{"id":101677,"date":"2017-02-10T19:45:00","date_gmt":"2017-02-10T17:45:00","guid":{"rendered":"http:\/\/devrri.freshlemon.ro\/news-and-current-affairs\/newsflash\/10-february-2017-update-101677.html"},"modified":"2024-02-15T20:04:41","modified_gmt":"2024-02-15T18:04:41","slug":"10-february-2017-update","status":"publish","type":"post","link":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/newsflash\/10-february-2017-update-id101677.html","title":{"rendered":"10 February 2017, UPDATE"},"content":{"rendered":"<\/p>\n

Justice. <\/strong>Romania’s President, Klaus
\nIohannis has accepted the nomination of the minister delegate for European
\naffairs Ana Birchall for the position of interim justice minister. The former
\noccupant of the post, Florin
\nIordache, on Thursday tendered his resignation, but said all initiatives he had
\ntaken were legal and constitutional. His resignation was hailed by the
\nopposition parties. We recall that Romania’s left-wing government issued an
\nemergency decree to adopt the changes to the criminal law proposed by Iordache.
\nThe decree, which came under criticism from the country’s main judicial
\ninstitutions and its EU and NATO partners, has in the meantime been scrapped,
\nbut protests continued on Friday for the 11th day in a row in
\nBucharest. Also on Friday, the supporters of the government protested for the 6th
\nconsecutive day in front of the president’s office, demanding his resignation. <\/p>\n

<\/p>\n


\n
\n
\n <\/p>\n

Economy.<\/strong> The governor of the National Bank of Romania Mugur Isarescu has again
\nwarned that internal political instability and tensions will affect Romania’s
\nmonetary, financial and even macro-economic stability. The protests staged in
\nrecent days generated by a government decree to amend the criminal law will
\nhave an impact on monetary and financial stability, which will also affect the
\ncountry’s economic growth this year, the Central Bank governor warned on
\nThursday. He said the bank’s economic growth rate forecast for this year is
\nbetween 4 and 5% of the GDP. The figure proposed by the National Forecast
\nCommission for this year is more optimistic than that of the Central Bank’s
\ngovernor and stands at 5.2%. <\/p>\n

<\/p>\n


\n
\n
\n <\/p>\n

Minimum wage.<\/strong>
\nOn the 1st of January 2017, Bulgaria and Romania had the lowest
\nminimum wage in the European Union with 235 and 275 euros per month, respectively,
\naccording to data published by Eurostat on Friday. 22 of the EU’s 28 member
\nstates have a minimum wage, unlike Denmark, Italy, Cyprus, Austria, Finland and
\nSweden. The EU countries with the highest minimum wage levels are Luxembourg (1999 euros), Ireland (1563
\neuros), Holland (1552 euros), Belgium (1532 euros) and Germany
\n(1498). According
\nto Eurostat, the minimum wage went up in 2017 compared with 2008 in all member
\nstates with the exception of Greece, where it decreased by 14%. The biggest increase
\nhas been registered in Bulgaria and Romania, where the minimum wage has
\ndoubled. <\/p>\n

<\/p>\n


\n
\n
\n <\/p>\n

New entity.<\/strong> Romania’s coalition government made up of
\nthe Social Democratic Party and the Alliance of Liberals and Democrats on
\nThursday adopted a memorandum on the creation of the Sovereign Fund for
\nDevelopment and Investment, a huge entity bringing together some 200 of the
\nmost profitable state-owned companies. Economy minister Alexandru Petrescu has
\nexplained that the Fund will be a partner for institutional investors such as
\nthe European Bank for Reconstruction and Development, the European Investment
\nBank, the World Bank and investment funds, as well as private investors. <\/p>\n

<\/p>\n


\n
\n
\n <\/p>\n

Turkey.<\/strong> Turkish president Recep
\nTayyip Erdo\u011fan on
\nFriday approved a constitutional reform bill meant to increase his powers that
\nwill be put to a referendum in April. The bill, passed last month by
\nParliament, aims to replace the current parliamentary system with an executive
\npresidential system. It would allow the head of state to appoint and revoke
\nministers, issue decrees and declare emergency rule. The position of prime
\nminister would be scrapped and instead a new post of vice president, possibly
\neven more, would be created. Erdogan says the reform, which would allow him to
\nstay in office until 2029 at the earliest, is necessary to guarantee stability in
\nTurkey, a NATO and EU accession candidate country that has been facing un
\nunprecedented wave of attacks and economic problems. <\/p>\n

<\/p>\n


\n
\n
\n <\/p>\n

Fed Cup.<\/strong> Romania faces Belgium this weekend in the Fed Cup as part of the first
\nround of World Group 2. In the two singles matches on Saturday, world no. 36
\nMonica Niculescu plays against world no. 74 Kirsten Flipkens, while world no. 62 Sorana Cirstea faces world no.
\n60 Yanina
\nWickmayer. On Sunday, Niculescu meets Wickmayer and Cirstea meets Flipkens.
\nIn the doubles match, the Romanian pair Irina Begu, world no. 29, and Patricia
\nTig, world no. 106, faces the Belgian pair Elise Mertens, world no. 83 and
\nMaryna Zanevska, world no. 123. Romania’s highest ranked player and world
\nno. 4 Simona Halep is unable to play because of an injury. Fed Cup is the premier
\ninternational team competition in women’s tennis. <\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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