Tag: purchasing power per capita

  • October 23, 2019

    October 23, 2019

    GOVERNMENT – The Political Bureau of the National
    Liberal Party will convene on Thursday to vote on the list of ministers in the
    future Orban Cabinet and on the governing program. Prime Minister designate
    Ludovic Orban will subsequently submit the documents to Parliament. Today Orban
    concluded a new round of talks with parliamentary parties that voted the
    no-confidence motion of October 10 that ousted the Social-Democrat Government
    led by Viorica Dancila. Orban expressed confidence that the new Cabinet will
    receive the necessary number of votes in Parliament.


    STUDY – The purchasing power per capita in Romania stands at
    5,881 euros, as compared to the average sum of 14.739 euros Europeans spend and
    save, a Gfk recent study shows. Romania ranks 32 in a ranking of European
    countries in terms of purchasing power per capita, tantamount to 60% below the
    European average. At national level, Bucharest has the highest purchasing
    power, namely 10.452 euros per capita, followed by Timis County with 7.564
    euros and Cluj County with 7.457 euros. At the opposite poll is Vaslui County,
    with an average purchasing power per capita of 3.706 euros. The purchasing
    power is indicative of the net-of-tax income minus deductions of charitable
    contributions and any state-offered benefits.


    EXERCISE – The biggest military exercise since the
    end of the Cold War will be held in Europe next year. Defender Europe 2020 will
    involve the participation of some 37,000 soldiers, of whom 29,000 American.
    Romania’s contribution to the exercise will be consistent, Romania’s chief of
    general staff, General Nicolae Ciuca told Radio Romania. The exercise will be
    held in several countries, although Germany and Poland will be hosting the main
    drills. Defender Europe 2020 will be held over February-August 2020. During the
    cold War, large-scale exercises focusing on the quick deploying of a high
    number of troops to Europe were central to training for a potential war with
    the Soviet Union. While the US’s military focus has been on the Middle East in
    the past two decades, Russia’s ingressions in Ukraine in 2014 have prompted the
    Pentagon to refocus on Europe’s defense and ways of transferring US troops
    overseas to respond to various conflicts.


    NATO – The annual NATO Weapons of Mass Destruction (WMD) Arms
    Control, Disarmament and Non-Proliferation continues in Brussels today, Romania
    being represented by State Secretary Dan Neculaescu. In yesterday’s address,
    the Romanian official tackled global security concerns prompted by the
    development of ballistic missiles, as well as the transfer of any associated
    technology to state and non-state actors. Neculaescu also focused on efforts
    and expertize Romania can offer in the field of WMD non-proliferation. On the
    sidelines of the Conference, Dan Neculaescu met with NATO deputy Secretary
    General, Mircea Geoana, discussing allied efforts to consolidate defense and deterrence
    on NATO’s eastern flank. The two officials also exchanged views regarding the
    upcoming NATO summit of December 2019 in London.


    BREXIT – European Council President Donald Tusk has
    recommended EU Member States to accept a new delay of Brexit, following the
    decision of British Prime Minister to stall Parliament’s vote on the Brexit
    deal negotiated with the EU. Johnson yesterday said he would suspend
    legislation on Brexit, after British MPs earlier that day rejected the
    three-day timetable for adopting the deal, which the Prime Minister had
    submitted to Parliament for examination. The very short time required to
    examine the legislation seems to push for an adoption of Brexit legislation,
    ahead of Britain’s scheduled withdrawal from the community bloc on October 31. John
    on Saturday sent a letter of request to Brussels, calling for a delay of
    Brexit. The document was accompanied by another letter that stating the
    opposite, as a result of Britain’s all-or-nothing commitment to leave the EU
    by the end of October.


    FOOTBALL – Romania’s champions CFR
    Cluj on Thursday are playing Rennes of France in Europa League Group E. In the
    first two matches in the group phase, CFR won 2-1 at home against Lazio Rome
    and lost nil-2 to Celtic Glasgow away from home. Celtic ranks first with 4
    points, followed by CFR with 3 points, Lazio with 3 points and Rennes with 1
    point.


    (translated
    by V. Palcu)