Tag: cap on cash payments

  • November 6, 2023 UPDATE

    November 6, 2023 UPDATE

    HOSTAGES – The Romanian
    Minister of Foreign Affairs, Luminiţa Odobescu, had a telephone conversation
    with her Egyptian counterpart, Sameh Shoukri, about the situation of the
    Romanian citizens in Gaza who requested support for their evacuation. The
    Romanian official appealed to the Egyptian authorities to treat with priority
    the evacuation requests of the Romanian citizens, when the Rafah border point
    becomes functional again. The Ministry of Foreign Affairs is prepared to
    provide consular support for the safe evacuation of Romanian citizens and
    family members who requested this, Luminita Odobescu said, and the Egyptian
    official assured that the authorities in Cairo are paying special attention to
    the request. Luminita Odobescu mentioned that more than 260 Romanian citizens
    and members of their families want to be evacuated from Gaza, and negotiations
    are underway. Previously, the Romanian foreign minister had a conversation with
    her Israeli counterpart, also approaching the situation of the six Romanians
    with dual citizenship held hostage in the Gaza Strip. The Embassy of Romania in
    Tel Aviv and the Consulate General of Romania in Haifa maintain contact with
    the Israeli authorities.




    AID – The European
    Commission will disburse an additional 25 mln EUR to Palestinians in Gaza, the
    second such assistance package in the last month, which raises total aid to 100
    mln EUR. Prior to the outbreak of the conflict between Israel and Hamas,
    European Commission assistance stood at 25 mln EUR. The European Union remains
    the largest donor to the Palestinians in terms of humanitarian aid. Commission
    spokesman for humanitarian aid and crisis management, Balazs Ujvari, said the
    assistance will be delivered to NGOs that cooperate with the European Union in
    this process. The assistance will consist in medicine, water and food. Two
    weeks ago, the European Union organized a series of eight flights carrying
    humanitarian aid, six of which have already landed, delivering approximately
    260 tons of aid.




    ELECTION IN MOLDOVA – The acting mayor
    of Chișinău, former Socialist Ion Ceban, one of the rivals of president Maia
    Sandu, has won the first leg of the local election in Chișinău, according to
    results made public by the Central Election Committee. Ceban grabbed 50.6% of
    the vote and was followed by the Action and Solidarity Party candidate, Lilian
    Carp, withg 28% of the vote. At national level, PAS won most of the city halls
    in 19 districts in the center and south of the Republic of Moldova, with a
    total of 25.5% of the votes. Ranking second in the overall standings is the
    Party of the Socialists in the Republic of Moldova of the former president Igor
    Dodon, which won 18.5% of the votes, mostly in the north. The National Alternative Movement, created
    around Ion Ceban, won 7%, which is enough to meet the election threshold. PAS
    spokesman Igor Grosu says Sunday’s election in the Republic of Moldova saw
    unprecedented interference from the Russian Federation. The authorities accuse
    Moscow of illegally funding parties, corrupting voters and candidates. The
    Chance Party, controlled by the wanted oligarch Ilan Shor, was declared
    ineligible on the eve of the election.




    BANKS – Romania’s Prime
    Minister, Marcel Ciolacu, on Monday discussed with representatives of the
    Romanian Association of Banks about the new cap on cash payments. The Prime
    Minister previously wrote on Facebook that it is unacceptable that banks should
    increase fees artificially. The Prime Minister wants to keep the measure in
    place and warns Romania ranks first at EU level in terms of tax evasion.
    Limiting cash transactions should be reviewed as soon as possible, Senate
    Speaker Nicolae Ciucă has said, adding that not all people are responsible for
    tax evasion and have a right to use their money as they please. The limit on
    transactions operated with cash might be reviewed at coalition level. The
    measure was supposed to take effect on November 11. In turn, the Competition
    Council president, Bogdan Chirițoiu, said that cash payments present two
    drawbacks: first, tax evasion, as they are more difficult to monitor and
    second, procedures to make cash available are very costly. Bogdan Chirițoiu
    said there are countries in the EU that almost never use cash. (MI & VP)