sector and central banks to inject huge amounts of liquidity into the financial...
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