Financial Press Review, 18 July

Today’s Ziarul Financiar opens with ‘European Banks Exam: two Romanian groups in top 10 fail, three pass by the skin of their teeth’.

‘Banks that failed the European stress test have to keep consolidating their capital, including selling assets’.

All the dailies address the statement that the NBR Governor made on Friday on the perspectives of inflation.

‘Mugur Isărescu expects a 5 percent inflation in August’, the Bursa reads. ‘We will no longer be the last in Europe’, the daily reads.

The Curierul Naţional opens with the headline ‘Will what went up come down?’
The Săptămâna Financiară reads: ‘Isărescu: ’The RON will only depreciate if we take our panic into market behavior’’.

The Curierul Naţional also addresses the issue of money: ‘Health care needs 4.4 billion RON to survive’.

Minister Cseke Atilla stated at Târgu Mureş that ‘his ministry ‘must’ get positive rectification, arguing that without it the ministry will collapse’.

‘Cseke cannot make ends meet without 1 billion euro, a quarter of the annual budget’, the Ziarul Financiar reads.

The budget rectification will occur in August. ‘It’s the national oncology, diabetes and cardiovascular programs that are pressing’, the Curierul Naţional quotes the Minister.
Below the headline ‘Anca Boagiu on freeways’, the Ziarul Financiar reveals that the Ministry of Transport ‘is missing official data from the constructors contracted for the Arad-Nădlac freeway segment’.

‘The statement’s oddness is doubled by the fact that this Minister is supposed to get daily reports on the situation of the freeway sites around the country’, the daily reads.

The Bursa reads: ‘First Romanian tram produced at Arad. Imperio is the newest and most economical product on the global market’.

German company Siemens made the traction system, while Astra Vagoane Călători from Arad produced the car body and assembled the trams.

‘There are around 2 000 trams in Romania, most of which older than 40 years’, the daily quotes Valer Blidar, ‘one of the biggest Romanian businessmen’, in charge of Astra Vagoane.

‘The tram factory in Arad, which produces 36-40 trams annually, wants to take the Imperio to surrounding or Western European countries as well’, the Ziarul Financiar reads. In case of larger orders, employees will work in three shifts.

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