Monday headlines: VAT hike, bicycles to outsell cars, new IMF money on July 1st; international media about Romania
Romanian media
Romanian capitalists, unite!You have to hang in there- in Ziarul Financiar
Business people: The VAT increase in a nonsense leading to a “save yourselves if you can” situation – in Ziarul Financiar
VAT hike to deepen economic decline - in Ziarul Financiar
Tarom remains in the red - in Ziarul Financiar
Bicycles could outsell cars three to one in 2010 - in Ziarul Financiar
Real and Mega Image bring another EUR 60 million for expansion - in Ziarul Financiar
Metro card can be bought by telephone through Orange – in Gandul
Romanians' overdue debts reach EUR 3 billion – in Gandul
Ford would like to produce 1,000 cars a day at Craiova, but it can't deliver because of the infrastructure – in Adevarul
Sebastian Vladescu: Taxing all revenues – an absolute necessity in Romania – on Hotnews.ro
Vladescu: We will receive the IMF installment on July 1st of 2nd – on Dailybusiness.ro
Dan Diaconescu freed from police arrest – on Wall-street.ro
International media
Romania to raise VAT to 24 percent – in the Financial Times
Romania plans big VAT rise to secure bail-out funds - on BBC
Romania Awaits IMF Loan Review as Government Raises VAT to Plug Budge Hole - on Bloomberg
Romania to raise VAT to 24 pct to curb deficit: PM - on France24 - via AFP
Romanian Government raises VAT - on Euronews
Greece set to return to finance markets - in the Financial Times
G20 backs drive for crackdown on banks - in the Financial Times
Emerging markets set pace for debt issuance - in the Financial Times
Air China to buy 20 Boeing planes for $1.4 billion - on Reuters
G20 summit: leaders agree to halve deficits by 2013 - on Telegraph.co.uk
Asia Emerging Market Currencies Strengthen Against Dollar, Yen - on BusinessWeek
Israeli Company Buys US Maker of Herbicide - in the New York Times