Romanian President demands Government to pay debts to private companies

Talks between Romanian President Traian Basescu and members of the Government on Tuesday focused on urgent „reform measures”, according to a Presidency announcement. The issues discussed included cutting public spending and the process of decentralisation. A press release of the Presidency shows that the head of state underlined the need that state debt to private companies be paid.

It also says that the president insisted on an urgent application of government decisions to overcome the crisis and on the need to improve investment and the absorption rate of EU funds as well as public procurement procedures.