National Press Review, July 26

"Drought damages harvest", we can read in Jurnalul Național . .: More than 30 percent of the area under cultivation with corn, sunflowers, potatoes.Hunedoara between 50 and 60 percent of the area, Covasna and Braşov-30 percent, Dolj-80 percent of the corn crop. If it does not rain in the coming days all harvests could be fully compromised this year.

"The nine-percent VAT on food will be useful only if prices fall down" appreciates the specialists asked by Ziarul Financiar. The measure under consideration by the Government for 2013 could have good effects, but consumption can be boosted only if the shops will keep for the shelf the same price without VAT, so that winning should not see only at the profits traders.

Evenimentul Zilei tells us that "The trappings of a differential VAT for food". Does not guarantee lower prices and producers argue that a better alternative would be the direct reduction of VAT at 9 per cent.

Back to Ziarul Financiar, where we read: "the Government resigns and announces a new agreement with the IMF." It is an attempt to calm the suspicions of foreign markets . The current power supports a new "tight up " instead of stabilizing the markets and, consequently, agrees with further austerity policies, criticized by now-considers Ziarul Financiar.

România Liberă writes about "the devastating effect of the national currency collapse". Telephone bills and higher rates on loans is just the tip of iceberg. The magnitude is much higher. State, as Romanian people has contracts in Euros.

And yet we find good news in Adevărul : "the Chinese are investing a billion dollars in Rovinari, Gorj-". One of the largest companies of China won the bid to build the 500 megawatt power group in Gorj county. There will be created 500 jobs plus others in related activities in one of the most deprived areas in the country.

On the front page in Jurnalul Național "Basescu has ready luxury villa that will not live in . He took million from the budget for the construction of the Villa Dante as a personal residence. A luxury blatantly ...the newspaper bolsters . "

Adevărul writes about the same topic, that we have to do with "Diversions USL-Antena 3. TV station did a marathon broadcast from so-called "Băsescu's Villa. RA-APPS says that there is no request from Basescu to move in that villa at the end of the presidential term.

România Liberă accuses Premier Ponta of duplicity. While they criticize businessmen around Traian Băsescu, his relatives sign contracts with them. What famous group company of Golden Blitz had been completed, it can be read in the newspaper.

In Evenimentul Zilei we can read an interview with the President suspended, Traian Băsescu. He says that USL would have the ability to steal two million votes on referendum and further bolster the boycott as a way to combat fraud.

Translated by

Denisse-Meda Bucura

MTTLC, Bucharest University