Romania: Vladescu: Romania is a country that pays its obligations

February 24, 2010

Vladescu: Romania is a country that pays its obligations
Feb 24, 2010

Vladescu: Romania is a country that pays its obligations.
Bucharest, Feb 24 / Agerpres / - Romania is a country that pays all of its obligations, Finance Minister Sebastian Vladescu on Wednesday said at a press conference.

According to him, Romania has no financing or liquidities problems.

FinMin's statements came after certain allegations Romania would be in default. 'Such allegations saying Romania would be in default represent nothing else but a nonsense and I could say they are anti-national too, because they generate emotion on the markets,' he said.

Moreover, the head of Finance said that the authorities maintain the macroeconomic stability, in the context in which if macroeconomic stability doesn't exist, during such times of crisis, the effects of the downturn would get increasingly worse for the population.

'I want to answer the question: 'What did the Government and the Romanian National Bank, what have the state institutions done during such time of crisis?' They have maintained macroeconomic stability. Macroeconomic stability is very important for every country. We have a budget that allows us to function,' said Vladescu.

He gave assurance that the state does have the money to pay pensions and salaries until the end of the year.

'No citizen should be worried. We will pay pensions and salaries. Romania is a solid state,' said Valdescu. AGERPRES
[Read the article in ]

SEE ALSO IN ROMANIAN NEWSPAPERS

Rompetrol Bulgaria Head Arrested in Brawl with Security Guards Of Bulgarian Parliament Speaker One of the two Romanian nationals arrested Saturday for assaulting the security guards of Bulgarian Parliament Speaker Tsetska Tsacheva, is the CEO of Rompetrol Bulgaria, according to information from the Bulgarian National Radio, quoted by (...)

Two Romanians Arrested In Brawl With Security Guards Of Bulgarian Parliament Speaker Two Romanian nationals were arrested in Veliko Tarnovo, Bulgaria, after getting in conflict with the security guards of Bulgarian Parliament Speaker Tsetska Tsacheva, Novinite.com. informed.

Nearly 135,000 Tourists Spend Weekend On Romanian Black Sea Coast Nearly 135,000 tourists are spending their weekend in resorts on the Romanian Black Sea shore.

Romanian Govt Postpones Implementation Of Electronic Road Toll System Until Oct 1 Romania’s Government has postponed the implementation of the country’s electronic road toll system until October 1, because of numerous challenges against the auction selecting the company that will develop the system.

Members of a human trafficking network in temporary arrest for introducing 180 minors in Great Britain to steal and beg Romanian prosecutors sent to court 26 members of a crime network and temporary arrested 18 of them accused of introducing 181 minors in Great Britain to steal and beg, a press release of the institution reads. The British daily Daily Mail notes on Friday that 200 Rroma children were brought (...)

Romanian Fin Min: New Forecasts Show 1.7%-1.9% GDP Contraction In 2010 Romanian Finance Minister Sebastian Vladescu on Friday said new estimations indicate an economic contraction of 1.7%-1.9% in 2010, compared with a previous forecast pointing to a stagnation or a minor decrease.

Romania's 2009 insurance market: net loss for insurers decreased by 5.6 times The net loss of the insurance market in 2009, calculated as the difference between losses and profits, registered by insurance companies, decreased by almost six times compared to 2008 at 102.3 million lei. Seven companies registered profit, the annual report of the committee supervising the (...)