Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. New polemics between the Finance Minister and Liberal...

New polemics between the Finance Minister and Liberal senator Citu. PNL MP, about the debt paid with EU funds: My colleagues in the EP will ask for the check of the procedures

November 5, 2018

The National Liberal Party (PNL) Senator Florin Citu stated that the PNL MEPs will ask in the European Parliament (EP) a check on the way in which the procedures on the European Investment Bank (EIB) and European Bank of Reconstruction and Development (EBRD) loans that were paid with EU funds were observed, mentioning that it’s a good thing that the action was confirmed by Eugen Teodorovici. “It’s a good thing that the Finance Minister confirmed. We will find out the rest of the details after my colleagues in the European Parliament will ask for a check of the way in which procedures were observed. Greece also seemed to have observed the procedures, and later it was revealed that they lied. In this case, too, I expect to find out that the budget deficit was adjusted by the transfer to the European Union of the payment of the tranches of EUR 1.2 billion in 2017, and EUR 1.4 billion in 2018, from the budget to the EU funds”, Florin Citu stated on Sunday for MEDIAFAX. The Liberal added that the Finance Minister Eugen Teodorovici “doesn’t recognize documents signed by him and sent to the EC”. “His credibility is zero. There is also another problem. If it turns out they did this illegally, who will pay the penalties? Liviu Dragnea?”, Citu also stressed. Eugen Teodorovici confirmed on Facebook that the external debt was paid with European funds, with the consent of the European Commission (EC), four years ago, adding that he is willing to provide additional explanations on this issue. His reaction comes after Florin Citu wrote on Sunday morning on the social network that the PSD-ALDE Government hided that they paid the external debt with EU funds. “The political world has nothing to do anymore with reality or professionalism of those who think they understand the finances or the economics overnight. It is both amusing and aberrant to see how measures that were taken at a certain moment by the Romanian Government, with the consent of the European Commission, indeed, (but not with a single Commissioner of the regional policy!), and not only by Romania, measures that led to the greatest progress in using EU funds starting with 2013, are presented today by politicians who are rather ignorant, not to say malicious, as lies or stunts”, Eugen Teodorovici wrote on Facebook on Sunday evening. The Finance Minister pointed out that either these measures are related to the continuation of financing the projects that weren’t ended in a single financial cycle, or to the settlement from EU funds of some important projects financed from national funds or funds attracted from various financial institutions (including EIB and EBRD), which are the so-called retrospective projects, such measures were taken by fully complying with the European regulations.

Read in full - click here
Romania's Defense Council endorses new national strategy and subsequent documents

The final version of Romania's national defence strategy 2025-2030, as amended following the public consultations and approved by the members of the Supreme National Defence Council (CSAT), is to be presented by president Nicusor Dan in Parliament, where it will be debated and voted on by lawmakers. The Romanian state must be prepared to manage […]

Romania aims to become second military power on NATO eastern flank, defense minister says

Romania aims, through its new National Defense Strategy, to become the second military power on the eastern flank and a defense provider in the Black Sea region, according to defense minister Ionuț Moșteanu. The new National Defense Strategy is a paradigm shift, the minister said. “A fundamentally different point of view is that we are […]

5 to go coffee chain proposes holiday destinations based on consumption profile

The 5 to go coffee chain, including over 650 units nationwide, is expanding its service portfolio through a partnership with Fibula Air Travel tour operator, for which it will distribute tourist packages, Ziarul Financiar reported. Fibula Air Travel has a significant presence in the markets...

France's Groupe Atlantic to open boiler factory in Romania after EUR 50 mln investment

The French group Groupe Atlantic is set to inaugurate the factory in Ariceştii Rahtivani, Prahova County, in the coming weeks, a greenfield investment of over EUR 50 million, announced Ziarul Financiar. So far, about EUR 40 million has been invested, and the remaining EUR 10 million is planned by the end...

Fondul Proprietatea proposes EUR 500 mln IPO at Bucharest Airports to finance new terminal

Fondul Proprietatea (FP), as a minority shareholder (20%) at Bucharest Airports Company (CAB), proposed that the company could issue, under an IPO at Bucharest Exchange (BVB), a number of shares equal to half of its current shares, to finance the construction of a new terminal. The operation would preserve the state's majority position and generate […]

Dacia Sandero returns as Europe’s best-selling car in October

Sales of the Dacia Sandero model were the highest in Europe in October, although the volume was slightly lower than a year ago. The Romanian model managed to surpass its main rivals, the Clio and the T-Roc, according to Profit.ro. The Sandero is mainly built in Morocco, where...