Tag: budget deficit target

  • August 31, 2023

    August 31, 2023

    CREVEDIA – A new patient who suffered burns in last week’s explosions
    in Crevedia has died. According to the Health Ministry, the patient had
    sustained burns on 90% of his body. This is the third fatality reported in the
    wake of last week’s explosions at an LPG station in Crevedia. 5 people are
    still in critical condition: 2 are treated in Romania and 3 abroad. 22 patients
    hospitalized in Bucharest are stable while 19 were discharged. In today’s
    session, the government is expected to vote the provision of emergency
    financial aid to the families and victims of the tragic event. Several houses
    were affected by the blasts, of which 8 were destroyed. Intervention teams
    remain on-scene until the site is fully secured, whereas prosecutors have
    launched a number of criminal investigations.




    DEFICIT – Romania’s Prime Minister Marcel CIolacu is today
    discussing with European Commission representatives about Romania’s budget
    deficit for 2024. The government wants a deficit above 5%, and has prepared a
    number of fiscal measures to convince the Commission the target is feasible.
    The government thus wants to cut the number of VAT quotas to two and eliminate
    certain tax breaks. Marcel Ciolacu believes a deficit above 5% is necessary, in
    the context Romania has provided support to neighboring Ukraine. Earlier this
    week, the European Commission talked to Romanian ministers but has not yet made
    public its conclusions. According to EU sources, the Commission believes the
    Romanian government’s measures to increase taxes and cut back on public
    spending are not enough to meet the deficit target.




    ROMANIAN LANGUAGE DAY – Romanian Language Day is celebrated every
    year on August 31. Today, a series of cultural events are held on this occasion
    in Romania and neighboring Moldova. The Romanian Academy and the Moldovan
    Science Academy have organized a mixed scholarly meeting, held in both
    Bucharest and Chișinău. In the Moldovan capital-city, the meeting continued
    with the 12th edition of the World Conference on the life and works
    of Mihai Eminescu. In Bucharest, the Botanical Gardens hosted public reading
    sessions, while the city in Iași in northeastern Romania hosted a special event
    – The Great Dictation, addressing people who want to test their writing,
    grammar and spelling skills. Romanian Language Day is also marked by Romanian
    Cultural Institutes abroad by means of conferences, Romanian language, culture
    and civilization classes, book launches, concerts or exhibitions.




    ITO – The city of Timișoara
    (western Romania) is as of today hosting the 7th edition of the International
    Meeting of Orthodox Youth (ITO). Attending are clergymen from at home and
    abroad, MPs, ministers and academia. The conference will tackle a number of
    issues tied to universal history and culture, but also human trafficking and
    drug abuse. Religious services will be officiated, whereas a march will
    commemorate the young people killed in the 1989 anti-communist revolution. The
    International Meeting of the Orthodox Youth is part of the agenda of the Timișoara
    – European Capital of Culture in 2023 programme. The next meeting will be held
    in Bucharest in 2025, marking 100 years since the establishment of the Romanian
    Orthodox Patriarchate.




    TENNIS – Romanian tennis player Sorana Cîrstea on Wednesday advanced
    to the third round of the US Open after ousting Ana Kalynskaya of Russia, 6-3,
    6-4. The Romanian player thus matched her best performance at Flushing Meadows.
    In the next round, Cîrstea will go up against Elena Rybakina, world number 4.
    (VP)