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October 26, 2024 UPDATE

A roundup of local and world news

Newsflash
Newsflash

, 26.10.2024, 20:00

 

NATURAL GAS Romania has become the EU’s largest natural gas producer, with an output of 2.3 billion cubic metres in Q2, the energy minister Sebastian Burduja announced. According to him, Romania has outperformed the Netherlands, which reported 2.2 billion cubic metres, and compared to last year Romania’s natural gas output was 1% higher. The energy minister also mentioned that during the same period Romanians benefited from the fourth-lowest gas price in Europe, according to Eurostat. As of 2027, Burduja added, Romania will practically double its gas output thanks to the deep-water natural gas drilled in the Black Sea. “We will see even better gas prices, we will attract even more investments in our economy and will help the entire region reduce its dependence on Russian gas,” he said.

 

 

MIDDLE EAST The European Union Saturday called on all parties to exercise utmost restraint to avoid an uncontrollable escalation in the Middle East, after Israel’s retaliatory attack against Iran, AFP reports. “The dangerous cycle of attacks and retaliations risks causing a further expansion of the regional conflict,” the EU warned. Gulf countries have condemned the recent Israeli strikes on Iranian military targets, and warned against possible ripple effects in the region. In turn, Washington called on Iran not to retaliate. Should Tehran choose to strike back, we will be prepared and there will be consequences, the US Administration said. Israel announced that its operations in Iran were over, after 3 rounds of attacks on military targets, particularly the defence system and arms production facilities. Iran says the strike was countered and that damages were limited. The international community had been anticipating this operation for about a month, as a response to Iran’s missile attack on October 1.

 

 

WINTER TIME Sunday is the longest day of the year in Romania, after switching to winter time on Saturday night, with clocks set one hour behind. The switch is aimed to save energy by aligning work hours with natural light hours. A public poll conducted by the European Commission a few years ago indicates that most Europeans are against the change. The EC considered eliminating the shift, but member states failed to agree on which of the times should be kept. A number of states have given up switches between winter and summer time, such as Mexico in 2022 and Turkey in 2016. Ukraine also decided that as of 2025 it will no longer switch to Daylight Saving Time.

 

 

AWARD The Romanian writer Ana Blandiana received the 2024 Princess of Asturias Award for Literature, in a ceremony hosted by Spain’s Royal Family at the Teatro Campoamor in Oviedo, the Romanian Cultural Institute announced on Saturday. The jury presented the award to Ana Blandiana, whose work reflects profound knowledge of the Romanian spirit during a historic period of oppression, while establishing hope and defeat as the guidelines of her literary undertaking. Ana Blandiana, the first Romanian writer to receive the award, said this was a confirmation of how her books were received in Spain and the result of the many reviews they had received, because in Spain more than in other countries, poetry is in the spotlight. Ana Blandiana, also a Doctor Honoris Causa of the University of Salamanca, saw as many as 11 of her books translated into Spanish. She has so far authored more than 30 works, translated into 25 languages, and has received many international awards.

 

 

TENNIS The Romanian tennis player Simona Halep takes on seed no. 6 Yue Yuan (China), in the first round of the WTA 250 tournament in Hong Kong. Apart from Halep, a former world leader and a wildcard in the Hong Kong tournament, Romania is also represented in the competition by Ana Bogdan, set to face Australia’s Kimberly Birrell in the first round. (AMP)

May 17, 2026 UPDATE
Newsflash Sunday, 17 May 2026

May 17, 2026 UPDATE

RATING Romania keeps its investment-recommended rating and authorities consider the decision a major vote of confidence for the economy. The...

May 17, 2026 UPDATE
Newsflash
Newsflash Sunday, 17 May 2026

May 17, 2026

RATING Romania keeps its investment-recommended rating and authorities consider the decision a major vote of confidence for the economy. The...

May 17, 2026
May 16, 2026 UPDATE
Newsflash Saturday, 16 May 2026

May 16, 2026 UPDATE

RATING S&P Global Ratings affirms Romania’s sovereign credit rating at BBB-/A-3 with a negative outlook one notch above the ‘junk’...

May 16, 2026 UPDATE
Newsflash
Newsflash Saturday, 16 May 2026

May 16, 2026

DELTA The Danube Delta and the main tourist spots in Tulcea county, south-eastern Romania are safe for tourists, in spite of the drone attacks close...

May 16, 2026
Newsflash Friday, 15 May 2026

May 15, 2026 UPDATE

BANK The board of Romania’s Central Bank (BNR) on Friday decided to maintain the monetary policy interest rate at the level of 6.50% a year, a...

May 15, 2026 UPDATE
Newsflash Friday, 15 May 2026

May 15, 2026

National Bank. The management of the National Bank of Romania is meeting today for its fourth monetary policy meeting this year. Experts expect that,...

May 15, 2026
Newsflash Thursday, 14 May 2026

May 14, 2026 UPDATE

Consultations with political parties, scheduled for Monday President Nicușor Dan will hold consultations with parliamentary parties over the...

May 14, 2026 UPDATE
Newsflash Thursday, 14 May 2026

May 14, 2026

Recession. Romania’s economy contracted by 0.2% in the first three months of this year compared to the previous quarter, the National Institute of...

May 14, 2026

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