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RADOR: News from Romania, 97-02-18
February 18, 1997
CONTENTS
[01] The Romanian prime-minister presented the Governmnet's reform
programme
[02] The International Monetary Fund will grant a credit worth more than 1
billion dollars to Romania
[03] Accord on the protection and exchange of military secrets between
Romania and Hungary
[04] Railway transport fees in Romania will double
[05] Gerard Depardieu will accompany president Jacques Chirac of France in
his official visit to Bucharest
[06] Weather in Romania
[07] Currency Rates
[01] The Romanian prime-minister presented the Government's reform
programme
The Romanian prime-minister, Victor Ciorbea, presented on Monday in
Bucharest the Government's reform programme and the afferent social
protection measures. The measures have already been endorsed by the
Government of Romania together with the loan accords negociated with the
International Monetary Fund and the World Bank, designed to the adjustment
of industry and agriculture. RRI-RADOR, February 18
[02] The International Monetary Fund will grant a credit worth more than 1
billion dollars to Romania
The International Monetary Fund will grant a credit worth more than 1
billion dollars to Romania, said on Monday Paul Thomsen, chief negotiator
of the International Monetary Fund, after his meeting with the Romanian
president, Emil Constantinescu. Mr Thomsen characterized the reform
proposed by the Ciorbea cabinet as "very good and very ambitious". The
credit granted by the International Monetary Fund will pursue the
implementation of macrostability in Romania and will lead, on a short term
basis, to the curbing of inflation and the healing of the financial system.
In his turn, the Romanian president declared: "In this very moment, Romania
either implements the reform, or collapses". Mr Constantinescu expressed
his belief that in spite of the high social costs, the positive results
will emerge in one year, at the latest. For the first time after 50 years
the Romanians will pay a price which will have a meaning, president
Constantinescu said. RRI-RADOR, February 18
[03] Accord on the protection and exchange of military secrets between
Romania and Hungary
An accord on the protection and exchange of military secrets between
Romania and Hungary was signed in the Hungarian town Debrecen. This
intergovernmental accord was signed by the Hungarian defence minister,
Gyorgy Keleti and his Romanian counterpart, Victor Babiuc. The Hungarian
minister assessed that this accord is a pre-condition for the expansion of
military cooperation in the field of the defence industry. RRI-RADOR,
February 18
[04] Railway transport fees in Romania will double
Starting on Monday, railway transport fees will double and freight
transportation will go up by 80 per cent, announced the Romanian transport
minister, Traian Basescu. He also added that fees for public transportation
should have gone up 3.5 times to cover the losses suffered by the Romanian
Railway Company. Instead, it has been decided to only double prices in
order to partially cover for the losses. Romanian officials say the rise of
the prices is caused not only by the evolution of the exchange rate, but
also by the losses in the activity of the Romanian Railway Company. One of
the measures for covering the losses is to cancel the unprofitable trains.
RRI- RADOR, February 18
[05] Gerard Depardieu will accompany president Jacques Chirac of France in
his official vistit to Bucharest
The famous French actor, Gerard Depardieu, will accompany president Jacques
Chirac of France in his official visit to Bucharest, on February 21st and
22nd. In honour of the visit of the French president to Romania, the
Bucharest City Hall has decided to give the former Pilots Square in
Bucharest the name of Charles de Gaulle. Jacques Chirac is a proeminent
continuator of the political line of general Charles de Gaulle. RRI-RADOR,
February 18
[06] Weather in Romania
The weather will be cool in most regions of the countries, especially in
the morning. The temperatures will range between -14 and +3 degrees
Celsius. In Bucharest, where this morning there were -5 degrees, the sky
will be partly cloudy, with a high of 1 degree above zero. RADOR, February
18
[07] Currency Rates
1 USD = 7,024 lei; 1 DEM = 4,178 lei; 1 CHF = 4,812 lei; 1 FRF = 1,236 lei;
1 GBP = 11,403 lei; 1 ECU = 8,104 lei. RADOR, February 18
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