Preparations for the Presidential Elections UnderwayPresident Traian Basiscu's term of office ends on December 21, 2014Bucharest, Romania
- With the Presidential elections to be held this year, informal party preparations have begun in early March, with various candidates traveling around the country, holding party rallies, trying to garner support to be named the official party candidate.
Currently, the only official party candidate is Crin Antonescu, candidate of the National Liberal Party (PNL). Mr Antonescu has been also named by political pundits as the future President of Romania, due to his rising popularity - it is estimated that around 45% of the Romanian population support him.
It is believed that the most serious opponent of Mr. Antonescu will be Mircea Geoana of the Social Democratic Party, who ran against President Basescu in 2009 and gathered 49.7% of votes.
Current President, Traian Basescu, is barred from running for the third mandate by the Constitution, however he has expressed his support for Mr. Antonescu, saying that "a strong centre-right politician is what Romania needs in these difficult times."Romanian Aircraft Corporation Officially FormedBucharest, Romania
- A joint announcement by the representatives of the three Romanian aeronautical companies has confirmed that Avioane Craiova, IAR Brasov and Aerostar have reached an agreement and that these companies are to merge in early April.
The Headquarters of the new company, Romanian Aircraft Corporation, is to be in Bucharest, in a building which will be specially built for the company.
The company will also be listed on the Bucharest Stock Exchange at the starting price of RON 50.