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November 9, 2022

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Newsflash
Newsflash

, 09.11.2022, 13:55

ENERGY Romania’s ruling coalition
convenes today in an attempt to reach consensus with respect to regulating
energy prices and increasing pensions. The Social Democratic Party and the
National Liberal Party are struggling to reach common ground on these major
issues. While the Social Democrats plead for a regulated energy market, the
Liberals favour a semi regulated market. As for public pensions, the Liberals
want a 15% increase, whereas the Social Democrats would like smaller pension
benefits to be increased by a higher percentage. Meanwhile, on Tuesday the
Chamber of Deputies passed a law on the decarbonisation of the energy sector.
Also on Tuesday, Deputies approved the sale of the country’s uranium
concentrate reserve to the Nuclearelectrica national corporation. Both
laws will be forwarded to president Klaus Iohanis for promulgation.


ELECTIONS The Republicans are set to
win the US House of Representatives majority following Tuesday’s midterm
elections. In the Senate, the race is still tight, with voting on-going in the
western states. According to CBS News, the Republicans won 198 seats and
the Democrats 167 seats in the House of Representatives, but ballot counting
continues. The shift in the House majority will significantly affect president
Joe Biden’s agenda in the second half of his term in office, including the US
approach of the situation in Ukraine, Radio Romania’s correspondent in
Washington reports. Final election results may still take days or even weeks to
be announced, given the differences in ballot counting systems and possible
court proceedings in the states with more competitive races.


AWARD The European Parliament last
night awarded its 2022 European Citizen’s prizes. The 30 winners include the
Save the Children Romania organisation, for its assistance to the children in
Ukraine. Since the start of the war in Ukraine, the Save the Children
organisation has provided basic food products, hygiene, clothing, footwear,
children’s products, blankets and other immediate assistance products.It has responded to the acute needs
of immediate humanitarian assistance, information and emotional support, both
at the border and in the centres where refugee mothers and children are housed.
Awarded every year, the European Citizen’s prize goes to projects organised by
people or organisations that encourage mutual understanding between people in
the EU, cross-border cooperation that builds a stronger European spirit and EU
values and fundamental rights.


NATO The meeting of NATO foreign ministers in
Bucharest on November 29th and 30th confirms Romania’s
role in the current security context and reflects the Allies’ interest in the
region. The statement was made by Romania’s permanent representative to NATO,
Dan Neculăescu. He mentioned that Romania hosted a summit in 2008, a
meeting of NATO defence ministers and a meeting of the NATO Military Committee,
the organisation’s highest military authority. The meeting of foreign ministers
in late November will be the first of this kind ever hosted by Romania. It will
include 4 sessions focusing on the implementation of the Madrid Summit
decisions, the war in Ukraine, energy security and partners. Invited to attend
the meeting are also Ukraine, the R. of Moldova, Georgia, Finland, Sweden and
Bosnia.


MILITARY The French Army is sending
13 Leclerc tanks to the Cincu military base in Romania. The equipment is
scheduled to reach the military base in central Romania by rail in about a week.
The Leclerc is one of the most
expensive tanks in the world, able to hit targets 4 km away while moving at 50
kmph. France will send to Cincu a total of nearly 150 combat vehicles with
complete equipment and ammunition, in order to reinforce NATO’s eastern flank
in the context of the war in Ukraine. The NATO battle group in Romania was
created in May and is spearheaded by France. (AMP)

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
February 14, 2026 UPDATE
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
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
Newsflash Thursday, 12 February 2026

February 12, 2026 UPDATE

European Council meeting – The President of Romania, Nicuşor Dan, participated on Thursday at the Alden Biesen Castle in Belgium, in an...

February 12, 2026 UPDATE
Newsflash Thursday, 12 February 2026

February 12, 2026

Nicușor Dan at the informal European Council meeting Romania’s President, Nicușor Dan, is attending an informal meeting of the European Council...

February 12, 2026

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