February 17, 2019 UPDATE
A roundup of domestic and international news
Newsroom, 17.02.2019, 18:50
COUNCIL – On Monday, in Brussels, the Romanian Economy Minister Niculae Badalau will chair the first meeting of the Competitiveness Council (COMPET) held under the Romanian Presidency of the Council of the EU. The meeting will host an exchange of opinions regarding the process that would provide an overall image of the single market and a public debate on the impact of artificial intelligence on the EU industry. For the first time, the Council will adopt conclusions regarding the promotion of artificial intelligence development and use.
EBRD – The Romanian Finance Minister Eugen Teodorovici has been elected Vice-President of the European Bank for Reconstruction and Development (EBRD), for a term that starts in May and ends in 2020. Teodorovici has obtained one of the two offices of vice-president, alongside the Lithuanian Finance Minister. The new president-elect of the board of governors will be the Spanish Finance Minister. Romania, through minister Teodorovici, is holding both the presidency of the Economic and Financial Affairs Council and of the board of governos of the European Investment Bank, under the Romanian presidency of the Council of the EU.
BANK TAX – The chief economist of the National Bank of Romania, Valentin Lazea, says that the tax on bank assets, imposed under an ordinance passed recently by the Romanian leftist government, might bring the profitability of the banking sector in Romania below the European average. Lazea believes that, if this happens, some banks might decide to leave the country. As regards authorities intention to diminish or redefine ROBOR, the Romanian Interbank Offer Rate, the central bank chief economist believes that this will not prevent banks from resorting to measures that would allow them to keep a certain level of their already diminished profitability. According to Lazea, Romania has to choose between a powerful and profitable banking sector, a provider of capital for investments, or a weak one, which only fuels consumption, and not development.
FAC – On Monday, the Romanian Foreign Minister Teodor Melescanu will attend the Foreign Affairs Council in Brussels. The agenda of the EU foreign ministers meeting will include current issues such as Ukraine, Syria, the Horn of Africa and Venezuela, according to a release issued by the Romanian Foreign Ministry in Bucharest. On the sidelines of the meeting, the Romanian foreign minister will attend a working brunch on Ukraine, organized by his Danish counterpart Anders Samuelsen, with the Ukrainian foreign minister Pavlo Klimkin as the main guest .
EMPLOYMENT – More than 10,000 notices of employment or posting were issued last year for foreigners coming to Romania to work, mostly from Vietnam, Turkey, Sri Lanka and China. According to the General Inspectorate for Immigration, more than 120,000 foreign citizens were registered in Romania at the end of last year, more than half of them from non-EU countries. For this year, the Romanian Government has approved a contingent of 20,000 workers newly admitted on the Romanian labour market. According to authorities, the decision was made taking into consideration Romanias economic development potential and the need to provide the necessary workforce for certain sectors of the economy and also to prevent illegal labour.
BERLINALE – The short reel Blue Boy, produced by the Argentinean Manuel Abramovich, with the Romanians Catalin Cristutiu as film editor and Bogdan Georgescu as creative producer, has received the Golden Bear for best short reel at the 69th Berlin International Film Festival. The feature film Monsters, directed by the Romanian Marius Olteanu has received the Tagesspiegel Readers Jury award. The film is Marius Olteanus debut film, and was selected for the Forum section, dubbed the most daring section of the festival. It tells the story of two young people, married for eight years. The film follows them 24 hours, exploring the way in which a string of events and encounters pushes them towards the end of their relationship. The Golden Bear went to the film Synonymes by the Israeli director Nadav Lapid. In 2018, the best film award was won by Touch me not, by the Romanian Adina Pintilie, which also got the award for best debut.
TENNIS – On Monday, the Romanian tennis player Simona Halep will climb to the second position in the WTA rankings, despite the match she lost on Saturday to the Belgian Elise Mertens, in the final of the Doha tournament. Halep lost her no.1 position after the Australian Open, falling to no 3. Next she will take part in the WTA tournament in Dubai, with 2.828.000 dollars in prize money. Another Romanian player, Mihaela Buzarnescu, will also take part in the Dubai tournament in the United Arab Emirates. In another development, on Sunday, the mens pair made up of the Romanian Horia Tecau and the Dutch Jean Julien Rojer lost the final in Rotterdam, the Netherlands, to the pair Jeremy Chardy (France)/Henri Kontinen (Finland).
