Financial Press Review, 7 June

Under the title "Romania, on favorable trend for foreign loans", the Curierul Naţional wrote: "Romania's lending costs down to the lowest level since November."

The investors were again interested in securities issues in euro in our country after the austerity measures of the Executive.

"The macroeconomic situation improved and it has lower risk chance", the Bursa also noted quoting Jeffrey Franks, the head of the IMF mission.

The Ziarul Financiar revealed in an article that "weaker external demand slowed business growth in the industry", the sector had the largest contribution to the economy out of recession.

"Reduced demand has forced companies to reduce prices", the newspaper noted.

The Curierul Naţional opened with an article entitled "Prima Casa came with surprises."

The fact that the First Home 4 can be accessed by the persons holding an ownership of up to 50 square meters determined the Romanians to give up the studios and aim for apartments of two and three bedrooms.

As a result, the studios became cheaper for the first time after three years, there have significantly increased their prices charged by the owners of apartments of two and three bedrooms.

The Ziarul Financiar commented on a study on the savings of almost 12 billion euros made ​​last year by the Romanians working abroad.

Of this amount, the remittances to the country were only 2.8 billion euros.

40 percent of the Romanian migrants do not send any money home. One explanation could be the slight intention of Romanian immigrants to return to the country, the study presented by the Ziarul Financiar said.

The weekly Economistul presented a discussion on "the adequate solutions to combat the scourge of human capital losses."

As it became a mass phenomenon after 1993, to then enter a downward trend, outflows increased again in recent years.

"In just five years, Romania became the second country of origin of migration flows to OECD countries."

Emigrants are often more active and responsive, mostly qualified.

"The people with the potential for innovation leave us."

"The phenomenon of brain drain strongly eroded the capacity of developing country."

"Romania"s human potential is in danger."

The population decreases on average by 94 000 persons per year, along with a slow but continuous process of demographic aging, driven mainly by the lower birth rates.

It is therefore necessary to stimulate the birth and creation of conditions appropriate to have a balanced population.

According to demographic forecasts made ​​by several institutions, including the international ones, in 2050 we risk to have a population equal to that of the Kingdom of Romania until 1918, Marin Dinu Professor Doctor revealed for example at the debate presented in the Economistul.


Translated by: Iulia Florescu
MA Student, MTTLC, Bucharest University