Romanian press review (Sept 5)

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New data referring to the continuation of the case Romania brought against Ukraine in The Hague, the annual meeting of the Romanian diplomacy and the requests made by Minister of Foreign Affairs Lazar Comanescu to the diplomats, the rejection by the Supreme Council of Magistrates (CSM) of the proposal made by Minister of Justice Catalin Predoiu to appoint Prosecutor Monica Serbanescu to the position of head of the National Anti-Corruption Directorate (DNA) are the main subjects approached by the Romanian dailies on Friday.
 
Romania's defenders in the International Court of Justice said in The Hague on Thursday that Ukraine did not have the right to the exclusive economic area around the Serpent Island as it was not inhabited. Kiev's claims must be limited to sharing with Romania the continental shelf and ignore the "cliff," reads daily Ziarul Financiar in the article titled "Ukraine Does Not Have Exclusive Right to the Resources around Serpent Island."
 
Yesterday, on the third day of the pleas made before the Court in The Hague, the Romanian side concentrated on demonstrating that the Serpent Island was a mere cliff and was not inhabited, as the Ukrainian side maintains. This is an extremely important aspect as it is this very thing that will determine the way the rights to exploit the Black Sea resources will be shared with Ukraine, resources that are now estimated at 100 billion cubic metres of natural gas and 100 million tonnes of crude oil.
 
Under the heading "Comanescu: Diplomats Must be "Trend Spotters" for Romanian Business" daily Business Standard reads that Minister of Foreign Affairs Lazar Comanescu said at the end of the annual meeting of the diplomacy that Romanian diplomats must be "activists in marketing" and "trend spotters" and that it was necessary to prove that the speculation connected to "a possible hard landing and overheating in Romanian economy is not grounded."
 
Moreover, the Minister added that one needed a "strategy on Romania's economic diplomacy" that should make possible a more appropriate representation of Romania's interests abroad. "Use force and power of conviction in presenting the arguments you acquired during the diplomacy meeting. Prove that the speculation connected to a possible hard landing and overheating in Romanian economy is not grounded," said Comanescu.
 
"Abortive Coup at Morar" is the title carried by newspaper Ziua, which informs that the prosecutor section of the Supreme Council of Magistrates on Thursday rejected by a vote of three to four the proposal made by Minister of Justice Catalin Predoiu to appoint Prosecutor Monica Serbanescu to the position of DNA head.
 
When the rejection of her candidacy was announced Predoiu confined himself to saying that "the solution found by CSM is not appropriate and is not in the long-term interest of DNA" and that he could not find an explanation for the rejection of Monica Serbanescu's candidacy. Monica Serbanescu was heard by the prosecutor section of CSM, before which she presented a management plan and answered the questions asked by the members. CSM approval is a consultative one.
 
Romania's General Prosecutor Codruta Kovesi said that she had voted against the appointment of Monica Serbanescu as the former did not meet the professional requirements to be DNA head and she was not convinced by the management project presented by Serbanescu. Kovesi also said that it seemed quite normal to her that the appointment of the DNA head should also consider the compatibility of her programme with the desiderata of Romania's General Prosecutor, who coordinates this structure of the Prosecutor's Office.
 
Under the title "President Accuses Government Again Because of Floods" daily Ziarul Financiar reads that President Traian Basescu on Thursday, at Radauti-Prut, Botosani County (north-eastern Romania), described as unrealistic the deadline of November 21 for rebuilding the houses destroyed by the floods, which occurred in July and August, and accused the Government of "mocking at people."
 
"The deadline of November 21 for rebuilding the houses does not seem realistic to me … Maximum involvement of the central administration is needed as it liked to have everything centralized and must work for the solution of this problem," said Basescu.Premier Calin Popescu-Tariceanu on Tuesday asked the Secretaries of State in charge of rebuilding the houses to go to the provinces after the Wednesday meeting of the Government in order to directly check the work and make a weekly report on the stage of the projects.
 
Romania might become a net exporter, informs Business Standard newspaper, which quotes the data of a report drawn up by the Romanian Commercial Bank (BCR).The BCR report appreciates that the increase in the share of investments in agriculture and industry can change the structure of the long-term economic growth, from consumption to positive net export. This can take place in parallel with the reduction of investments in services and trade.
 
The report starts from the examination of the structure of investments by activities of the national economy. Thus, one can notice an increase in the share of the investments made in agriculture (from 1.6% in the firs six months 2007 to 4.8% in the first 6 months of 2008) and in industry (from 35.4% in the first 6 months of 2007 to 36.3% in the first 6 months of 2008. In parallel there was a drop in the share of investments in trade and services.
 
The Law Commission of the Senate in Thursday adopted an amendment to Law 303/2004 by which the chief prosecutors working with DNA, the Directorate of Investigating Offences of Organized Crime and Terrorism and the Prosecutor's Office with the High Court of Cassation and Justice, with the approval of the prosecutor section of CSM, informs daily Ziarul Financiar under the title "Senate Deprives Basescu of Right to Appoint Chiefs of Prosecutors."
 
The application of the new regulations of the National Bank of Romania might bring about in 2009 a reduction of inflation, of the trade deficit but also of the economic growth, informs Adevarul newspaper in the article titled "Effects of New Credit Norms on Economy."
The above-mentioned newspaper says that the application of the new credit norms in early October will have an immediate effect on the population's incomes and on economy no sooner than next year.
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