NoC164/30 OfficialJournaloftheEuropeanCommunities 1.7.92
'Otherproductsofanimaloriginnotcoveredby
AnnexAtothisDirectiveorbyAnnexesAorB-Bto
Directive90/425/EEC(1).Theproductsshallbe
definedbytheCommission .7.Article16isreplacedbythefollowing :
'Article16
1.MemberStatesshallsubmittotheCommission ,
inharmonizedform,basicinformationonveterinary
checkscarriedoutinlinewiththisDirective .
2.TheCommissionshallexaminetheinformation
referredtoinparagraph 1withintheStanding
VeterinaryCommitteeandmay,inaccordancewith
theprocedurelaiddowninArticle18,adoptsuitable
measures .
3.Detailedrulesfortheapplicationofthis
Article,inparticularonfrequencyofcommunication
ofinformation,theforminwhichitistobegiven
anditsnatureshallbedrawnupinaccordancewith
theprocedurelaiddowninArticle18.';
8.Article19(1)isdeleted;
9.Articles20and21aredeleted;
10.thefollowingsubparagraph isaddedtoAnnexB:(l)OJNoL224,18.8.1990,p.29.'
Article2
MemberStatesshallbringintoforcethelaws,regu­
lationsandadministrativeprovisionsnecessarytocomply
withthisDirectiveby1July1992andshallforthwith
informtheCommissionthereof.
WhenMemberStatesadopttheseprovisions,theseshall
containareferencetothisDirectiveorshallbeaccom­
paniedbysuchreferenceatthetimeoftheirofficial
publication .Theprocedureforsuchreferenceshallbe
adoptedbyMemberStates.
Article3
ThisDirectiveisaddressedtotheMemberStates.
ProposalforaCouncilDecisionprovidingfurthermedium-termfinancialassistancefor
Romania
(92/C164/14)
SEC(92)1080final
(SubmittedbytheCommissionon3June1992)
Whereasthefinancialsupportofthereformsfromthe
Communitywillstrengthenmutualconfidenceandbring
RomaniaclosertotheCommunity ;
WhereasRomaniaandtheCommunityhaveenteredinto
negotiationsfortheconclusionofEuropeanagreements
establishingarelationshipofassociation;
Whereas,byDecision91/384/EEC('),theCouncil
decidedtograntRomaniamedium-term financial
assistanceofamaximumamountofECU375million,
withaviewtoensuringasustainablebalance­
of-paymentssituationinthatcountry;
Whereas,however,despitetheRomaniagovernment's
courageousimplementation ofadjustmentmeasuresand
structuralreforms,thestabilizationphaseofthe
Romanianeconomyisstillunderwayandwhereas
additionalofficialsupportisrequiredinordertoensureTHECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,andinparticularArticle235
thereof,
HavingregardtotheproposaloftheCommission
submittedfollowingconsultationwiththeMonetary
Committee ,
HavingregardtotheopinionoftheEuropean
Parliament,
WhereasRomaniaisundertakingfundamentalpolitical
andeconomicreformsandhasdecidedtoadopta
marketeconomymodel;
Whereasthesaidreformsareunderimplementation with
financialsupportfromtheCommunityandwhereasthe
reformprocessneedtobeconsolidatedandbroadened;OOJNoL208,30.7.1991,p.64.

1.7.92 OfficialJournaloftheEuropeanCommunities NoC164/31
thesustainabilityofthebalanceofpaymentsandthe
strengtheningofthereserveposition;Community,thenecessaryresourcesthatwillbeplaced
atthedisposalofRomaniaintheformofaloan.
3.ThisloanwillbemanagedbytheCommissionin
fullconsultationwiththeMonetaryCommitteeandina
mannerconsistentwithanyagreementreachedbetween
theIMFandRomania .WhereastheRomanianauthoritieshaverequested
financialassistancefromtheInternationalMonetary
Fund(IMF),theGroupof24industrialcountriesand
theEuropeanCommunity,andwhereas,overandabove
theestimatedfinancingwhichcouldbeprovidedbythe
IMFandtheWorldBankandthecarryoveroffinancial
assistanceprovidedbytheGroupof24industrial
countriesfor1991,aresidualfinancialgapofsomeUS$
180millionremainstobecoveredin1992,inorderto
avoidanadditionaldegreeofimportcompressionwhich
couldseriouslyjeopardizetheachievementofthepolicy
objectivesunderlyingthegovernment'sreformeffort;Article2
1.TheCommission isempoweredtonegotiatewith
theRomanianauthorities,afterconsultationwiththe
MonetaryCommittee,theeconomicpolicyconditions
attachedtotheloan.Theseconditionsshallbeconsistent
withtheagreementsreferredtointhethirdparagraphof
Article1andwitharrangementsmadebytheGroupof
24industrialcountries .WhereastheCommission ascoordinatorofassistance
fromtheGroupof24industrialcountrieshasinvited
themtoprovidemedium-term financialassistanceto
Romania;2.TheCommissionshallverifyatregularintervals,in
collaborationwiththeMonetaryCommitteeandinclose
coordinationwiththeGroupof24industrialcountries
andtheIMF,thattheeconomicpolicyinRomaniaisin
accordancewiththeobjectivesofthisloanandthatits
conditionsarebeingfulfilled.WhereasthegrantbytheCommunityofamedium-term
loantoRomaniaisanappropriatemeasuretosupport
thebalanceofpaymentsandtostrengthenthecountry's
reserveposition;
Article3
1.SubjecttotheprovisionsofArticle2(2),theloan
shallbemadeavailabletoRomaniainoneinstalmenton
thebasisofasatisfactorytrackrecordintheimplemen­
tationofthe'stand-byarrangement'tobeagreed
betweenRomaniaandtheIMF.
2.ThefundsshallbepaidtotheNationalBankof
Romania .Whereasthequestionoftherisksassociatedwith
guaranteesfromthegeneralbudgetoftheEuropean
Communities willbeexaminedinthecontextofthe
renewalin1992oftheInterinstitutional Agreementon
budgetarydisciplineandimprovementofthebudgetary
procedure;
WhereastheCommunityloanshouldbemanagedbythe
Commission ;
WhereastheTreatydoesnotprovide,fortheadoption
ofthisDecision,powersotherthanthoseofArticle235,
HASDECIDEDASFOLLOWS :Article4
1.Theborrowingandlendingoperationsreferredto
inArticle1shallbecarriedoutusingthesamevaluedate
andmustnotinvolvetheCommunityinthetransform­
ationofmaturities,inanyexchangeorinterest-raterisk,
orinanyothercommercialrisk.
2.TheCommissionshalltakethenecessarysteps,if
Romaniasodecides,toincludeintheloanconditions,
andalsotoexercise,anearlyrepaymentclause.
3.AttherequestofRomania,andifcircumstances
permitanimprovementintheinterestrateontheloans,
theCommissionmayrefinanceallorpartofitsinitial
borrowingsorrestructurethecorresponding financial
conditions .Refinancingorrestructuringoperationsshall
becarriedoutinaccordancewiththeconditionssetout
inparagraph 1andshallnothavetheeffectofextending
theaveragedurationoftheborrowingconcernedorArticle1
1.TheCommunityshallgranttoRomaniaa
medium-termloanfacilityofamaximumamountof
ECU80millioninprincipal,withamaximumduration
ofsevenyears,withaviewtoensuringasustainable
balance-of-payments situationandstrengthening the
reserveposition.
2.TothisendtheCommission isempoweredto
borrow,onbehalfoftheEuropeanEconomic

NoC164/32 OfficialJournaloftheEuropeanCommunities 1.7.92
increasingtheamount,expressedatthecurrentexchange
rate,ofcapitaloutstandingatthedateoftherefinancing
orrestructuring .5.TheMonetaryCommitteeshallbekeptinformed
ofdevelopments intheoperationsreferredtoinpara­
graphs2and3atleastonceayear.
Article5
AtleastonceayeartheCommissionshalladdresstothe
EuropeanParliamentandtotheCouncilareport,which
willincludeanevaluationontheimplementation ofthis
Decision .4.AllrelatedcostsincurredbytheCommunityin
concludingandcarryingouttheoperationunderthis
DecisionshallbebornebyRomania.
ProposalforaCouncilDecisionprovidingfurthermedium-termfinancialassistanceforBulgaria
(92/C164/15)
SEC(92)1081final
(SubmittedbytheCommissionon3June1992)
THECOUNCILOFTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,andinparticularArticle235
thereof,
HavingregardtotheproposaloftheCommission
submittedfollowingconsultationwiththeMonetary
Committee,
HavingregardtotheopinionoftheEuropean
Parliament,
WhereasBulgariaisundertakingfundamentalpolitical
andeconomicreformsandhasdecidedtoadopta
marketeconomymodel;
Whereasthesaidreformsareunderimplementation with
financialsupportfromtheCommunityandwhereasthe
reformprocessneedstobeconsolidatedandbroadened;
Whereasthefinancialsupportofthereformsfromthe
Communitywillstrengthenmutualconfidenceandbring
BulgariaclosertotheCommunity ;
WhereasBulgariaandtheCommunityhaveenteredinto
negotiationsfortheconclusionofEuropeanagreements
establishingarelationshipofassociation;
Whereas,byDecision91/311/EEC(*),theCouncil
decidedtograntBulgariamedium-term financial
assistanceofamaximumamount,ofECU290million,
withaviewtoensuringasustainablebalanceof
paymentssituationinthatcountry;Whereas,however,despitetheBulgariagovernment's
courageousimplementation ofadjustmentmeasuresand
structuralreforms,thestabilizationphaseofthe
Bulgarianeconomyisstillunderwayandwhereas
additionalofficialsupportisrequiredinordertoensure
thesustainabilityofthebalanceofpaymentsandthe
strengtheningofthereserveposition;
WhereastheBulgarianauthoritieshaverequested
financialassistancefromtheInternationalMonetary
Fund(IMF),theGroupof24industrialcountriesand
theEuropeanCommunity,andwhereas,overandabove
theestimatedfinancingwhichcouldbeprovidedbythe
IMFandtheWorldBankandthecarryoveroffinancial
assistanceprovidedbytheGroupof24industrial
countriesfor1991,aresidualfinancialgapofsomeUS$
240millionremainstobecoveredin1992,inorderto
strengthenBulgaria'sreservepositionandtoavoidan
additionaldegreeofimportcompressionwhichcould
seriously wjeopardizetheachievementofthepolicy
objectivesunderlyingthegovernment'sreformeffort;
WhereasthesuccessofthereformprocessinBulgaria
willdependcruciallyonthesolutionoftheacutedebt
problemwhichthecountryisfacingandwhereasthe
Community'sfinancialassistanceshouldbeconditional
upondecisiveprogresstowardsacomprehensive
medium-term restructuring arrangement between
Bulgariaanditscommercialbankcreditors;
WhereastheCommission ascoordinatorofassistance
fromtheGroupof24industrialcountrieshasinvited
themtoprovidemedium-term financialassistanceto
Bulgaria;
WhereasthegrantbytheCommunityofamedium-term
loantoBulgariaisanappropriatemeasuretosupportthe
balanceofpaymentsandtostrengthenthecountry's
reserveposition; (')OJNoL174,3.7.1991,p.36.