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RADOR: News from Romania, 00-01-26

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

From: RADOR Press Agency <>

26 January, 2000


  • [01] Mugur Isarescu Met Andrew Vorkink
  • [02] Debates at the Institute of Liberal Studies
  • [03] Foreign Affairs Minister Petre Roman Is Paying a Visit to the United States
  • [04] The Strike in Railroads Ended

  • [01] Mugur Isarescu Met Andrew Vorkink

    Prime minister Mugur Isarescu reviewed with Andrew Vorkink the World Bank's projects for Romania, and informed the director for Romania in the World Bank about the current talks between the IMF and the Government in Bucharest. Andrew Vorkink, quoted by RADIO ROMANIA ACTUALITATI, expressed his satisfaction with the progress made regarding the PSAL program for industry, and said the conditions necessary to release the second package would be met by the end of February. The World Bank representative added the negotiations regarding PSAL 2 had already begun, and the agreement on this program would be concluded at the middle of this year. Andrew Vorkink also said Romania had still to meet oRe of the seven conditions agreed upon at signing the program ASAL, namely the privatization of the former state- owned farms, in order to receive the remaining money provided for this program. Vorkink mentioned the World Bank would like to release at least part of that package, but a final decision would be taken according to the results of the current talks between the Romanian Government and the IMF on the state budget and the tax and salary policies. RADOR

    [02] Debates at the Institute of Liberal Studies

    "Tax reform and the chances of economic recovery" - this was the topic of the debates organized by the Institute of Liberal Studies. Justice minister Valeriu Stoica stressed at the beginning of the debates that tax reform started this year with the reduction of taxes on profit, the introduction of a unique added value tax and of the overall tax. He pointed out that the tax reform aimed at changing the share held by direct and indirect taxes, in order to create an economic envirRnment favourable to efficiency and economic recovery. Prime minister Mugur Isarescu, quoted by RADIO ROMANIA ACTUALITATI, considered the tax reform also included in the governing program would be beneficial to those dedicated to economic performance and would help them obtain good profit. Isarescu also said economic recovery could only be achieved through savings and investments, and tax relaxation was necessarily preceded and accompanied by competitiveness. Finance minister Decebal Traian Remes pleaded in favour of the new tax measures, stressing that the set of laws adopted represented the basis of the state budget for this year. Andrew Vorkink, director for Romania in the World Bank, considered tax reform was the corner stone of any future development, adding that all budget expenses had to be covered at present. In his opinion, a correct tax system represented the symbol of legislative stability, and was absolutely necessary to attract investments. Other participants in the deRates were Stephen Cosse, permanent IMF representative, Steven Skovmand, first counsellor of the European Commission Delegation, Ziad Alahdad, head of the World Bank Mission in Romania, Jean-Pierre Talerda, president of the Foreign Investors Council, Dan Voiculescu, president of the Romanian Businessmen Association, and Dumitru Costin, president of the National Trade Unions Block. RADOR

    [03] Foreign Affairs Minister Petre Roman Is Paying a Visit to the United States

    On an official visit to the US, Romanian foreign affairs minister Petre Roman met the secretary of state Madeleine Albright. RADIO ROMANIA ACTUALITATI informed that the two heads of diplomacies focused on the strategic partnership between Romania and the United States and on the OSCE. Both Petre Roman and Madeleine Albright stressed the need to foster the economic and commercial component of the strategic partnership. The Romanian foreign affairs minister presented the objective of the Romanian diplomacy for this yeaR and the preparations in view of taking over the OSCE presidency in 2001. RADOR

    [04] The Strike in Railroads Ended

    A Court in Bucharest ruled as illegal the strike called by some of the railroad employees, RADIO ROMANIA ACTUALITATI informs. Consequently, the railroad transport resumed on Tuesday evening. RADOR

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