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June 23, 2022 UPDATE

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Newsflash
Newsflash

, 23.06.2022, 20:00

FUEL
PRICES The ruling coalition has
reached an agreement regarding an offset mechanism for retail fuel prices.
After Thursday’s government meeting, PM Nicolae Ciuca announced that for the next
3 months, starting on the 1st of July, retail fuel prices will be 0.5 leu per
litre lower. Half of the offset package, which amounts to EUR 400 million, will
be covered from the state budget, and the balance by companies operating in
this sector. The mechanism will be regulated under a bill to be passed by the
government next week.


CORRUPTION The Romanian agriculture minister Adrian Chesnoiu announced
stepping down and withdrawing from the Social Democratic Party over a
corruption investigation. He asked the Chamber of Deputies to lift his
parliamentary immunity and claimed he had not committed any offence or act of
corruption. The National Anti-Corruption Directorate had previously requested
the Chamber of Deputies to lift Chesnoiu’s immunity, in order for him to be
prosecuted for abuse of office. Judicial sources told AGERPRES news agency on
Thursday that the investigation concerns the rigging of exams for filling
public positions.


BULGARIA In Bulgaria, the Liberal PM Kiril Petkov’s
cabinet was dismissed through a no-confidence vote, which pushes the country
into a new political crisis, after 3 rounds of elections held last year, AFP
and Reuters report. The coalition, formed in December after controversial
Boiko Borisov’s 10 years in power, broke up in early June over disagreements
concerning public spending and the country’s stand on North Macedonia’s EU
accession negotiations. President Rumen Radev will invite parliamentary parties
to negotiations for forming a new government. If they fail, Bulgaria’s
Parliament will be dismantled and new elections will be held.

MOLDOVA The
state of emergency introduced in the Republic of Moldova on 24th
February, following Russia’s invasion in Ukraine, was extended on Thursday by
another 45 days. The request was tabled to Parliament by PM Natalia Gavriliţa, with
a majority of 59 MPs voting in favour. The Opposition was against the measure,
accusing the government of incompetence, Radio Chişinău reports. According to
Moldova’s PM, the state of emergency had to be extended given the persistent
risks related to Moldova’s energy supplies, border security and the Ukrainian
refugee crisis.


MEDAL The Romanian David Popovici, 17, is the second swimmer in history
to have become world champion in the 200m and 100m freestyle events of the same
edition of a championship. The athlete has broken three world junior records in
the World Aquatics Championships underway in Budapest. Romania has another
representative in the competition, Robert Glinta, who will compete on Friday in
the 50 meter backstroke race. Glinta ended the 100m race on the eighth
position. Another two Romanian athletes, Angelica Muscalu and Constantin
Popovici, will be competing in the dive event of the competition. (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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