Tag: Otosan

  • July 5, 2022 UPDATE

    July 5, 2022 UPDATE

    PRESIDENCY Romania is a very involved actor in the European policy
    and security policy, president Klaus Iohannis told a press conference on
    Tuesday. He emphasised that the recent decisions at the European Council and
    the NATO summit made Romania safer and more visible. Romanians are better
    protected, Romania is better protected, the head of state pointed out.


    TAXES Amendments to Romania’s Fiscal Code are subject to the
    decision transparency procedure until Friday, and scheduled for endorsement by
    the government next week. The changes agreed by the ruling coalition made up of
    the Social Democrats, the Liberals and the Democratic Union of Ethnic Hungarians
    in Romania in order to improve collection to the state budget include increases
    of the tobacco and alcohol excises, of the VAT for the hospitality industry and
    of property owner’s taxes. Gambling revenues up to roughly EUR 600 will be
    taxed by 10%, those between EUR 600 and 2,000 by 20% and those over EUR 2,000
    by 40%. Government sources say another measure introduces a 5% VAT rate for
    purchased houses of up to 120 square meters. Other amendments may increase
    house owner’s taxes by 60%. Taxes in the hospitality industry may also change
    so they may not be under 1% of the turnover starting next year.


    NATO
    Romania’s foreign minister Bogdan Aurescu hailed Tuesday’s
    signing of Finland’s and Sweden’s NATO accession protocols in Brussels by the
    standing representatives of the 2 countries and of the Allied states, including
    Romania. According to the Romanian foreign ministry, in
    the current security context marked by Russia’s illegal war of aggression
    against Ukraine, the 2 countries’ move proves their commitment to the
    democratic values and spirit that NATO safeguards and promotes. Romania, the
    ministry also says in a news release, has been one of the main supporters of
    the Open Door policy as central to NATO’s strategic approach in relation to its
    partner states. The decision to join the organization, Bucharest adds, is an
    option any state is free to take, based on meeting the criteria defined for the
    process and on the consensus of the Allies. No third party may affect NATO’s
    enlargement policy. Bucharest is also confident that Finland’s and Sweden’s
    accession will contribute to strengthening NATO security. After the
    representatives of the 2 countries signed the accession protocol, each NATO
    country’s parliament must ratify the decision, which may take up to one year.
    Turkey is the only NATO member to make ratification conditional on commitments
    regarding terrorism on the part of the 2 Nordic countries.


    CABINET Seven months into their term in office, all the ministers
    in the Liberal Nicolae Ciucă’s Cabinet have been reconfirmed in office. The PM
    talked to president Klaus Iohannis about the assessment of his cabinet members
    and according to political sources they agreed reshuffling is not necessary. Ciucă
    informed his ministers however that last-minute submissions of key projects
    under the National Recovery and Resilience Plan funded by the EU would not be
    acceptable. Following a 10-criteria assessment that took into account the
    expectations of Romanian citizens and society, PM Ciucă also presented a report
    on the work of his government, which included overcoming the health crisis,
    stabilisation of the energy crisis and the management of the effects of the war
    in neighbouring Ukraine. The report also mentions the largest investment budget
    of the last 32 years, the new Offshore Act and strengthening security within NATO
    and the EU.


    AUTOMOTIVE The city of Craiova, in southern Romania, Tuesday hosted
    a ceremony occasioned by the acquisition of the local Ford plant by Ford Otosan,
    the largest producer of commercial vehicles in Europe. The US-Turkish company
    announced investments of nearly EUR 500 million in the next 3 years, to
    increase production. The plant will make the new generation of a freight and
    passenger transport model, with a fully electric version as of 2024. Ford Puma,
    the best-selling Ford automobile in Europe, will also have an electric version
    as of 2024, to be produced in Craiova as well. Attending the event, PM Nicolae
    Ciuca highlighted the commitment of the company’s American and Turkish
    officials to strengthen and improve economic relations and strategic
    partnership with Romania. He also added that Romania’s National Recovery and
    Resilience Plan includes a commitment to have 18,000 EV charging stations ready
    in Romania by the end of 2026.


    SPORTS 494
    swimmers from 42 countries are competing in the European Junior Swimming
    Championships underway in Bucharest until July 10. The host country, Romania,
    is represented by 26 athletes, 14 boys and 12 girls, including the world
    champion in the 100m and 200m freestyle race, David Popovici. The 17 year old
    champion has already qualified for the semifinals of the 200m freestyle race. In
    turn, Cristian Lapadat qualified for the 200m butterfly semi-final. Aissia
    Claudia Prisecariu and Rebecca-Aimee Diaconescu have qualified for the women’s
    50m backstroke semi-finals, while Ana Maria Sibiseanu takes part in the
    semifinals of the women’s 200m freestyle race. Romania’s men and women teams will
    also compete in the 4×100 freestyle final.




    TENNIS US
    tennis player Amanda Anisimova will be playing Romanian Simona Halep in the
    quarter finals of the Grand Slam tennis tournament in Wimbledon. In the round
    of 16, Halep secured a 6-1, 6-2 win against Paola Badosa of Spain, while
    Anisimova defeated Harmony Tan of France 6-2, 6-3. A former world leader, Halep
    won the 2019 of Wimbledon and a year earlier the one in Roland Garros. (AMP)