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September 30, 2017 UPDATE

Electricity, natural gas and fuel will be more expensive in Romania as of October 1st.

September 30, 2017 UPDATE
September 30, 2017 UPDATE

, 30.09.2017, 18:15

VISIT – The United States is probing North Korea to see whether it is interested in dialogue and has multiple direct channels of communication with Pyongyang, U.S. Secretary of State Rex Tillerson said on Saturday. Tillerson met with Chinese President Xi Jinping and his counterpart Wang Yi. In China, the US official also prepares President Trump’s planned visit to the region. In the last few months the Trump administration has publicly accused China, Pyongyang’s main ally, of not putting enough pressure on its North-Korean neighbour to give up its nuclear ambitions. On Thursday, the Chinese minister of trade announced that China ordered North Korean companies in the country to shut down by January as it applies UN sanctions imposed following Pyongyangs sixth nuclear test. The announcement came days after China confirmed that it would apply another major part of the sanctions – a limit on exports of refined petroleum products to North Korea starting October 1 and a ban on textiles from its neighbour.




ENERGY – Electricity prices in Romania will increase by an average of 0.75 Euros/ 100 kilowatts as of October 1st, the National Energy Regulatory Authority, ANRE, has announced. ANRE also says that natural gas prices for domestic consumers may increase by 6%, also as of October 1st. Fuel excise will also go up starting October 1st for the second time in two weeks. Consequently, most services and products, food in particular, will become more expensive.




SUMMIT — The European Council President Donald Tusk will hold consultations over the next two weeks with all member states on initiatives to reform the European Union after Brexit. The announcement was made after the summit in Tallinn, Estonia, where the heads of state and government voiced disappointment with the slow pace of the Brexit negotiations. Talks were held on the sidelines of the Digital Summit focusing on digital economy and society, attended by EU heads of state and government. Leaders discussed the Commissions recent proposals for strengthening the EU’s cybersecurity and setting out measures towards a fair taxation of the digital economy. The latest cyber attacks on Europe have triggered economic problems, which have in turn led to significant financial losses, Romanian President Klaus Iohannis said during his speech at the informal European Council digital summit. The president said that, without a common and fast intervention at European level, cyber attacks might severely affect the Unions economy and security.




GOVERNMENT – Romanian Prime Minister Mihai Tudose discussed on Sunday with a delegation headed by Karl-Heinz Lambertz, the president of the European Committee of the Regions. According to a government release, the meeting’s agenda included topics such as the importance of the European cohesion policy for Romania and drawing funds through financing programmes for regional development and cohesion. Also discussed were the major challenges facing Europe, such as migration, security issues and the need to put in line the stipulations of the Stability Pact with the regions’ needs for development and investment.




INVICTUS GAMES — Romania, having taken part for first time in the Invictus Games in Toronto, Canada, scooped a number of medals and prizes. Thus, two Romanians, major Laurentiu Serban and lieutenant Ciprian Iriciuc won bronze in the indoor rowing competition, while the team made up of Ionut Butoi, Dorin Petru and Nicusor Pegulescu won gold in the archery final. Ionut Butoi also won silver in the individual archery final. The Invictus Games is the only sporting event for wounded, injured and sick servicemen and women. Invictus Team Romania is made up of 15 soldiers wounded in theatres of operations in Afghanistan and Iraq.




GOLD MEDAL – The Romanian lightweight women’s double-sculls crew, made up of Ionela Livia Lehaci and Gianina Elena Beleaga won gold on Sunday at the World Rowing Championships, hosted by Sarasota — Brandenton, the United States. Romania has a total of six crews enrolled in the competition. (Translated by Elena Enache)


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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