Financial Press Review, 10 June

The Ziarul Financiar talks of an ‘unpleasant surprise’: ‘Exports pushed the brake in April: -17 percent’.

A plausible explanation is the slower dynamic of supply and demand of output in the Euro zone, our main trade partner, and the appreciation of the RON, which diminishes export competitiveness’, the daily reads.

Imports have decreased as well, but at a much slower rate.

As a consequence, the commercial deficit deepened in April to around 900 million Euro, ‘after four months of correction’, the daily reads.

Industrial output (closely related to exports) has slowed down its expansion rate by 6.3 percent in April, retail has had a similar evolution.

New negative data might cause a lower GDP in the second quarter than in the first, an analyst quoted by the Ziarul Financiar estimates.

The same daily prints an article that reads: ‘Massive emigration is going to be brutally felt when economic growth is again supported and there is a staff deficit’.

‘It is alarming that most Romanians do not want to come back home’, the daily quotes presidential adviser for European affairs and former European commissary Leonard Orban.

An article in the Bursa talks about the doctor exodus and proposals to stop it under the headline ‘Private medical care market could increase by 15 percent this year, totaling 500 million euro’.

EU states with a doctor deficit find staff in peripheral countries, such as Romania. For example, specialists in anesthetics or intensive care. ‘As a result, in two or three years our doctors from the ICU might not speak Romania’.

Authorities might encourage doctors to stay by reducing taxes, as in the case of IT specialists, the Regina Maria medical care company suggests, the Bursa reads.

An article in the Curierul Naţional addresses the ideas from yesterday’s conference on ‘Healthcare reform - investigated’. Its headline reads: ‘State only pretends to subsidize private healthcare system’.

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