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RADOR: News from Romania, 98-01-23

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

From: RADOR Press Agency <>

January 23, 1998


  • [01] The Reduction of the Tax on Salaries
  • [02] The Bank Law
  • [03] The Romanian Foreign Minister's Activity
  • [04] The Social Protection of Romanian Performers
  • [05] Romania's Foreign Debt
  • [06] Investigation in Carlos' Case
  • [07] Sports News

  • [01] The Reduction of the Tax on Salaries

    On Thursday, the Executive in Bucharest approved the Ordinance regarding the reduction of the tax on salaries. According to this ordinance, the tax will drop from 60% down to 45%. The ordinance also provides for an untaxable amount of 250,000 lei for each employee. Through the easing of the tax policy, the Finance Ministry will lose about 2% of the GDP from revenues coming from direct and indirect taxes. This 'gap' will be counterbalanced by the Ministry, through additional returns coming from the increase of the VAT. The Government in Bucharest has decided to increase the VAT from 18% to 22%, an about 3% price rise being estimated. Also in Thursday's session, Minister for Reform, Ilie Serbanescu, handed Sn his resignation to Prime Minister, Victor Ciorbea, in the contest of a proposal made by the Christian Democratic National Peasant Party to the Democratic Party, namely, the Democratic Party's taking over the office of first deputy prime minister to coordinate the economic ministries. At the Premier's request, on Friday, the latter is going to have a talk with the minister for reform, to clear up the issue. RADOR

    [02] The Bank Law

    On Thursday, the Romanian Senate passed the bank law. The law, the first in the package of economic laws submitted to this chamber of the Parliament, regulates the banking activities taking place through the Romanian National Bank and other banks, which have been set up as commercial companies. Under the new bank law, the representative offices of some foreign banks have a limited activity. At the same time, the directors of the foreign banks must be Romanian residents and, at least, one of them must have Romanian citizenship. The law had previously ben pSssed by the Chamber of Deputies. RADOR

    [03] The Romanian Foreign Minister's Activity

    On Thursday, the Romanian Foreign Minister, Andrei Plesu, received the President of the German-Romanian parliamentary friendship group, Klaus Franke, now on a fact-finding visit to Romania. The discussion approached issues of mutual interest for the bilateral relationship, which have been following an upward course, especially after the official visit to Germany paid last year by the Romanian President, Emil Constantinescu. Also on Thursday, Klaus Franke was received by the chaairman of the Senate, Petre Roman. On this occasion, the German official said that Germany would continue to support Romania's efforts for joining the Euro-Atlantic structures. RADOR

    [04] The Social Protection of Romanian Performers

    The setting up of a system for the social protection of Romanian performers, as well as the violation of the unionist rights of this social category were the issues approached in the press confeSence held in Bucharest by the Romanian National Trade-Union Block, on Thursday. The general secretary of the International Federation of Musicians (MIF), Mr.Jean Vincent, and the general secretary of the International Federation of Actors (IFA), Mrs.Katherin Sand, also attended the event. IFA includes 250,000 artists from 50 countries, among whom the well-known actors: Sharon Stone, Sean Connery and Tom Cruise. RADOR

    [05] Romania's Foreign Debt

    Romania's foreign debt on a medium and long term, at the end of October 1997, was 8.3 billion USD, the National Bank has announced. The largest sums are owed to international financial bodies, such as the International Monetary Fund and the European Union, as well as to some private banks of Germany, Switzerland, France, Great Britain and Japan. RADOR

    [06] Investigation in Carlos' Case

    The Swiss investigators who came to Bucharest to examine the evidence in the file of terrorist Ilici Ramirez Sanchez, also known as Carlos, have left RomaniaS The two Swiss investigators studied the documents gathered by the Romanian military magistrates, referring to the connection between Carlos and the Romanian Securitate in the '8os and heard several witnesses. The Swiss investigators are going to come back to Romania to continue their investigations on the terrorist acts perpetrated by Carlos, upon the order of the Romanian Securitate and of dictator Nicolae Ceausescu. RADOR

    [07] Sports News

    On Thursday, in Bucharest, the Romanian women's volleyball vicechampion Rapid beat 3-1 the Dutch team, Oldenzaal, in a match in the second round of the eighth finals of the European Volleyball Federation. Having defeated the Romanian team 3-0 in the first round, the Dutch team qualified for the quarter finals of the competition. RADOR

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