December 14, 2024
A roundup of local and world news
Newsroom, 14.12.2024, 13:55
NEGOTIATIONS In Bucharest, negotiations on a future coalition of the pro-European parties in Parliament have made progress with respect to the structure of the new government. The Social Democratic Party will control 7 ministries, the National Liberal Party 4, Save Romania Union 3, and the Democratic Union of Ethnic Hungarians in Romania 2, said the Social Democrats’ senior vice-president Sorin Grindeanu. It has not yet been decided which ministries will go to each party and the names of the new ministers. On the other hand, the Social Democrats and the Democratic Union of Ethnic Hungarians plead for a single presidential candidate of the coalition. After the Constitutional Court cancelled the election for president, the future executive will have to decide by the end of the year on a new presidential election calendar, the UDMR believes. The pro-European parties elected in Parliament hope to come up with a cabinet by Christmas.
EU FUNDING Romania has collected EUR 1.9 billion in EU structural and cohesion funds in 2021-2027, and the overall absorption rate, 6.11%, is close to the EU average of 6.19%, the minister of investments and European projects, Adrian Câciu announced. The absorption rate for the structural and cohesion funds under centrally managed programmes is higher, namely 7.3%, Caciu said in a Facebook post. He emphasised that Romania is yet to catch up on Regional Programmes, where the absorption rate is 3.2%, but he voiced confidence that the example set by the current coalition comprising the Social Democrats and the Liberals in terms of management and implementation of European funds, including decentralisation, will be followed by the new government, and the pace of EU fund absorption will be sustained, so as to replicate the success of the 2014-2020 period.
ECONOMY Romania’s trade deficit was EUR 5.5 billion higher in the first 10 months of the year than in the same period in 2023, according to data made public by the National Bank. More than half of this deficit is the result of growing imports of goods. The central bank also says that the total foreign debt went up over EUR 18 billion and exceeded EUR 186 billion. According to analysts, along with the very high budget deficit, these are the main problems of the Romanian economy, and they must be solved concurrently, which is very difficult. They believe that through a correct budget adjustment, expenses would be cut, and revenues could be raised by eliminating corruption and through a fair tax system.
ANNIVERSARY Timişoara marks 35 years since the anti-communist Revolution of December 1989, which broke out in this city in western Romania. Under the motto “35 years of freedom”, events dedicated to the 1989 heroes and celebrating the three and a half decades since Timişoara became the first city free from communism in Romania will take place between December 15 and 20. The agenda includes, as every year, religious services, wreath-laying, exhibitions and film screenings. A concert entitled Requiem in Memoriam is scheduled on Sunday at the Banat Philharmonic, Monday will see the inauguration of the Freedom Portal, a light installation that reproduces sounds from the Revolution, followed by the traditional march “Heroes Never Die”. Tuesday will be a day of mourning, and the events on December 20 will end with a concert called “Rock for revolution”.
IMPEACHMENT South Korea’s prime minister Han Duck-soo Saturday vowed to ensure a stable government after the National Assembly voted to impeach president Yoon Suk-yeol over his failed attempt to introduce martial law on December 3, AFP reports. Tens of thousands of protesters cheered outside the National Assembly building as the vote was announced. Citing difficulties in passing his budget, Yoon Suk-yeol stunned the country by imposing martial law overnight, but was forced to lift it 6 hours later under pressure from parliament and the street. Under investigation for mutiny, Yoon, 63, is banned from leaving the country, as are his former defence and interior ministers and the commander of the short-lived martial law. (AMP)
