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What the newspapers say: August 26, 2008

de A.C.     HotNews.ro
Marţi, 26 august 2008, 8:51 English | Press Review

Russian billionaires cycle some 3.6 billion euro in Romania, one newspaper reads on Tuesday. Elsewhere in the news, the uninominal voting system pushes candidates to spend between 100,000 and 400,000 euro to campaign. On a lighter tone, Gypsies set up a wedding on the streets of one neighborhood in Bucharest. 

Cotidianul reads that Russian billionaires top up their fortune in Romania by investing in the oil and steel industry. Russian companies investments in Romania last year amount to some 12 billion Romanian Ron which basically translates into a business of 3.6 billion euro.

The biggest Russian investor is Lukoil which owns the Petrotel refinery in Ploiesti, nearby Bucharest and he owns the second biggest distribution network of gasoline after Petrom, the Romanian oil company.

Lukoil boss Vagit Alekperov has a very good relation with Putin and his fortune amounts to 13 billion dollars which makes Yusuf, his son, the wealthiest heir in Russia.

Elsewhere in the news, Gandul spotlights the uninominal voting system and notes that a candidate in the upcoming parliamentary elections will have to spend somewhere between 100,000 and 400,000 euro. Or at least this is what consultancy companies in Romania declared.

Even if politicians do not deny the huge sums, they declare that each candidate will spend only the money they have. The newspaper reads that politicians will have to pay the fees requested by consultancy firms.

Nonetheless, House speaker Bogdan Olteanu, a Liberal, declared that he would cut off campaign costs by making use of the door-to-door campaigning methods. Moreover, Olteanu warns that the legal sum to be spend by a candidate is 50,000 euro. Thus, Olteanu declared that he would not use mass media ads nor outdoor ones.

Former PM Adrian Nastase declared that he did not consider the costs of the future parliamentary campaign but that he would solve all issues when they come up. Democrat Liberals declared that each branch and candidate will be responsible for their campaign financing.

On a lighter tone. Evenimentul Zilei reads about the Gypsy wedding progressing in one downtown neighborhood in Bucharest where some hundreds of guests danced on the streets. The newspaper reads that local authorities approved the wedding even if the land where tents were placed is located among households and parking lots.

Nonetheless, police forces were called in the area and decided to end the party after a couple of hours.




















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