Tag: budget deifict

  • September 28, 2020 UPDATE

    September 28, 2020 UPDATE

    ELECTION
    – President Klaus Iohannis on Monday said Sunday’s results in the local
    election mark a victory for Romanian democracy, but also an unprecedented
    victory reported by right-wing parties. The President said the voter turnout
    was good, considering the health crisis the country is facing, and this proves
    society is acting responsibly. Romanians have voted for a new direction, for
    common sense and respect towards citizens, as well as for democracy, President
    Iohannis said. The President congratulated the National Liberal Party and the
    Save Romania Union – PLUS alliance for their good results in Sunday’s ballot,
    and asked them to continue cooperating with a view to shaping up a new majority
    in Parliament after the legislative election slated for December. According to
    partial results, the independent candidate Nicuşor Dan, backed by the
    National Liberal Party in power and the Save Romania Union – PLUS alliance won
    42.78% of the vote, to the detriment of his opponent, Social-Democrat Gabriela
    Firea, the current Mayor General of Bucharest, who won 37.95% of the vote.
    Candidates supported by the National Liberal Party and Save Romania Union-PLUS have
    reported victories in 3 of the 6 districts in the capital city, while left-wing
    candidates have won the mayor seats in the other three. Over 46% of Romanians
    voted in Sunday’s ballot to elect 41 presidents of county councils, over 1,300
    county councilmen, 40,000 local councilmen and over 3,200 mayors. Nationwide,
    the Social-Democratic Party has reportedly won 20 county councils, the Liberals
    17 and the Democratic Union of Ethnic Hungarians 4.




    COVID-19
    – 1,271 new coronavirus infections were reported on Monday in Romania, taking
    the total number of cases to almost 124,000. 99,344 people have recovered. 30
    new deaths were also reported on Monday, with the death toll now standing at
    4,748. Globally, the pandemic has caused more than 1 million deaths and over
    33.3 million infections, according to worldometers.info. Some 25 million people
    have recovered. The worst hit regions in terms of number of deaths are Latin
    America and the Caribbean, Europe, the United States and Canada. In the US
    alone, infections have passed 7.3 million and the death toll is nearing
    210,000. India also topped 6 million cases on Monday. According to World Health
    Organization officials, coronavirus fatalities could double to 2 million before
    a successful vaccine is widely used, and this figure could be even higher
    without coordinated measures to contain the pandemic.




    FUNDING
    – The European Commission has approved modifying the Competitiveness
    Operational Programme for Romania, by redirecting funding worth €550 million
    from the Cohesion Fund in order to offset the economic fallout of the
    coronacrisis. According to a Commission release, some 120,000 SMEs and other
    digitization and e-education initiatives will be able to access the funds. The
    Commission recalls Romania has already attracted some €350 million worth of EU
    funds in the healthcare sector to help doctors in the first line of defense
    against COVID-19. Thanks to the Coronavirus Response Investment Initiative, a
    total of €900 million from the Cohesion Fund is being earmarked to efforts at
    combating the coroanvirus and its effects in Romania.




    EPPO -
    Romanian Laura Codruța Kovesi was sworn
    in on Monday as the head of the European Public Prosecutor’s Office at the
    Court of Justice of the European Union. Joining her in the swearing-in ceremony
    were another 22 prosecutors representing the 22 EPPO member states. In a joint
    agreement signed on October 16, 2019, the European Parliament and the Council
    of the European Union designated Laura Codruța Kovesi as the first head of the
    EPPO. Under a resolution passed on July 27, 2020, the Council of the European
    Union appointed the first European prosecutors. EPPO is an independent body of
    the European Union charged with investigating, prosecuting and taking to court
    crimes that infringe on the EU’s financial interests, such as corruption, or
    cross-border VAT fraud that result in a prejudice exceeding €10 million. To
    this end, the EPPO is conducting investigations and prosecutions working with
    the relevant courts of law in member states. The EPPO will be headquartered in
    Luxembourg.




    DEFICIT – Romania’s budget deficit went up to 5.18% of the GDP after the first
    eight months of the year, from 2.1% in the similar period of last year, the
    Ministry of Finance reports. Over half of the deficit reflects the costs of
    measures introduced to combat the COVID-19 pandemic. According to official
    estimates, the budget deficit will reach 8.6% this year, 5% of which directly accounting
    for the economic fallout of COVID-19.




    TENNIS – 4 Romanian tennis players will
    be competing in Tuesday’s first round at Roland Garros. Ana Bogdan will take on
    Timea Babos of Hungary, Monica Niculescu will play Danielle Collins of the
    United States, Sorana Cîrstea will
    go up against Elena Rybakina of Kazakhstan, while Irina Bara will play Donna
    Vekic of Croatia. On Wednesday, Simona Halep, the top seed at Roland Garros,
    will play another Romanian player, Irina Begu. In the last encounter at the
    semi-finals in Prague, Halep defeated Begu. Eight Romanian players will compete
    in the women’s doubles: Raluca Olaru, Monica Niculescu, Irina Begu,
    Andreea Mitu, Irina Bara, Ana Bogdan, Patricia Ţig and Sorana Cîrstea. In the
    men’s doubles, Romanian Horia Tecău and Jean-Julien Rojer of the Netherlands,
    last year’s quarterfinalists, are seeded 12 and will play Cristian Garin of
    Chile and Pedro Martinez of Spain.


    (Translated by C. Mateescu & V. Palcu)