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RADOR: News from Romania, 98-01-20

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

From: RADOR Press Agency <>


  • [01] The Extraordinary Meeting Prepared for Wednesday
  • [02] The Syrian Deputy Prime Minister in Bucharest
  • [03] The Modification of VAT Value
  • [04] Government Approved a New Regulation Concerning Debts Compensation among Economic Agents
  • [05] Romania Is to Participate in Privatizing of MOLDTELECOM
  • [06] Government Will Take Charge of Privatization Law, in Parliament

  • [01] The Extraordinary Meeting Prepared for Wednesday

    The presidents of the two parliamentary chambers in Bucharest are preparing the extraordinary meeting due on Wednesday. This meeting was called by President Emil Constantinescu on Saturday evening, when he presented his stand in the political dispute between two of the ruling partners, the Democratic Party and the Christian Democratic National Peasant Party. President Constantinescu called on Prime Minister Victor Ciorbea to present the government's responsabilities in front of the parliament, in point of reform laws. Today, the government will decide which is the law establishing its responsabilities. Governmental sources say this law will be on privatization of companies or the law on direct investment, both promoted late last year. The law provviding for governmental responsabilities will be considered valid in case no censorship motion be filled until Wednesday. In case the parliamentary majority should pass the motion, the Senate and the Chamber of Deputies are supposed to have withdrawn their vote of confidence to the government, which will be dismissed.

    [02] The Syrian Deputy Prime Minister in Bucharest

    Romanian Foreign Minister Andrei Plesu and the Syrian Deputy Prime Minister for economic issues, Salim Yassim, had talks in Bucharest, this Monday. They made a reviw of the bilateral ties, with special stress on economic, commercial and cultural relations. Syria said the peace process in the Middle East needs to be just and correct. Salim Yassim is also taking part in the meeting of the Romanian-Syrian joint governmental commission. The two sides are to sign agreements of co-operation in transports, trade, health care, environment, youth and sports.

    [03] The Modification of VAT Value

    On Monday, the Executory approved an emergency order concerning the modification of the other order referring to VAT. During the press conference, the Secretary of State at the Finance Ministry, Dan Rusanu, specified that VAT quota on zero will be kept up for electric energy, termic energy, fuel and transports through Danube Delta. For food and agricultural produce the growth will be 2%, thus reaching at 11%. For all the other products VAT growth will be 4%, thus reaching at 22%. The Agriculture and Feeding Minister, Dinu Gavrilescu, specified that VAT will lower from 18% to 11% for: bread, consumption wheat or for sed, sunflower seeds, hybrid maize and sugar beet.

    [04] Government Approved a New Regulation Concerning Debts Compensation among Economic Agents

    Almost eight years the financial shutting off was the difficult problem of all our governments after December 1989. No one could settle it. Trying to do something for that, Ciorbea Government approved a new regulation concerning debts compensation among economic agents, says a BBC reporter's commentary. The regulation is applied to those enterprises, independent administrations and societies which can pay their present debts, but couldn't pay their old ones. This situation is due to the fact that these enterprises couldn't recover the debts from their own debtors. Recently the Industry Minister, Mircea Ciumara, specified some enterprises in upper situation, such as: RNRC (The Romanian National Railway Company), SIDEX siderurgical aggregate works from Galati, or Independent Administration of pitcoal from Petrosani. The newness of this regulation is that the compensation system will be instituted so that the enterprises will settle their accounts by a compensation service, which will be organized by the Trade and Industry Ministry. Centralization all informations about the debtors and the creditors, thie service will be able to offer the best payment solutions to the enterprises. It will also give an opportunity to find out those enterprises which are in debts one to the other. The specialists say that the immediate economic effects of this regulation coming into practice, are: the lower of the debts and the lack of liquidities will be eliminated. The Industry Minister, Mircea Ciumara, hopes that the financial shutting off from industry will lower with more than 9,000 billion lei. RADOR

    [05] Romania Is to Participate in Privatizing of MOLDTELECOM

    A Romanian delegation, led by Telecommunication Minister, Sorin Pantis, paid a work visit to the Republic of Moldova. According to MOLDPRES Agency Press Service of the Government in Chisinau, quoted by MOLDOVA RADIO, the Romanian minister has met a lot of important persons belonging to the Presidency, the Parliament and MOLDTELECOM. On Sunday, Sorin Pantis has met the Prime Minister Ion Ciubuc, who made a short presentation of the social- economical situation of the country. On the occasion, the Romanian minister said that we are ready to participate to the process of privatization of MOLDTELECOM. He also declared that in the domain of Romanian telecommunication the investments were doubled and 522,000 phone lines as well 8,000 optic fibre main line were set up. RADOR

    [06] Government Will Take Charge of Privatization Law, in Parliament

    On Monday, after the governmental meeting, the Trade and Industry Minister, Mircea Ciumara, declared to the press that the Executory decided to take charge, in Parliament, of privatization law. The Privatization Minister, Valentin Ionescu, affirmed in his turn, that it was fixed a precise schedule for the other draft bills, mentioning those concerning RNB (Romanian National Bank) Statute and Concession Law. ROMANIAN RADIO NEWS.

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