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
Fund backed by private sector to support cultural organizations in Romania starting next year

The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]

EC refers Romania to EU Court of Justice over failures in air quality monitoring

The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]

Bucharest Appeal Court leadership rejects media investigation, but judge says “toxic” conditions are real

The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]

Romania’s Superior Council of Magistracy claims judiciary is targeted by destabilization campaign after media investigation

Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]

MedLife hits EUR 1 billion valuation on Bucharest Stock Exchange

MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]

American scientists study extreme microbial life in Romania’s Buzău Land UNESCO Geopark

The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]