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