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March 4, 2019 UPDATE

Amendments to emergency decree 114, Priorities of the Romanian presidency of the Council of the EU

March 4, 2019 UPDATE
March 4, 2019 UPDATE

, 04.03.2019, 19:54

Emergency decree – The emergency decree no. 114 includes a set of measures meant to boost economic development by raising the level of investments and by supporting projects directly benefiting the citizens — said Monday the PM Viorica Dancila in the plenum meeting of the Chamber of Deputies. She added that the decree would not be abrogated but it would be amended by the government. According to the PM, repealing the emergency decree would be tantamount to canceling the increase of incomes, investments and facilities. The PM was invited in Parliament by the Liberal opposition that contested the decree alongside the other opposition parties, the business environment and banks representatives. The controversial decree imposes new taxes in the banking, telecommunications and energy fields. Meanwhile, the Senate tacitly adopted during Monday’s plenum meeting, the draft law on the approval of emergency decree no. 114. In another development, the National Liberal Party announced they would file a simple motion against the finance minister Eugen Teodorovici, because emergency decree no. 114 will impact the Romanian economy and its consequences will be felt by all citizens.



EU Council — One of the priorities of the Romanian presidency of the Council of the EU is to develop the Union’s social dimension, by implementing the European pillar of social rights — said Monday the Romanian minister of Labor and Social Justice, Marius Budai, at the informal meeting of the Social Protection Committee. The event under way in Bucharest is being attended by as many as 90 EU experts. On the first day of the meeting, the European officials discussed ways to grant appropriate assistance to the most vulnerable people, minimum revenues to ensure a decent life that should allow access to social services and integration on the labor market. They also tackled ways to combat inequities and to promote active inclusion. On the second day of the meeting, the officials will debate, among other things, the results of implementing Europe 2020 Strategy and the OECD Report on financial incentives and savings schemes for retirement.



BRUA — The BRUA natural gas conveyance project is very important for southeastern Europe, and Romania is totally devoted to achieving this project, as works on its territory are going according to the plan, said Monday in Brussels the Romanian energy minister Anton Anton. According to him, this gas pipeline will allow interconnection with the gas networks of the neighboring countries and will thus ensure enhanced energy security in the region. Minister Anton said that by means of BRUA the authorities hoped to create a genuine regional energy market that will contribute to the strengthening of the European single market. The Romanian official on Monday participated in Brussels in a meeting with representatives from Austria, Bulgaria and Hungary on the development construction works of the BRUA gas pipeline that will connect Bulgaria to Romania to Hungary and to Austria.



OECD — Romania has received France’s support for accession to the Organization for Economic Cooperation and Development — OECD, the Romanian finance ministry officials announced on Monday. Finance minister Eugen Teodorovici thanked his French counterpart for the letter he addressed to the secretary general of the OECD and underlined that the gesture proved that the European partners appreciated the activity of the Romanian government within the Romanian presidency of the Council of the EU and recognized Romania as an equal partner within the European community. According to finance minister Teodorovici Romania’s possible accession to the OECD would entail a number of advantages among which increased confidence in the country’s economy, access to instruments and centers of economic decision-making as well as the opportunity to contribute to the global economic governance. (news updated by L. Simion)

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