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RADOR: News from Romania, 97-12-09

The Press Agency of the Romanian Radio (RADOR Society) Directory - Previous Article - Next Article

From: RADOR Press Agency <>

December 9, 1997


  • [01] IMF Delegation Back in Romania
  • [02] Hard Times for the Romanian Economy
  • [03] New Jobs for Prof.Dr. Andrei Marga and Prof.Dr. Ion Victor Bruckner
  • [04] Seminar in Targu Neamt on Rromani Issues
  • [05] Romanian-Hungarian Business Council
  • [06] Central and East-European Summit
  • [07] Weather in Romania
  • [08] Currency Rates

  • [01] IMF delegation back in Romania

    Mr. Poul Thomsen, the IMF chief negotiator for Romania, met the new ministers in the Ciorbea Cabinet today at Victoria Palace. Mr. Thomsen wanted to find out if the newly appointed ministers were to change the economic policy of the Government, and what were the perspectives of the future cooperation between the IMF and the Romanian Government. He also expressed his interest in Mr. Mircea Ciumara's intentions concerning the autonomous companies and their influence on the next year's budget. This new visit of IMF representatives, which is the last this year, is very important to the Romanian economy as the figures in the 1997 budget are to be clarified. Poul Thomsen is accompanied by a delegation of World Bank experts who are to examine the way the ASAL agreement for agriculture and the FESAL agreement for industry were implemented. The new Romanian Finance Minister Daniel Daianu and a BNR team have informed that they will ask the IMF to accept new negotiations for a three-year agreement instead of one year. RADOR, December 9

    [02] Hard times for the Romanian economy

    The Romanian currency, the leu is dropping head-on against the US dollar and is soon to reach the psychological threshold of 8,000 lei to 1 USD. Last Wednesday, the dollar was up 36 lei, at 7,925 lei. The capital market sees no improvement either. The Bucharest Stock Exchange index, the BET, lost 31 points last Friday, at 667.2. Daily tradings have hardly reached half a million dollars. As far as the RASDAQ index is concerned, it saw a slight upgoing move on Friday, when it reached 3.893 points, but then dropped again by 142 points. Experts say the faster the privatisation and investment laws will be implemented the sooner the capital market will recover.

    Investments in Romania's national economy fell by two thirds in the first nine months of the year 1997 as compared to the same period last year. Investment fell mostly in purchasing transport machinery and means. The private sector, where financing is provided from the companies' own resources, saw the most dramatic fall in investments, of 51.4%. RRI-RADOR, December 9

    [03] New jobs for Prof.Dr. Andrei Marga and Prof.Dr. Ion Victor Bruckner

    Romanian Prof.Dr. Andrei Marga was sworn in as Minister of National Education. Andrei Marga is former professor of contemporary philosophy and general logics at the Babes-Bolyai University in Cluj-Napoca, Central Transylvania. The new minister of national education is politically independent. In his acceptance speech, he said the reform should be developed more rapidly in high schools and higher education institutions. Minister Marga highlighted that if new approaches were not promoted in two months time, then the obsolete style and methods might become dangerous. Minister Marga added the reform in Romanian education system should be approximated to the interwar traditions, still viable.

    On Monday, the 53 year old Prof.Dr. Ion Victor Bruckner was sworn in as Health Minister. He is one of the experts who drew up the medicare and medicaid chapter in the electoral programe of the Democratic Convention for the November 1996 elections. In his acceptance speech, minister Bruckner said a great deal of legal framework for health reform was already passed, and the difficult task of implememnting it would fall to his hands. The new health insurance will become operational on January 1, 1998. RRI- RADOR, December 9

    [04] Seminar in Targu Neamt on Rromani issues

    The Moldavian town of Targu Neamt, North-Eastern Romania, is hosting an international seminar devoted to the Rromani community. The seminar is organised by the European Union, the UN Children Funds (UNICEF) and the Minorities Department in the Romanian Government. The meeting is focused on planning and providing social services to the Rromanis as well as on issues concerning the integration of Rromani children in the Romanian education system. RRI-RADOR, December 9

    [05] Romanian-Hungarian Business Council

    The Business Council of Romania and Hungary was settled during a meeting on Monday. Participants included the Hungarian ambassador to Bucharest Szocs Ferenc and the president of the Hungarian-Romanian Joint Chamber of Commerce as well as some 100 enterprisers who have asked for registration as members in the Council and have elected George Cojocaru as president of the new body. Mr. Cojocaru is the current president of the Chamber of Commerce in the Romania and the City of Bucharest. An agenda of joint actions was established as well as the opening of branches in the capital cities of the two countries. An information monthly bulletin is to be published as well. RADOR, December 9

    [06] Central and East-European summit

    A summit of 11 heads of state in Central and Eastern Europe will be held at Levoca, Eastern Slovakia, on January 23/24, 1998. President Kovach, who's term in office expires in February, has invited the presidents of Germany, Austria, Hungary, Italy, Poland, Romania, Slovenia, the Czech Republic and Ukraine to the historical town of Levoca for the conference on "Civil Society - Hope of a United Europe". This will be the fifth summit of its kind following an initiative of the Czech President Vaclav Havel. RRI- RADOR, December 8

    [07] Weather in Romania

    Weather in Romania will be cold and cloudy in most of the country. Snowfalls may be expected in northern regions. Temperatures wil range from - 6 centigrades in the morning to 8 centigrades at noon. RADOR, December 9

    [08] Currency rates

    1 USD = 7,932 lei; 1 DEM = 4,442 lei; 1 FRF = 1,327 lei; 100 JPY = 6,081 lei; 100 ITL = 454 lei; 1 XEU = 8,807 lei RADOR, December 9

    The Press Agency of the Romanian Radio (RADOR Society) Directory - Previous Article - Next Article
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