Tag: Forecasting Committee

  • November 3, 2017

    November 3, 2017

    ECONOMIC GROWTH – The National Forecasting Committee has
    revised again, upwards, the forecast regarding Romania’s economic growth in
    2017, from 5.6 to 6.1%. The Committee has maintained the GDP growth estimates
    for 2018, 2019 and 2020 at 5% every year. The International Monetary Fund has
    too revised the forecast regarding the development of Romanian economy, from
    4.2% to 5.5%. According to the IMF, Romania and Iceland will register the
    highest economic growth rates this year. A similar estimate has been presented
    by the World Bank. In another move, specialists draw attention to the fact that
    Romania’s economic growth is mainly triggered by consumption, and that the
    volume of public investment has dropped.








    STRIKE
    – State sector employees are the main victims of the political manipulation by
    means of which the payment of social security contributions has become an
    employee responsibility. This decision will actually annul the 25% salary
    increase, turning it into a political scam, reads a communiqué issued by the
    ‘Solidaritea Sanitara’ (Solidarity for Health) Trade Union Federation.
    According to the federation, a general strike in the budget sector would be a
    normal sanction against the government, which is trying to impose an agenda
    that runs counter to the commitments it had made to the employees. On Thursday,
    another trade union federation, CNSLR Fratia, announced the start of procedures
    for a national strike, also in response to the government’s decision regarding
    social security contributions. This decision has been harshly criticised by
    other unions, as well as by the president and the liberal opposition. In
    response, Prime Minister Mihai Tudose has stated that the measure will benefit
    everybody.












    EU
    COUNCIL
    – The presidency of the EU Council, which Romania will be holding in
    2019, will reflect the need for consensus, not political interests, said on
    Thursday the Minister Delegate for European Affairs Victor Negrescu. He
    attended the launch of the guide to the Romanian Presidency of the EU Council, a
    document developed by the European Expertise Centre – Europuls. Victor Negrescu
    has stated that currently there are some 1500 experts preparing for the future presidency. In another
    development, the Minister Delegate for European Affairs will be in London for
    two days to talk with representatives of the Romanian community about the
    Brexit implications. The Foreign Affairs Ministry has launched an information
    clip on this topic. According to the Ministry, there are 328,000 Romanians
    living in Great Britain.










    CATALONIA – On
    Thursday, thousands of Catalans protested against the arrest of eight regional
    ministers, sacked because of their involvement in the attempt to separate
    Catalonia from Spain. They are accused of rebellion, revolt and embezzlement of
    public funds. Prosecutors have requested a European arrest warrant for the
    Catalan leader Carles Puigdemont, who
    is currently in Belgium. Last week, the Spanish Prime Minister Mariano Rajoy
    imposed direct rule on Catalonia, dissolved the regional parliament and
    announced local elections to be held on the 21st of December.






    FOOTBALL – Romanian Vice-champions FCSB
    (formerly known as Steaua Bucharest) has qualified to Europa League last 32
    round, following the 1-1 result in Group G against Israeli football team Hapoel
    Beer Sheva on Thursday evening in Bucharest. In the previous match, FCSB
    defeated Hapoel 2-1 away from home. FCSB now has 10 points and heads the group.
    Second comes Viktoria Plzen with 6 points, following the victory against FC
    Lugano of Switzerland. FCSB will play in Group G two more matches against
    Viktoria Plzen on November 23 away and against Lugano on December 7 at home.






    HANDBALL – Romania’s women’s handball champions CSM Bucharest are
    playing on Saturday, on home turf, against the Danish team Nykobing Falster
    Handboldklub, its fourth match in Champions League’s group A. In other matches,
    CSM has defeated the Slovenian team RK Krim Mercator Ljubliana and Vistal
    Gdynia of Poland. In the rankings, the Romanians come first with 4 points, just
    like the Danish, who come second. CSM Bucharest won the Champions League in
    2016 and is one of the first seeds at the current edition of the most powerful
    European inter-club competitions.