Romania’s National Central Bank governor Mugur Isarescu does not endorse a price freeze for petrol and gasoline even though the measure will benefit Romanian drivers. Vasile Blaga fears that if re-elected, incumbent Boc will crash the party in surveys. Romania is pressured to reopen the program for adoptions by foreign citizens. Almost half of the seaside resorts in Romania are a wreck. Theater festivals at Sibiu, Central Romania and at Timisoara, West Romania start.
Gandul reads on Friday that the possible decision of the Romanian government to freeze prices for petrol and gasoline does not breach any EU competition policy a EU official said. Nonetheless, the National Central Bank governor Mugur Isarescu opposes the measure even though in the short term it would benefit Romanian drivers.
His explanation is that after the measure will be eliminated the economic consequences will be even more serious with very high prices and risks of having investors withdraw from Romania. If the government will decide to limit prices for a period of time, oil companies will thereafter increase their prices to recover their previous losses.
Any state intervention in the market is a bad sign for investors and there are chances that oil companies might relocate their investments in other countries, in a favorable economic climate. The governor said that the price of fuel will not increase significantly this year but the advance will be felt in the inflation with a percentage point.
Evenimentul Zilei reads that Vasile Blaga, the main counter candidate against incumbent PDL president Emil Boc fears that Emil Boc will crash the party in surveys if re-elected. Blaga said that the party needs a new beginning like it was always the case, every 10 years.
He said that there are 20 branches that endorse him but each man will vote in se
