October 4, 2016 UPDATE

Romania to have highest economic growth rate in EU in 2016, IMF says

Newsroom, 04.10.2016, 12:05

ECONOMIC GROWTH – The International Monetary Fund has updated its estimates on Romanias economic growth rate from 4.2% in April to 5% in its latest report, released on Tuesday. According to the IMF forecast, this year Romania will have the highest economic growth rate in Europe, followed by Ireland with 4.9%. IMF experts warn that this years peak growth will be followed by a slow-down to 3.8% in 2017, slightly over the 3.6% rate estimated in April, but even so, next year as well Romania is expected to see the highest growth pace in Europe.

COUNTRY PROJECT – The country project will be a strategic document, a “brief, clear, easy to understand text outlining the broad directions of development for Romania, President Klaus Iohannis said on Tuesday, at the end of the first meeting of the Presidential Committee tasked with drawing up the project. President Iohannis came up with the idea of setting up this task force after consultations with political leaders regarding Brexit revealed the need for a country project in the new European context. The committee, made up of two representatives of each parliamentary party and a representative of the government, is coordinated by two presidential advisers. Eleven specialists in various expert fields, well connected to European realities, are also part of the committee.

TENNIS – The Romanian Simona Halep (no. 5 WTA), seeded fourth, Tuesday qualified into the eighth-finals of the WTA tournament in Beijing, after defeating the Belgian Yanina Wickmayer (no. 56 WTA), 6-2, 6-2. Halep and Wickmayer had played 4 other times against each other, with the Belgian player winning three of the games. China Open has 5.4 million USD in total prize money.