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What the newspapers say: July 1, 2009

de C.B.     HotNews.ro
Miercuri, 1 iulie 2009, 2:04 English | Press Review

Romanian Government came up with a second set of anti-crisis measures on the last day the Government was allowed to pass emergency ordinance. Elsewhere in the news, Romanian Foreign Affairs Secretary said Romania has taken political engagement to return the Jewish community the assets they had been deprived of during World War II. Last but not least, Romanian Central Bank's deposits are shrinking: therefore, the state will get the one billion euros loan from the commercial banks, give it to BNR and BNR will lend the state in lei for investments.

Romanian Government came up on Tuesday night with a second set of anti-crisis measures, Gandul reads. In the last day when the Boc Government was allowed to use emergency ordinances, PM Emil Boc and Finance minister Gheorghe Pogea announced several measures designed to tackle the crisis.

  • The second anti-crisis plan will allow companies owing the state six more months to pay up their debts.
  • The reinvested profit will not be taxed, a measure that existed already and that needs be discussed with the IMF and the European Commission.
  • Half of the governmental agencies will be either annulled or merged.
  • The Fund for Small and Medium Enterprises Counter-guarantees will receive 105 million lei, which the companies will be able to use to pay production fees or to co-finance European projects.
  • There will be new facilities for companies hiring unemployed: the state will pay 50% of the employee's social contributions, otherwise supported by the employer, for nine months.
  • VAT return will not take longer than 40 days.
  • The state intends to massively support the investments from the third semesters by looking for the money in the fourth semester.

Romanian Foreign Affairs Secretary Bogdan Aurescu said Romania has taken the political engagement of returning the Jewish community the assets they had been deprived of and to tackle the Holocaust theme responsibly, Romania Libera informs. According to Romanian press agency NewsIn, the statement was made during "Holocaust Era Assets" conference held in Prague and Terezin, where 46 states took part, alongside important organisations and NGOs.

The conference organised by the Czech EU Presidency focused on the process of returning the Jewish communities the properties, sacred and cultural objects they had been robbed of during the Second World War, on Holocaust education and on the social assistance for the Holocaust victims and survivors. Aurescu admitted the returning process took very long and encountered difficulties in Romania. Nevertheless, the Romanian diplomat hopes a Holocaust monument will be completed this year and exhibited in Bucharest.

Romanian incumbent President Traian Basescu says that Romania will borrow one billion euros from the commercial banks to invest in infrastructure, according to Adevarul. The money will be available by mid-July. The loan is for two years and will be returned with below 5% interests. The national stake, according to the President, is that the local branches do not send their money surplus to the mother branches: the excess is to be absorbed by the Ministry of Finance.  

Romanian Central Bank's deposits are shrinking. Therefore, the state will get the one billion euros loan from the commercial banks, give it to BNR and BNR will lend the state in lei, the national currency, for investments. Basescu warned the constructors that the investments would cease should they fail to pay their state contributions.
























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