August 27, 2025 UPDATE (1)
A roundup of local and world news
Newsroom, 27.08.2025, 17:36
COMMEMORATION – Romania will remain a steadfast supporter of the ideals of the Republic of Moldova and of Romanians across the Prut, Prime Minister Ilie Bolojan said on Wednesday, in a message marking the 34th anniversary of the proclamation of Moldova’s independence. “The unique bond of language, culture, history and traditions has fueled into a friendship and solidarity between our states. Romania’s firm, concrete and multidimensional support for the European path of the Republic of Moldova is, therefore, a natural step in our fraternal relationship”, the Prime Minister added. In order to reassert support offered by Brussels to the Republic of Moldova, French President Emmanuel Macron, German Chancellor Friedrich Merz and Polish Prime Minister Donald Tusk arrived in Chișinău on Wednesday. The visit confirms yet again that Moldova remains on the agenda of European states, political analysts say. The ceremonies started in the morning with floral tributes at the monument to ruler Stephen the Great in the center of the Moldovan capital, the place where, in the late 1980s, Bessarabians gathered to reclaim their national and political rights. Among those who paid tribute to those who fell in the 1992 Dniester War against Transnistrian separatists and Russian troops was the president of Moldova, Maia Sandu. She recalled the challenges that the Republic of Moldova is currently facing, especially external interference in democratic processes, given that, on the left bank of the Prut, parliamentary elections are scheduled for September 28.
RATING – A delegation of Moody’s Rating Agency is in Bucharest, where it met with Romanian Prime Minister Ilie Bolojan. Romania is experiencing a budget crisis that can be overcome through a coherent set of package of measures, the Romanian official told the agency’s representatives. The measures aim to reduce state spending, increase budget revenues, and prioritize public investments, the Prime Minister explained. Other reforms will follow aimed at ensuring better financing of investments, as well as correcting existing inequities, Ilie Bolojan said. According to the calendar published on the Moody’s website, the Agency is expected to make a new assessment of Romania’s rating in September. Currently, our country is rated Baa3 with a negative outlook, the lowest level in the category of ratings considered safe for investments. (VP)
