Tag: natural gas storage

  • October 3, 2022 UPDATE

    October 3, 2022 UPDATE

    WAR IN UKRAINE – Romania’s president, Klaus Iohannis, as
    well as the presidents of seven other members of NATO from Central and Eastern
    Europe, the Czech Republic, Estonia, Lithuania, North Macedonia, Montenegro,
    Poland and Slovakia on Monday signed a
    joint statement reaffirming their support for the sovereignty and territorial
    integrity of Ukraine. We firmly stand behind the 2008 Bucharest NATO Summit
    decision concerning Ukraine’s future membership, the Romanian president also
    tweeted.


    EDUCATION – Romania’s president, Klaus Iohannis, on
    Monday said the education laws should stipulate clear provisions for the
    prevention and punishment of plagiarism, which he described as a toxic
    phenomenon in the education system. Attending the opening of the academic year
    at the Ion Mincu University of Architecture and Urbanism in Bucharest, the
    president pointed out that obtaining an academic degree is an honor
    exclusively based on real merit. An educated Romania must be fair, without
    exception, Klaus Iohannis said. Some 500 thousand students on Monday started a
    new academic year. Also on Monday, Ligia Deca was sworn in as the new Education
    Minister, replacing outgoing minister Sorin Cîmpeanu, who resigned in the wake of a plagiarism scandal. Ligia Deca was
    nominated by the National Liberal Party after previously serving as
    presidential adviser. Deca was in charge of coordinating Educated Romania, a project
    that will be treated as a top priority during her mandate.


    CAR INDUSTRY – Although the world car industry was
    strongly hit by the global semiconductor chip shortage, with losses to
    companies in the field amounting to 100 billion EUR, the car manufacturing
    industry in Romania saw a growth rate of over 15%, while car sales grew by 5%
    in the first 8 months of the year compared with the same period in 2021,
    according to a study published on Monday. With chip supply chains still at
    threat, state support should remain high for this sector, which makes up more
    than 25% of GDP, the study also writes. Romania is home to two big car
    manufacturing plants: the Ford factory in Craiova, in the south-west, and the
    Dacia-Renault factory in Mioveni, in the south of the country.


    ENERGY – The Chamber of Deputies in Bucharest is
    expected to finalize this week debates on the government emergency decree in the
    field of energy. The draft law was previously adopted by the Senate with
    certain amendments. Therefore, in the current form, the list of social
    categories that benefit from capped prices for electricity and natural gas
    until August, 2023 includes families with a maximum of three children, places
    of worship officially sanctioned in Romania and medicine manufacturers. The list
    of legal entities that benefit from capped prices also includes SMEs, public
    utility services and economic operators in the food industry. On the other
    hand, this week Romanian MPs are expected to cast their votes on the final law in
    the justice law package, more specifically the one regulating the status of
    magistrates. USR in opposition has called on the ruling coalition to suspend
    the debate of these draft laws until December pending the publication of the opinion
    of the Venice Commission, according to a timetable published on Monday.


    GAS – Romania has reached 87% natural gas storage capacity,
    Prime Minister Nicolae Ciucă said on Monday. The
    Romanian Prime Minister said Romania will be able to provide assistance to the
    Republic of Moldova in case the Russian energy giant Gazprom suspends gas
    deliveries to this country. Romania will be able to deliver as much as 5
    million cubic meters per day, the Romanian official added.


    NOBEL – Swedish paleogeneticist Svante Pääbo on Monday was
    awarded the Nobel Prize in Physiology or Medicine in 2022. The 67-year-old
    researcher was rewarded for his discoveries concerning the genomes of extinct
    hominins and human evolution. Last year, the Nobel Prize in Physiology or
    Medicine was scooped by Americans Ardem Pataputian and David Julius for their
    discoveries of thermal and mechanical transducers. The Nobel Prizes in Physics
    and Chemistry will be announced on Tuesday and Wednesday respectively, while
    the recipients of the Nobel Prizes in Literature and Peace will be made public
    on Thursday and Friday, respectively. The final prize in economy will be
    announced next week. Each Nobel Prize is accompanied by a 10-million Swedish
    Krona (the equivalent of some 920 thousand EUR). (VP)