Radio România Internațional

Tag: Hing Kong

  • October 28, 2024

    October 28, 2024

     

    AGING The population of Romania in mid-2024 was 21,779,000, down 1% compared to June 1, 2023. According to the National Statistics Institute, demographic aging is deepening, with the over-65 age bracket now almost 1 million people larger than the under-14 segment. 55% of the Romanians live in urban communities, but urban-to-rural migration continues, and over 90,000 people moved to the countryside within a year. The number of women is now half a million larger than the number of men, and the national average age is close to 43.

     

    NATURAL GAS Romania has become the EU’s largest natural gas producer, with an output of 2.3 billion cubic metres in Q2, the energy minister Sebastian Burduja announced. According to him, Romania has outperformed the Netherlands, which reported 2.2 billion cubic metres, and compared to last year Romania’s natural gas output was 1% higher. Burduja added that most of the credit for this should go to the Romanian natural gas company, Romgaz, which in the first semester reported a 5% higher gas output than in the corresponding period of last year. The Romanian official explained that Romgaz intends to earmark EUR 120-160 million to increase production. This year alone, the Romanian company started operations with 7 new drilling rigs.

     

    FUELS The average petrol price in Romania has gone up by 3.3% in the past month, to approx. EUR 1.44 per litre in Bucharest. During the same period, average diesel prices rose by 2.3%. Romania has the 7th-lowest petrol prices and the 9th–lowest diesel prices in the European Union.

     

    IMF An IMF mission led by Jan Kees Martijn will be in Bucharest between November 5 and 8, for a review of the latest economic and financial developments and of macroeconomic forecasts. In its latest “World Economic Outlook” report, released recently, the IMF lowered to 1.9% its estimate on Romania’s economic growth rate this year, from the July 2.8% forecast. According to the institution’s latest figures, in 2025 Romania is expected to see a 3.3% economic growth rate.

     

    DEBT According to the Romanian finance ministry, the country’s governmental debt reached approx. EUR 175 bln this July, accounting for 52% of GDP. Romania’s governmental debt is split between domestic debt (roughly EUR 85.7 billion), and foreign debt (approx. EUR 89.5 billion). On the other hand, the budget deficit estimated for 2024 is nearly 8% of GDP. Since 2020, Romania has been subject to an excessive deficit procedure, after in 2019 the country exceeded the 3% of GDP ceiling set under the Stability and Growth Pact. In 2021 the EU Council recommended that Romania bring its deficit below 3% by 2024.

     

    TENNIS The former WTA leader Simona Halep takes on Yue Yuan (China) today, in the first round of the WTA 250 tournament in Hong Kong. This is for the first time that the Romanian player (aged 33, currently no. 869 WTA) plays against Yuan (26, no. 44 WTA). If she wins, Halep is next to take on the winner of the match between Nao Hibino (156 WTA) and Aliaksandra Sasnovich (143 WTA). The main draw of the Hong Kong tournament also includes Romania’s Ana Bogdan (109 WTA), who plays in the first round against Kimberly Birrell of Australia (111 WTA). (AMP)

  • October 26, 2024 UPDATE

    October 26, 2024 UPDATE

     

    NATURAL GAS Romania has become the EU’s largest natural gas producer, with an output of 2.3 billion cubic metres in Q2, the energy minister Sebastian Burduja announced. According to him, Romania has outperformed the Netherlands, which reported 2.2 billion cubic metres, and compared to last year Romania’s natural gas output was 1% higher. The energy minister also mentioned that during the same period Romanians benefited from the fourth-lowest gas price in Europe, according to Eurostat. As of 2027, Burduja added, Romania will practically double its gas output thanks to the deep-water natural gas drilled in the Black Sea. “We will see even better gas prices, we will attract even more investments in our economy and will help the entire region reduce its dependence on Russian gas,” he said.

     

     

    MIDDLE EAST The European Union Saturday called on all parties to exercise utmost restraint to avoid an uncontrollable escalation in the Middle East, after Israel’s retaliatory attack against Iran, AFP reports. “The dangerous cycle of attacks and retaliations risks causing a further expansion of the regional conflict,” the EU warned. Gulf countries have condemned the recent Israeli strikes on Iranian military targets, and warned against possible ripple effects in the region. In turn, Washington called on Iran not to retaliate. Should Tehran choose to strike back, we will be prepared and there will be consequences, the US Administration said. Israel announced that its operations in Iran were over, after 3 rounds of attacks on military targets, particularly the defence system and arms production facilities. Iran says the strike was countered and that damages were limited. The international community had been anticipating this operation for about a month, as a response to Iran’s missile attack on October 1.

     

     

    WINTER TIME Sunday is the longest day of the year in Romania, after switching to winter time on Saturday night, with clocks set one hour behind. The switch is aimed to save energy by aligning work hours with natural light hours. A public poll conducted by the European Commission a few years ago indicates that most Europeans are against the change. The EC considered eliminating the shift, but member states failed to agree on which of the times should be kept. A number of states have given up switches between winter and summer time, such as Mexico in 2022 and Turkey in 2016. Ukraine also decided that as of 2025 it will no longer switch to Daylight Saving Time.

     

     

    AWARD The Romanian writer Ana Blandiana received the 2024 Princess of Asturias Award for Literature, in a ceremony hosted by Spain’s Royal Family at the Teatro Campoamor in Oviedo, the Romanian Cultural Institute announced on Saturday. The jury presented the award to Ana Blandiana, whose work reflects profound knowledge of the Romanian spirit during a historic period of oppression, while establishing hope and defeat as the guidelines of her literary undertaking. Ana Blandiana, the first Romanian writer to receive the award, said this was a confirmation of how her books were received in Spain and the result of the many reviews they had received, because in Spain more than in other countries, poetry is in the spotlight. Ana Blandiana, also a Doctor Honoris Causa of the University of Salamanca, saw as many as 11 of her books translated into Spanish. She has so far authored more than 30 works, translated into 25 languages, and has received many international awards.

     

     

    TENNIS The Romanian tennis player Simona Halep takes on seed no. 6 Yue Yuan (China), in the first round of the WTA 250 tournament in Hong Kong. Apart from Halep, a former world leader and a wildcard in the Hong Kong tournament, Romania is also represented in the competition by Ana Bogdan, set to face Australia’s Kimberly Birrell in the first round. (AMP)