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December 5, 2022 UPDATE

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Newsflash

, 05.12.2022, 19:15

Summit — President Klaus Iohannis will participate, on Tuesday, in the EU – Western Balkans Summit, which will take place in Tirana, Albania. According to the Presidential Administration, the Summit in Tirana is the first event of the kind organized in a capital in the region, a fact that reconfirms the European commitment in relation to the states in the Western Balkans. On this occasion, the head of state will reiterate the availability of continued support for concrete efforts and actions to integrate the countries of the region into the European Union. At the same time, Klaus Iohannis will point out the aspects related to the need to strengthen the resilience of partners, as well as to the European support in sectors such as energy, digital transformation, cyber security and migration management. On the occasion of the Summit, the Tirana Declaration will be adopted, which reflects the support of the Union and of the member states towards the European perspective of the Western Balkans.



Budget — Romanias draft state budget and social insurance budget for 2023 will be posted on the website of the Finance Ministry on Tuesday for transparency reasons, and they will be on the agenda of the government meeting on Thursday. The ruling coalition proposes that the two draft laws should pass the Parliaments vote before the winter holidays. It will be the first time that the budget will be built on economic and social programs and also the first time that the amount allocated to Defense will be 2.5% of the GDP. It is believed that the budget built around programs will allow better monitoring of expenses, of the degree of implementation and of the real impact in the economy.



Bribe – The Romanian Parliament decided, on Monday, to dismiss Niculae Bădălău from the position of vice-president of the Court of Accounts, after the former Social Democratic MP was arrested on charges of bribery. There were 308 votes in favor and one abstention. The Social Democratic Party – PSD, which requested the dismissal, pointed out that keeping Niculae Bădălău in office would seriously affect the institutions credibility. The opposition equally demanded the initiation of the dismissal procedure. A week ago, the Bucharest Court of Appeal decided that former PSD senator Niculae Bădălău be arrested, for a period of 30 days, for bribery and influence peddling, in a case in which he is accused of offering bribe worth 170,000 Euros to a mayor from Giurgiu (south), in exchange for the granting of public works contracts.



Gaudeamus — The 29th edition of the Gaudeamus Radio Romania Book Fair opens on Wednesday at the Romexpo Compound in Bucharest. The event thus returns, after the pandemic, to the format that made it famous for over a quarter of a century as a solid landmark of the book market in Romania. 200 participants will offer the public an extremely varied range of editorial products, on different supports, suitable for all ages and fields of interest, music and educational games. The fairs honorary president will be the poet Ana Blandiana.



Sanctions — New economic sanctions applied to Russia by the European Union and the G7 group have come into force. They consist in capping the price at which Russia exports oil and in the European embargo on Russian oil imported by sea. The measures are meant to reduce Russias incomes, which it uses to finance its war machine. Although some experts fear a destabilization of the world market, Brussels decision includes a reserve margin, so that Moscow should not be forced to stop its exports. Capping is rejected by Russia, which claims that it will only sell oil to those countries that do not cap its price. In Bucharest, the energy minister Virgil Popescu gave assurances that the embargo on Russian crude oil will not affect Romania, given that the oil companies in our country have found alternative resources. He pointed out that, as of last week, the domestic oil companies and refineries had started processing only non-Russian crude oil. For his part, the general director of the TRANSGAZ company, Ioan Sterian, emphasized that there are no reasons to fear that Romania will run out of gas this winter.



Hospitality – Romanians spending at restaurants, cafes, pubs or fast-foods this year could be more than 30% higher than in 2021, exceeding 7.5 billion Euros, which is an absolute record for the food service industry, shows a study co-financed by the actors in the field and launched by the Hospitality Culture Institute. Practically, foodservice is becoming the most attractive sector for investments, which is also faced with two big problems: poor digitization and lack of staff, Florin Maxim, founder of the organization, said. According to the cited source, 9% of Romanians who go out spend more than 100 lei (20 Euros) per person on a restaurant meal, a figure that is growing significantly. This year too, even if the anti-pandemic restrictions on the operation of the hospitality industry units were removed, the food delivery sector retained its supremacy. (LS)

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