China plans to invest in road infrastructure in Romania but with state warrantees: The investment is not for free, Chinese Ambassador said  Chinese Ambassador to Bucharest, H.E. Liu Zengwen said that Chinese businessmen are interested to invest in the road infrastructure in Romania, including in highways but big investments need to be assured with state warrantees, news agency Mediafax reports.
UPDATE Mona Pivniceru was elected member of the Superior Council of Magistracy from the Higher Court of Justice  Judge Mona Pivniceru was elected on Friday as member of the Superior Council of Magistracy as representative of the Higher Court of Justice. Pivniceru received 49 votes while her main countercandidate, judge Gabriela Barsan received 47 votes. In the first round Pivniceru received 32 votes and Barsan 37.
Bihor: two Polish tourists hit by a lightning Two Polish tourists died on Friday morning after they have been struck by a lightning during a powerful storm nearby a mountain cabin at Padis, Bihor county. Spokesperson of the rescue team said that the two tourists were surprised by a storm and were hit by a lightning.
US Ambassador explains why he criticized the decision of the Constitutional Court on the law modifying the Constitution: in so far as there is corruption, American companies will not invest in Romania / That is why I take a stand, not because I want to get involved into politics US Ambassador to Bucharest, H.E. Mark Gitenstein explained in a statement for his reasons for criticizing, the other days, the decision of the Constitutional Court on the project revising the Constitution proposed by President Basescu. Romania offers opportunities but as long as there is corruption and no rule of law, American investors will not invest in Romania, Gitenstein said for
European Parliament waives immunity of Romanian MEP Adrian Severin  The European Parliament decided to waive the immunity of the Romanian MEP Adrian Severin, involved in a scandal of money for amendments in the European Parliament. European Parliamentarians voted on Thursday the report of the Judicial Committee of the Parliament that recommends the EP to waive the immunity of Adrian Severin.
Adrian Severin reacts to the EP decision to waive his immunity: it is a deceitful and mean justice act it did not hit only me but Romania as well that, through me, in the last months lost important influential positions that are not easy to recover / The joy of the Romanians is absurd Romanian MEP Adrian Severin reacted shortly following the decision of the EP to waive his immunity through a press release. The press release reads that he commends the decision of the EP because after months of hesitations and accusations it opens the way towards investigation.
UPDATE President Basescu before leaving for the Summer European Council: We will not accept to have new requirements to join Schengen President Traian Basescu will attend, on Thursday and Friday the Sumer European Council meeting. The agenda includes subjects like the economic problematic, immigration, consolidating Schengen and the negotiations of Croatia to join the EU and the evolutions in the South vecinity of the EU.
President Traian Basescu: the maximum number: eight regions plus Harghita and Covasna that remain separate/ If UDRM refuses, there will be no territorial reorganization but a decentralization  President Traian Basescu declared on Wednesday night for a news television B1TV that the maximum number for the regions is eight counties plus Harghita and Covasna, dominated by the Hungarian minority that will remain separate and dependent on government financing. He said that if the Hungarian Democrats refuse, there will be no territorial reorganization but a decentralization.
EBRD and IFC approves a 115 million euro loan for two wind parks in Romania  The European Bank for Reconstruction and Development and IFC, part of the World Bank will offer a 114.8 million euro loan to finance some wind parks in Romania developed by the Portuguese company EDP Renovaveis according to Each of the two financial institutions offers 57.4 million euro to Cernavoda Power SA, a company owned by EDP Renovaveis. The capacity of the two parks will be of 139 mw.
Romanian George Iacobescu named President of Canary Wharf Canary Wharf developer named George Iacobescu, the executive director of the company, President of the British group, Reuters reads. George Iacobescu, that is unofficially considered the best paid Romanian in the world, replaced Sir Martin Jacomb who withdrew.
German MEP: Romania, Bulgaria and Greece need to leave EU fund management in the hands of foreign experts Romanian, Bulgarian and Greek leaders should allow foreign experts to manage EU funds, German MEP Jorgo Chatzimarkakis declared for Euractiv. All these countries are very proud saying that this measure would affect their sovereignty, Chatzimarkakis said.
Mihai Tanasescu, IMF: There are arguments that claim that the crisis will be extended / I do not believe Greece risks a default but if it happens the financial sector will be most affected  One of the themes of the last months is related to Greece’s situation and the way its situation might affect the rest of the European economies. Romania’s representative to the IMF, Mihai Tanasescu talked with about the impact of Greece over the Romanian economy.
Kelemen Hunor asked if UDRM will exit the government: anything is possible Anything is possible, Hungarian Democrat leader Kelemen Hunor said when he was asked whether his party might exit the governing coalition if an agreement on the two parties is not reached over the territorial reorganization issue. We do not accept the 8 region proposal and we are seeking a middle ground but we did not find it yet, Hunor said.
Basescu: on Monday we will have a decision of UDRM on territorial reorganization / The new Superior Council of Magistracy fell ill of the same illness of the old one / Territorial reorganization would save the state 100 million euro annually / USL leaders – immature and irresponsible for asking early elections  President Traian Basescu announced that on Monday, June 27, the Hungarian Democrats will present a point of view on Romania’s territorial reorganization, saying that it will be done. Basescu rejected one more time the proposal of the opposition for early elections. Basescu announced that it will maintain in the project revising the constitution the proposals on the elimination of the presumed legal means of acquiring every wealth and that on the elimination of the immunity for Parliamentarians and ministers even though the Constitutional Court declared them unconstitutional.
US Ambassador Mark Gitenstein: the decision of the Constitutional Court on the revision of the Constitution takes away the possibility of the citizens to decide  US Ambassador to Bucharest, H.E. Mark Gitenstein said that the decision of the Romanian Constitutional Court on the constitutionality of the proposals to modify the constitution are worrisome because it stalls the efforts to consolidate justice and fight against corruption in Romania, a press release of the Embassy reads.
The death of Jeffrey Franks’father postpones for Monday the first IMF evaluation in the new agreement with Romania The IMF postponed for Monday the first evaluation of the new stand by agreement signed with Romania following the death of Jeffrey Franks’ father and the IMF chief of mission in Romania will be on leave until Saturday, Romania’s representative to the IMF Mihai Tanasescu declared for
Romania promises Republic of Moldova support for a strategy developing the judiciary  Romanian Justice minister Catalin Predoiu met his Moldovan counterpart, Oleg Efrim at Bucharest and offered the support of the Romanian party for European integration and a strategy developing the judiciary, news agency Agerpres reads.
President Basescu: I am determined not to give up the presumption that wealth is legally accumulated / Ponta: we are willing to support an independent government and have early elections in November 2011  Leaders of the opposition, Victor Ponta and Crin Antonescu declared on Tuesday that they will not make any compromise with President Traian Basescu and proposed during talks at Cotroceni support for an independent government and early elections this fall. The proposal was refused by the President saying that early elections would mean throwing the country into instability.
Romanian diplomat at Budapest: Hungary’s government is extremely spontaneous it offers statements wherever it comes  The Budapest government is very spontaneous in the sense that it offers statements wherever it comes to it because they want to be perceived as reactive, Romanian Embassy deputy chief of mission Mihaela Pop said. She explained in a meeting with the Romanian press at Budapest that the statements made by deputy Prime Minister Zsolt Semjen regarding the Hungarian minority in Romania is part of a “discourse that we are used to and the statement was not surprising.”
A first for Romanian advertising sector: two big prizes for McCann Erikson for its American Rom campaign Romanian advertising agency, McCann Erickson managed to win two Grands Prixes in the promo/activation and direct categories for its campaign, the American Rom. This is the first time that a Romanian company won a Grand Prix. The same campaign brought McCann two bronze lions at the PR Lions category according to some representatives of Romanian agencies, present at the gala.


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