Tag: Angus Deaton

  • October 12, 2015  UPDATE

    October 12, 2015 UPDATE

    Starting December 1st, the entire staff in the
    Romanian education system will benefit from a 15% salary rise. This will add to
    other similar measures already applied this year, so the pay rise in this
    sector will have reached an average of 26,7% in 2015. The announcement was made
    on Monday by the Romanian Education Minister Sorin Cîmpeanu, following
    negotiations with representatives of the line trade unions. Previously, on a TV
    show, minister Cîmpeanu had stated that, in four years, salaries in the
    education system should gradually grow up to a level attractive enough to bring
    young higher education graduates into the system. We recall that the medical
    staff in Romania also benefit from a
    25% rise as of October 1st.






    On Monday, Romania’s President Klaus Iohannis received the US Ambassador
    to Bucharest, Hans Klemm. The two officials discussed means of boosting
    security cooperation as well as political dialogue. According to the
    Presidential Administration, the Romanian head of state stressed the need for
    consolidating the economic dimension of the Strategic Partnership between
    Romania and the US. We recall that the US Ambassador to Romania, Hans Klemm,
    presented his accreditation letters on September 21st. Also, in late September, President Klaus
    Iohannis, on a visit to the US, had a meeting with the US Vice President Joe
    Biden.




    On Monday,
    the Romanian Foreign Minister, Bogdan
    Aurescu, reiterated at the Foreign Affairs Council in Luxembourg Romania’s
    support for Libya’s unity and territorial integrity and Bucharest’s willingness
    to help that country’s democratic and institutional reconstruction. Talking
    about Syria, Bogdan Aurescu said that Romania strongly defended a political
    solution to the domestic conflict in that country. Bucharest, he said, is ready
    to get actively involved in facilitating dialogue, including by using its
    embassy in Damascus, which is still operational. According to the Romanian
    diplomat, starting a political transition needs to take place at the same time
    with combating and neutralizing the Islamic State terrorist organization. Also,
    Bogdan Aurescu reiterated Romania’s solidarity with the efforts made to solve
    the current refugee crisis.




    Liviu Dragnea, the
    only candidate in the election for president of the Social Democratic Party,
    held on Sunday, was elected head of the main ruling party in Romania by 97% of
    the members who came to the polls. It was for the first time that the leader of
    the Social Democratic Party was elected through an internal ballot and not at
    the Party Congress. On Monday, the results of the vote were analyzed by the
    party’s National Executive Committee. Also, the Committee discussed the
    structure of the party leadership, whose members will be elected at the
    extraordinary congress due on Sunday, October 18th. More on this
    after the news.






    A technical mission of the International Monetary Fund is expected to
    arrive this week in Romania. Next year’s state budget, as well as a potential
    new agreement with the Fund, will be the main topics on the agenda of talks.
    The visit comes after the IMF has recently revised upwards its estimates on the
    Romanian economy. The GDP is expected to go up 3.4% this year and 3.9% in 2016.
    Last month, Romania’s fourth consecutive agreement with the IMF came to an end.
    The precautionary agreement was worth 2
    billion euros, but Bucharest did not use the funds. The Finance Minister Eugen
    Teordorovici has recently stated that Romania will officially apply for a new
    loan agreement with the IMF.






    Romanian,
    American, Bulgarian and Ukrainian troops are taking part, between October 12 and 15, in military exercises in the Black Sea
    international waters. Romania is participating with a frigate, a corvette and
    two MiG 21 LanceR aircraft. The American forces are represented by the USS
    Porter destroyer and a maritime
    patrol aircraft, while Ukraine and Bulgaria contributed one frigate
    each. The troops will carry out anti-submarine warfare drills, as a means to
    test the capacity of joint operations in the Black Sea. According to American
    officials, participation in exercises together with NATO allies, Romania
    included, is a permanent mission of the US Sixth Fleet.






    Turkish
    authorities on Monday said Islamic
    State jihadists were behind the two blasts in Ankara, the bloodiest attack ever
    committed in Turkey. The explosions killed 97 people and wounded another 500
    near the central railway station, where people had gathered to protest against
    the clashes between the Turkish government and the Kurdistan Workers’ Party
    (PKK). The attack occurred three weeks before the early elections scheduled for
    November 1st. On Saturday and Sunday,
    many people across Turkey gathered to
    protest against violence and terrorism.
    The participants blamed the government for failing to take proper security
    measures.






    Angus Deaton of
    Great Britain is the winner of the Nobel Prize in Economics. He was rewarded
    this way for his analysis of consumption, poverty and welfare, the Royal
    Swedish Academy of Sciences stated. Last year, the French economist Jean Tirole
    was the recipient of the award for his analysis of market power and regulation.
    Also this year, the Nobel Prize in Literature
    was awarded to the Belarusian writer Svetlana Alexievich and the Peace
    Prize went to several organizations that facilitated the democratic transition
    in Tunisia.






    Romania’s national football
    team has qualified for the final tournament of the European Championship, due
    next year in France.
    In their last game in preliminary Group F,
    on Sunday night, the Romanian squad defeated the Faroe Islands 3-0, away from
    home. The last time Romania took part in a European final tournament was in
    2008. Group F also included Northern Ireland, which won the group stage and
    also qualified for the final tournament, Finland, Greece and Faroe Islands. 16
    out of the 24 participants in the final tournament are known so far.