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January 31, 2023

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NEWSFLASH
NEWSFLASH

, 31.01.2023, 13:55

BUDGET In 2022 Romania saw a budget deficit
of roughly EUR 16.5 bln, nearly 1% smaller than in the previous year. According
to the finance ministry, the deficit dropped from 6.73% to 5.68% of GDP. Revenues
amounted to approx.. EUR 94 bln, up 21% since 2021, fuelled by the VAT rise,
growing EU funding and revenues in the energy sector. Expenditure exceeded EUR
110 bln, down 0.8% since the previous year.


DIPLOMACY Lithuania firmly
supports Romania’s Schengen accession and
voices willingness to carry on an active dialogue with the other EU partners in
this respect, especially in today’s extremely difficult security context, the
Lithuanian foreign minister, Gabrielius Landsbergis told his Romanian
counterpart, Bogdan Aurescu, in a telephone discussion. The talks were held as
Romania is set to resume this year its participation in the air policing
missions in the Baltic Sea region. The 2 officials praised the very good
bilateral relations and the efficient coordination as part of the EU, NATO and
regional projects such as the Three Seas Initiative and The Bucharest Nine.


CORRUPTION The former manager of Romania’s national football team, Victor Piţurcă, has
today left the Bucharest Police Detention Centre, where he was held for 24 hours by
anti-corruption prosecutors in an influence peddling investigation. According
to judicial sources, Victor Piţurcă was placed under court supervision, and prosecutors
also initiated criminal proceedings against his son, Alexandru. The case
concerns the procurement of non-compliant production lines and the sale of face
masks to the Defence Ministry during the Covid-19 pandemic.Gabriel
Ţuţu, the head of military producer and exporter Romarm, was also involved in
the operation.


GOVERNMENT The government of Romania is to pass today a
bill authorising 2 loans from the European Investment Bank. The nearly EUR 294
mln will be used for investments, upgrade and rehabilitation works in 26 hospitals in Romania. Another bill on today’s agenda
provides for up to 50% increases of the monthly allowances paid to the county
council chairpersons and deputies and to the mayors and deputy mayors of the
administrative units that implement projects financed from non-reimbursable EU
funds, foreign loans and under the Recovery and Resilience Mechanism. The
government is also to amend an order regulating energy subsidies and other
support measures for vulnerable citizens.


NATO NATO will continue to strengthen its partnership
with Japan amid the ongoing war in Ukraine, NATO Secretary-General Jens
Stoltenberg said on Tuesday during a visit to Japan, where he had a meeting
with Prime Minister Fumio Kishida. Jens Stoltenberg’s tour, which included a
stop in South Korea, is designed to strengthen ties with the Asian allies in
the context of the war in Ukraine and rising competition with China. In an
address in Seoul, the NATO official called on South Korea to increase its military
support to Ukraine.


KOREA Also in Seoul, the US defence secretary Lloyd
Austin and his South-Korean counterpart, Lee Jong-sup, promised to extend the
scope of the 2 countries’ joint military exercises, in a move by Washington to
reassure its Asian ally of its support amid growing threats from North Korea. Tensions
in the Korean Peninsula deepened in 2022, following North Korea’s frequent
military tests, including launches of intercontinental ballistic missiles. (AMP)

February 16, 2026 UPDATE
Newsflash Monday, 16 February 2026

February 16, 2026 UPDATE

Government. The bills on the public administration reform and the economic recovery package have been finalised and will be adopted by emergency...

February 16, 2026 UPDATE
Newsflash
Newsflash Monday, 16 February 2026

February 16, 2026

Government. The four-party coalition government in Bucharest intends to adopt this week, most likely on Thursday, the public administration reform...

February 16, 2026
February 15, 2026 UPDATE
Newsflash Sunday, 15 February 2026

February 15, 2026 UPDATE

PEACE Romania’s President, Nicusor Dan, has announced his intention to participate in the first proceedings of the Board of Peace in Washington...

February 15, 2026 UPDATE
Newsflash
Newsflash Sunday, 15 February 2026

February 15, 2026

RATING Fitch rating agency has affirmed Romania’s Long-Term Foreign-Currency Issuer Default Rating at BBB- with a negative outlook. According to...

February 15, 2026
Newsflash Saturday, 14 February 2026

February 14, 2026 UPDATE

Rating. Fitch Ratings on Friday affirmed Romania’s sovereign rating at ‘BBB-‘ with a Negative Outlook, the agency said in a...

February 14, 2026 UPDATE
Newsflash Saturday, 14 February 2026

February 14, 2026

Rating. Fitch Ratings on Friday affirmed Romania’s sovereign rating at ‘BBB-‘ with a Negative Outlook, the agency said in a...

February 14, 2026
Newsflash Friday, 13 February 2026

February 13, 2026 UPDATE

Romania’s economy is in technical recession, INS warns Romania’s economy grew by 0.6% in 2025, but was in technical recession at the end of the...

February 13, 2026 UPDATE
Newsflash Friday, 13 February 2026

February 13, 2026

Economy. Romania’s economy grew by 0.6% in 2025, but was in technical recession at the end of the year, after its GDP fell two quarters in a...

February 13, 2026

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