Ascultă Radio România Actualitaţi Live

Ministry for European funds established "in autumn"

President Traian Băsescu said in a television interview that immediately after the Parliament session in the autumn a ministry for European funds led by "a person credible in Brussels" would be established.

Ministry for European funds established "in autumn"
Romanian President Traian Băsescu. Photograph: Presidential administration archive/Sorin Lupşa.

Articol de Roman Muşat, 27 Iulie 2011, 10:48

"A ministry for European funds will be set up immediately after the Parliament session in
the autumn", President Traian Băsescu said.

Invited at TVR (Romanian Television), he said he had agreed with Emil Boc on the owner of the portfolio, who must be a person credible in Brussels.

The president made reference to the failed attempt to sell the package of 9.84 percent OMV Petrom shares, adding that the decision not to sell below the established price was correct.

Traian Băsescu also referred to the need to reform the Ministries of Finance, of Internal Affairs and of Health and the fact that the border control operations would continue in order to reduce smuggling.

Referring to the talks with IMF delegation, the President said that accessing funds available through the new agreement with international organizations would be made only in special situations.

"We do not know what will happen on the markets after 2011. You know that the largest economy in the world, the United States of America, has serious financial problems. So I will not sail close to the wind; this is why I made this agreement - to rest assure that we have 3.5 billion from the IMF and 1.5 billion from the European Union.

"I hope to put an end to the agreement, there will be no need to access this money, if we continue the programmes, the reform of companies", Traian Băsescu said.

Translated by: Denisse-Meda Bucura
MA Student, MTTLC, Bucharest University

Capital budget approved by the General Council
News in English 04 Aprilie 2025, 15:49

Capital budget approved by the General Council

The capital's budget for this year was approved on Thursday evening by the General Council of Bucharest. Amendments...

Capital budget approved by the General Council
Stock markets reacted negatively to the tariffs announced by Trump
News in English 04 Aprilie 2025, 15:49

Stock markets reacted negatively to the tariffs announced by Trump

Stock markets around the world fell sharply in reaction to the global trade tariffs announced by US President Donald Trump....

Stock markets reacted negatively to the tariffs announced by Trump
Tourists could stay at mountain rescue bases in Vrancea county
News in English 04 Aprilie 2025, 15:47

Tourists could stay at mountain rescue bases in Vrancea county

The mountain rescue bases in Vrancea county could be introduced into the tourist circuit, say local authorities, especially...

Tourists could stay at mountain rescue bases in Vrancea county
Diplomacy and international relations for 8th graders
News in English 03 Aprilie 2025, 17:33

Diplomacy and international relations for 8th graders

Hundreds of eighth graders, high school and college students spent two days learning about diplomacy and international...

Diplomacy and international relations for 8th graders
The presidential election campaign starts on Friday
News in English 03 Aprilie 2025, 17:33

The presidential election campaign starts on Friday

There are only a few hours to go before the official start of the electoral campaign for next month's presidential...

The presidential election campaign starts on Friday
Parliament's weekly agenda
News in English 31 Martie 2025, 15:34

Parliament's weekly agenda

The legislative proposal on tougher penalties for drivers who get behind the wheel after taking drugs will go before senators...

Parliament's weekly agenda
INFOMama app, health information and services for pregnant women and mothers
News in English 31 Martie 2025, 15:33

INFOMama app, health information and services for pregnant women and mothers

The organization "Save the Children" Romania launches on Tuesday, at the Senate, the mobile application INFOMama,...

INFOMama app, health information and services for pregnant women and mothers
Opening ceremony of the multinational exercise "Sea Shield" in Constanta
News in English 31 Martie 2025, 15:33

Opening ceremony of the multinational exercise "Sea Shield" in Constanta

"Sea Shield 25" includes combat sequences that will test the coordination and response capabilities of the...

Opening ceremony of the multinational exercise "Sea Shield" in Constanta