Financial Press Review, 14 July

‘Debt crisis in a new stage, authorities have to give respond so that it does not spread’, the Bursa quotes Mario Draghi, future President of Central European Bank.

‘Bankers brace themselves for the worst in European debt crisis’ the Ziarul Financiar reads on the same subject. ‘Worst case scenario – one or more states leave the euro zone’.

The Ziarul Financiar opens with ‘best news in trade’: after nine consecutive quarters of falling, ‘Carrefour has announced increasing sales in the second quarter’.

The French are not the only retailers that believe in a consumption revival, the daily reads.

Below the headline ‘Scanner block at customs, investigated yesterday by the Government’, the Curierul Naţional reads that NAFA Vice President, Viorel Comăniţă, was summoned yesterday, in order to explain why the scanners that check trucks at the border break down so often.

Reducing smuggling with excise products is hard if scanners only work from time to time, the daily reads. ‘This spring, cigarette producers claimed that only one of three trucks was checked, because Order 5300 from 2010 was recalled. This order has to be reconsidered’.

‘The National Customs Agency is doing a risk analysis, checking people’s documents to see if they are smuggling anything. But smuggling is not made with documents; otherwise it would not be called that’. ‘We have 2000 km of border with non-EU countries. This is where smuggled excise products come from, but they are not discovered because trucks are not scanned’, the daily reads. This is also EU’s border’.

The Curierul Naţional opens with the headline ‘Cell phone, Romanians’ best friend’. ‘The emotional connection with it has become so strong it borders on addiction’.

The Bursa reads that 35 percent of the country has access to a land line or a cell phone, and 11 percent of Romanian households do not have access to a phone’.

‘Romanian has the smallest number of households with a computer’.

‘Regarding internet connection, Romania and Bulgaria are tied, both on the last place’, the Bursa reads.