RRI Live!

Listen to Radio Romania International Live

The economic effects of the Ukraine crisis

Prime minister Nicolae Ciucă analysed the economic effects of the war in Ukraine with representatives of the private sector.

The economic effects of the Ukraine crisis
The economic effects of the Ukraine crisis

, 08.04.2022, 13:00


The
economic consequences of the war in Ukraine are already being felt in
Romania, which, like other countries, is struggling with high
inflation, a rise in fuels costs, higher prices for products, and the
situation of thousands of Romanian employees of businesses affected
by the sanctions against Russia. In an attempt to counteract the
effects of the war on the Romanian economy, prime minister Nicolae
Ciucă on Thursday had talks with representatives of the private
sector, including representatives of the Concordia employers’
association, which accounts for over a quarter of the country’s
GDP. The purpose of the talks was to find new solutions to support
the business community.


We
want to support the entire economic ensemble because it is important
for the budget and especially for jobs, said Ciucă, adding we
have large sums allocated for investments and there are European
funding programmes available to support the economic sector. We are
approaching in an integrated way the resources of tens of billions of
euros that are available to us. The support given to the business
sector is for the Romanian citizens and this is our priority.


In
the context of the war in Ukraine and given Romania’s intention to
become independent from gas imports from Russia, Ciucă reminded
business people that there
are
modernisation funds available
that give
them the possibility to develop the technology for renewable energy.
He also presented the government’s efforts to finalise the gas
interconnector between Greece and Bulgaria, which can contribute to
supplementing Romania’s access to natural gas. Another direction
pursued by the government is to come up with legislation to increase
Romania’s processing capacity in all economic sectors, said Ciucă.


The
representatives of big supermarket chains said their stocks are
sufficient to ensure supply down to the end-consumer, but asked that
the purchasing power be maintained. Also on Thursday, the prime
minister received assurances from farmers and producers of
seeds and sun-flower oil in Romania that there are enough stocks for
the population, including in the event of growing demand. Romania can
play an important role within the European Union to compensate for
the loss of imports from Ukraine, and thus contribute to the food
safety of the Union and of third countries struggling with the
consequences of the Russian aggression against Ukraine, the prime
minister emphasised. (CM)

Tags:
Signing of the protocol (foto:
Today in the News Friday, 22 November 2024

Transition program towards F-35, launched

The Romanian Air Force’s transition program to 5th generation aircraft has been launched.   Romania’s decision to acquire advanced fighter...

Transition program towards F-35, launched
Energy (foto: EdWhiteImages / pixabay.com)
Today in the News Friday, 22 November 2024

The National Energy Strategy, adopted

Using local resources, reducing imports and making massive investments in production capacity are important elements of the new National Energy...

The National Energy Strategy, adopted
European Commission (photo: © European Union - Source: EC - Audiovisual Service / Photographer: Christophe Licoppe)
Today in the News Thursday, 21 November 2024

Political agreement on the new European Commission

    The leaders of the three major political groups in the European Parliament have given the green light to the members of the next...

Political agreement on the new European Commission
Photo: aep.ro
Today in the News Thursday, 21 November 2024

13 for Romania

    In Romania, presidential elections usually spark the greatest interest and emotions. Even more so this year, when the two rounds of the...

13 for Romania
Today in the News Wednesday, 20 November 2024

Romania’s natural gas, available for trading

On Tuesday, the Romanian company Romgaz launched its first issue of bonds on the Bucharest Stock Exchange, worth 500 million EUR. Romgaz is the...

Romania’s natural gas, available for trading
Today in the News Tuesday, 19 November 2024

Romania ahead of the presidential election

Next month, President Klaus Iohannis will end his second and last five-year term in office according to the Romanian Constitution. The so-called...

Romania ahead of the presidential election
Today in the News Tuesday, 19 November 2024

Romania’s Prime Minister on a visit to Brussels

NATO welcomes Romania’s continuous efforts and its significant contribution to strengthening the Alliance and Euro-Atlantic security, NATO...

Romania’s Prime Minister on a visit to Brussels
Today in the News Monday, 18 November 2024

Downward forecast from the European Commission

Romania’s economic growth estimate has been recalculated by the European Commission (EC), at a value well below the initially established...

Downward forecast from the European Commission

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company