Financial Press Review, 18 April

‘Frozen gas price, a ticking bomb’ – a Curierul Naţional headline reads.

The Government is looking into the possibility of keeping fuel prices in place; the private sector approves with half a heart.

However, history shows that the attempt to keep prices in place has had disastrous effects every time, the daily comments.

Among others, product extinction, destruction of output capacity, lower quality and underground economy.

The Ziarul Financiar presents the opinions of several analysts on the possible developments in the Romanian economy.

They believe that overcoming the recession should not be judged only by the GDP.

Follow other indicators, analysts’ advice.

Other indicators such as unemployment, trade or real revenue evolution.

The Bursa writes today about renting houses in Romania, a generally black market.

Most of the time owners do not sign renting contracts.

And if they do, they do not put the real rent in the contract and thus they always control the renter.

Today, Monday, we received the financial dailies at the news room – let’s review the first page subjects.

The Săptămâna Financiară writes about the possibility of fixed fuel prices.

Although it claims to be right-wing, the Government intends on reinstalling a left-wing measure, the weekly comments.

If this happens, the most probable scenario is that fuel companies will act rationally and limit their offer.

Why would they sell fixed-price fuel in Romania, when they can sell them on other markets, with free price?!

The result will be gas shortage, so queues at gas stations again, the Săptămâna Financiară concludes.

The weekly Capital opens today’s edition with the Bucharest referendum in two weeks.
‘Seven two-billion-euro questions’, the newspaper reads.

This is what the budgets of the people in Bucharest amount to and this seems to be the real stake of the dispute over the new organizational plan of the biggest city in Romania.

Translated by: Gabriela Lungu
MA Student, MTTLC, Bucharest University