Dacian Ciolos (Romania): Agriculture – Barroso unveils new EU Commission line-up

European Commission President José Manuel Barroso unveiled the EU executive's new line-up on Friday (27 November), handing Finn Olli Rehn the key economic policy portfolio and giving Frenchman Michel Barnier a controversial role in overseeing regulation of the financial sector. Rehn takes over from Spaniard Joaquin Almunia, who will become competition commissioner in the 27-country bloc's executive. France's Michel Barnier was named internal market commissioner, with responsibility for financial services. The formation of the European Commission is the latest stage in the EU's efforts to maintain its influence on the world stage after the economic crisis. The 27-person teamexternal , which represents almost 500 million people, is likely to take office early next year. It will serve for five years, but first needs the European Parliament's approval. "In five years' time, I want this Commission to have been instrumental in leading Europe out of the economic crisis towards a competitive economy that provides sustainable growth," Barroso told a news conference. The nomination of the Commission,...
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Danes invest €45 mln in Romanian agriculture

JD Agro Cocora, a company with Danish capital, which administers over 3,000 hectares of farm land locally, invested more than €45 million in Romania in the past three years, in an agricultural complex located in Ialomi?a County, company officials said. Of the total amount, over €8.5 mln were used for the building and equipping of the location. The company is expected to administer 6,000 hectares in 2010, with plots of land located in three counties, namely Braila, Buzau, and Ialomita. Source: Business Standard via http://www.mirzon.eu/news/february-2009/13-november-2009-2.html...
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BNR keeps reference interest rate steady, at 8 pc

In its last session dedicated to monetary policy this year, the Board of Administrators for the National Bank of Romania (BNR) resolved to keep the monetary policy interest rate steady at 8 per cent and the RON and hard currency mandatory minimum reserve rates at 15 per cent and 30 per cent respectively. Also, the BNR Board of Administrators decided that banking sector liquidity should be managed in firm fashion with a view towards strengthening monetary policy signals. The members of the Association of Financial and Banking Analysts in Romania (AAFBR) foretold the decision by the BNR board to keep RON and foreign currency interest rates unchanged. However, 20 per cent of the respondents to a poll among AAFBR members opined that the central bank might cut the monetary policy interest rate down by 0.25 per cent. This year, the central bank cut monetary policy interest down 2.25, from 10.25 per cent. The decision means commercial banks have to keep loan...
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FDIs expected to amount to €5 bln in 2009

Foreign direct investments (FDI) totalled €9.5 billion last year, according to data provided by the National Bank of Romania (BNR). This figure was revised upward from the preliminary data in February, which estimated FDIs at €9.02 bln. Over half of last year’s investments (51.3 percent), namely €4.87 bln, were net participations in the share capital of Romanian companies. Also, the net credit received by companies from foreign direct investors, including from within the group, made up 48.7 percent of the net FDI flow, namely €4.62 bln. Investors targeted the manufacturing industry (31.3 percent of total FDIs), with metallurgy (6.9 percent) and the food, beverage, and tobacco industry (4.6 percent) as its most attractive segments. Significant amounts were invested in activities related to financial brokerage and insurance (20.5 percent of total FDIs), construction and real estate transactions (12.6 percent), trade (12.4 percent), and IT&C (6.7 percent). Due to the financial crisis, FDIs in Romania dropped sharply. Only €3.15 bln were invested in this country...
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Straight planting

New trends in the planting methods reveal higher benefits for soil preservation Direct planting, or “no tillage”, is a planting and fertilizing method involving the least possible movement of the soil at the moment of seed insertion, which is done through a small opening in the soil, which is then closed. In this way, the soil remains intact from planting until harvesting, leaving the residues from the previous harvest over the soil, which thus become organic fertilizers for the soil. This method not only allows preserving the soil structure, but also offers the following benefits: • Prevent the erosion and wash of the soil generated by the rain and wind, that normally lead to the loss of valuable organic mass – mulch – which, in this way is being increased • Less evaporation caused by the soil labour, with the consequence of saving water, allowing for early planting, higher productivity per ha., especially in places where the water is scarce • Less nitrogen lixiviation...
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