Tag: economic recession

  • November 15, 2022

    November 15, 2022

    DEFENSE – Romania’s Defense Minister, Angel
    Tîlvăr, is attending the Foreign Affairs Council meeting in Brussels, in the
    Defense Ministers format. The main point on the agenda is the process of
    developing defense capabilities. Defense Ministers will be briefed regarding
    the latest operational developments, including the EU’s recent military
    assistance mission targeting Ukraine. Talks will also address the overall
    security context affected by the Russian war in Ukraine. Attending will also be
    NATO’s Secretary General, Jens Stoltenberg, and Ukraine’s Defense Minister,
    Oleksy Reznikov, the latter addressing the meeting via videoconference.




    VISIT – Romania’s Foreign Minister,
    Bogdan Aurescu, is today paying an official visit to Budapest, responding to
    the invitation extended by his Hungarian counterpart, Péter Szijjártó. According to the Romanian official, the
    Romanian-Hungarian Chamber of Commerce will be inaugurated next year. Hungary
    is one of Romania’s top trade partners. In the first seven months of the year,
    two-way trade went up by 32% compared to the same period of last year. The two
    officials discussed energy security and increasing the volume of gas transiting
    Romania towards Hungary. The Romanian official recalled that on December 17,
    Bucharest will host the signing of the agreement for the creation of the green
    energy corridor linking Azerbaijan to Central Europe. Bogdan Aurescu’s visit to
    Hungary marks a symbolic moment in bilateral relations between the two states,
    20 years since the signing in Budapest of the Declaration for the Strategic
    Partnership between the Government of Romania and the Government of the
    Republic of Hungary for 21st-century Europe, a fundamental mechanism
    that shaped cooperation between the two countries in the modern era.




    RECESSION – Romania’s Prime Minister,
    Nicolae Ciucă, on Tuesday said
    Romania is in no danger of facing an economic recession. On the contrary, according
    to current data, Romania might report an economic growth of 5% by the end of
    the year. Prime Minister Ciucă said the situation also depends on other
    economies Romania is cooperating with. It is important the Government
    takes measures to protect vulnerable categories of people, as well as to ensure
    the competitiveness of Romanian products, Nicolae Ciucă said. According to a Eurostat report published
    on Tuesday, Romania reported the highest economic growth rate at EU level in
    the third quarter compared to the second one of 2022, 1.3%. Our country also
    had the largest economic growth rate in the third quarter compared to the same
    period of last year, 4.7%.




    FORUM – Parliament is hosting the Salzburg
    Forum today and tomorrow, an event organized by the Interior Ministry. In the
    second half of 2022, Romania took over the presidency of the Forum, a regional
    mechanism for political consultation and multilateral cooperation. Specific
    panels will address hot topics such as managing the effects of the Russian
    aggression in Ukraine. Set up in 2000, the Salzburg Forum brings together
    Interior Ministers from Austria, Bulgaria, the Czech Republic, Croatia, Poland,
    Romania, Slovakia, Slovenia and Hungary.




    COMMEMORATION – Brașov in central Romania is today
    hosting events marking 35 years since the anti-communist uprising of industrial
    workers. Screenings, solemn civil and religious ceremonies will be held on this
    occasion. In a solemn session on Monday, Parliament also commemorated the
    events of November 15, 1987. MPs said the workers displayed courage and
    dignity, arguing that their uprising weakened the communist regime and prepared
    the revolution of 1989.




    G20 – Russia’s aggression in Ukraine
    dominates the G20 summit in Bali, Indonesia, although the issue was not
    formally included on the summit’s agenda. Ukraine’s president, Volodymyr
    Zelensky, earlier today called on G20 leaders to stand together as co-creators
    of peace in order to end Russia’s destructive war. The Ukrainian president
    addressed G20 leaders by videolink. The host country’s president, Joko Widodo,
    also called for putting an end to the war and argued against division in his
    opening address. We should not divide the world into parts. We must not allow
    the world to fall into another Cold War, the Indonesian official said. In
    turn, European Commission president, Ursula von der Leyen, accused Moscow of
    using natural gas as a weapon, preferring to flare it rather than sell it, in
    response to Western sanctions. Representing the Russian Federation is Foreign
    Minister Sergey Lavrov, who today held talks with the leaders of France and
    Germany regarding the conflict in Ukraine, accusing Kyiv of opposing any
    resolution. Minister Lavrov said Ukraine refuses to talk to Moscow and has
    advanced unrealistic peace terms.




    GLOBAL POPULATION – The United Nations has estimated global
    population to reach 8 billion people today, just 11 years after passing the
    7-billion milestone, the BBC reports. World population will reach 9 billion by
    2037, the UN has warned. Eight countries, give of which are in Africa, will
    account for half of this growth. At global level, the number of newborns has
    dropped dramatically. The UN says fertility went down in Europe and in parts of
    Eastern Asia, although not in Western Africa.




    HANDBALL – The Romanian women’s handball team is
    today playing Montenegro in the second game scheduled in Group 2 at the EHF
    European Championship hosted by Slovenia, North Macedonia and Montenegro.
    Tomorrow, Romania will play Germany. Romania needs to win both matches to
    advance to the semi-finals. In the first main group fixture, Romania defeated
    Spain. (VP)