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RADOR: News from Romania, 97-11-06
November 6, 1997
CONTENTS
[01] A Late Night Meeting
[02] Romanian Foreign Minister Adrian Severin Traveled to Strasbourg
[03] Economic Relations Between Moskow Region and the County of Bihor
[04] Romanian Finance Minstry: Talks on Global Income Tax
[05] Press Conference of Reform Minister Ulm Spineanu
[06] Weather in Romania
[07] Currency Rates
[01] A late night meeting
The Coordination Council of the governing coalition in Romania met
yesterday to analyse the current stage of economic reform, privatisation
and restrucutring. At a meeting last night on the same topic between
Romanian President Emil Constantinescu and leaders of the parties in the
coalition, an agreement was reached on the necessity of restructuring the
institutions involved in the reform and privatisation process, especially
by cutting down on their number, reducing bureaucracy and simplifying
procedures. The need for a government reshuffle to spur up the reform was
also discussed last night. The process of institutiNnal restructuring and
the reshuffle should be completed this month, and President Constantinescu
has proposed a new round of consultations with ruling and opposition
parties on November 10. RRI-RADOR, November 6
[02] Romanian Foreign Minister Adrian Severin traveled to Strasbourg
Romanian Foreign Minister Adrian Severin is attending the two-day session
of the Committee of Ministers in the Council of Europe. The session is
aimed at evaluating the results of the summit last month and discussing the
prospects of the action plan adopted on the occasion. Today, the Romanian
minister was to sign the European Convention on citizenship which was
adopted in May this year. The convention includes the ideas recently
emerged in internal and international law concerning citizenship and the
status of foreign nationals following the democratic changes in Central and
Eastern Europe after 1989. RRI-RADOR, November 6
[03] Economic relations between Moskow region and the county of Bihor
A meeting between rNpresentatives of the Moskow region and the those in the
Romanian county of Bihor took place in the town of Oreahovo-Ozuevo. The
meeting was aimed at setting up the Russian- Romnian House of Commerce. At
the end of the meeting, a cooperation agreement between the two regions was
signed by Russian share holding company "Targovyi Dom Partiorstvy" and the
Romanian firm "Serprod". RADOR, November 6
[04] Romanian Finance Ministry: talks on global income tax
On Wednesday, Romanian Finance Ministry officials started talks on the
draft law concerning the global income tax to be introduced on January 1,
1998. Participants included officials in the Finance Ministry and the
Ministry of Labour and Social Protection as well as trade unions' and
employers' representatives. Finance Minister Mircea Ciumara declared that
negotiations will be resumed next week, but, as far as the contents of the
draft law is concerned, "the people should know that taxes starting with
January 1998 will be similar to thNse in 1997; no additional taxes will be
introduced only their amount being adjusted". According to the finance
minister, the draft law is aimed at preventing tax evasion while small and
medium wage workers are to be protected. As far as the income tax is
concerned, trade unions, employers and Finance Ministry officials are
discussing ways of hiting a tax free salary of 650,000 lei per month while
the highest income tax should not exceed 45%. RADOR, November 6
[05] Press conference of Reform Minister Ulm Spineanu
On Wednesday, Romanian Reform Minister Ulm Spineanu invited the press to a
conference aimed at analysing the current stage of reform. He announced
that a legal framework was 'somehow' elaborated and the restructuring
process could be more accurate from now on. Another important idea was that,
for the time being, the restructuring will go hand in hand with the
privatisation. And more, the process will continue while trade unions-
employers consultations will be initiated. RADOR, November 6
[06] Weather in Romania
Weather in Romania is getting warmer and sunny in most of the regions.
Temperature will range from 2 centigrades in the morning to 12 centigrades
at noon. RADOR, November 6
[07] Currency rates
1 USD = 7,759 lei; 1 DEM = 4,492 lei; 1 CHF = 5,502 lei; 1 FRF = 1,341 lei;
1 GBP = 13,409 lei; 1 XEU = 8,867 lei. RADOR, November 6
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