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June 23, 2019 UPDATE

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Newsroom, 23.06.2019, 19:18

INVESTMENT According to a report published by the Foreign Investors Council,
foreign investment in Romania amounts to a total of 75 billion euros, being
comparable in size with the European funds. 90% of foreign investment in
Romania comes from EU members, Germany, France, Austria and the Netherlands. Investment
has been made in all sectors of Romania’s economy, mainly in industry. Foreign
investment reached its climax around Romania’s EU accession, when it stood somewhere
around nine billion euros a year. At present foreign companies in Romania boast
around 1.3 million employees, who account for 25% of their total number.

FOOTBALL
Romania’s Under-21 football
side will be up against France on Monday in Group C of the European Under-21
Football Championship underway in Italy and San Marino. The Romanians started
off on the right foot on Tuesday with a 4-1 win against Croatia and later
clinched a 4-2 victory against England. This is Romania’s second participation
in a final tournament after the one it hosted in 1998. Winners of the three
groups as well as the best side on the second position will qualify for the
semifinals. The first four sides will qualify for the 2020 Olympics.

DELEGATION A European Parliament delegation is to arrive on Monday in
Chisinau, the Republic of Moldova, an ex-soviet Romanian-speaking country, for
an opinion exchange with the country’s fresh government. Made up of four MEPs,
the delegation, which is headed by David McAllister, Chair of the European
Parliament Foreign Affairs Committee, is going to hold talks with the country’s
Prime Minister Maia Sandu, President Igor Dodon, Foreign Minister Nicolae
Popescu, Interior Minister Andrei Nastase and Parliament Speaker Zinaida
Greceanii. In another development, the new head of diplomacy in the Republic of
Moldova will be paying a visit to neighboring Romania on July 1st -
the Foreign Ministry in Bucharest has announced. Nicolae Popescu already talked
on the phone with his Romanian counterpart Teodor Melescanu on Friday; the
latter gave assurances on Bucharest’s readiness for a tight cooperation in the
spirit of the Strategic bilateral partnership for the Republic of Moldova’s
European integration. Sworn in by Parliament on June 8th, Moldova’s
new government took over its prerogatives a week ago upon the political
deadlock caused by the former centre-to-left executive controlled by tycoon
Vladimir Plahotniuc who refused to step down.

FESTIVAL Over 50 cultural events were scheduled for Sunday, the last day of
the 26th edition of the International Theatre Festival (FITS) hosted by Sibiu,
a city in central Romania. This year’s edition unfolded under the motto The
Art to Give and also included circus performances, music, book launches and
other related events. The Walk of Fame in Sibiu on Saturday was added more
stars to honour celebrities from the local and international showbiz, including
Romanian actress Maia Morgenstern, Italian director and actor Pippo Delbono,
and the director of the Theatre de Ville and the Autumn Festival in Paris,
Emmanuel Demarcy-Mota. This year’s edition of FITS, which kicked off on June 14th,
included roughly 540 events held in 75 performance areas, and has been attended
by 33 hundred artists and invitees from 73 countries. FITS, which has Radio
Romania among its co-producers, has been described as the largest and most
complex event of this kind in Romania and even Europe.