After 60 Years,
The King Is Back
His Majesty King Mihai I
of Romania together with
the Royal Family came back....
officially to the Peles Castle,
after an absence of 60 years
and after more than a year
since the Romanian government
had returned him
his property. "The castle is
a symbol of our country's
independence and power",
the King said in his speech.
His Majesty added that the
castle gates would stay open
to Romanians "for eternity".
The King returned to his
royal estate in Sinaia on a
symbolical day: June 5, the
Holy Ascension of Christ
for Christians and Heroes'
Day for Romanians. Although
closed to visitors,
Peles Castle welcomed
the King's admirers in the
garden by the main entrance.
His Majesty greeted
the public there from the
balcony. He was given an
enthusiastic welcome by a
few hundred people who
sang and cheered on and on.

Cititi in editia tiparita...

Romania to have higher economic growth
Romania will have in 2008 an economic
growth above the 2007 level, and a raised agricultural
output can exert a positive impact upon infl ation and
the commercial defi cit, towards this year-end, BCR analysts
announced. "Despite pessimistic estimations of
foreign analysts and a slow down of economic growth
worldwide, including in the euro zone, Romania's
economic growth, of 8.2 percent in the fi rst quarter, is
seen as consolidating the fundamentals for a stronger
economic advance in 2008 compared to the previous
year. A raised agricultural production could also have
a positive impact upon infl ation and upon the commercial
defi cit; food products account for a big share in
the consumption basked used to calculate infl ation in
Romania and food price fl uctuations lead to a greater
infl ation volatility on a short-time horizon, Anghel
added. So that the economic growth is likely to attain 7
percent this year.

International Financial
Crisis Might Affect Positively
The international fi nancial crisis
might have a positive impact
on Romania by moderating the
pace of growth for both credits
and the current account defi cit,
Romania's National Bank governor
Mugur Isarescu has declared
for hotnews ro. He added
that, if the crisis continues, the
only risk would be that Romania's
economic growth would
moderate. Isarescu added that,
considering the gross domestic
product's advance by 8.2% the
economy might overheat since
the increase exceeds the resources
of the society. He said that the
economic growth was higher
than initially estimated but was
not surprising. Vice governor Eugen
Dijmarescu said that the economic
growth of the fi rst quarter seems
to be above the potential of the
gross domestic product and thus
the threat was real. He added
that due to this a decrease in
the interest rate of the monetary
policy is unlikely.
When it comes to the infl ation,
Isarescu declared that if there
are no supplementary pressures,
the infl ation might moderate at
around 6% by the end of the
year and it will enter a targeted
path by the end of 2009.