IMF -
\nThe delegation of IMF officials today presented the conclusions of their annual
\nassessment of Romania’s economy. IMF experts argue that, while Romania’s
\nconsumption-based economic growth remains strong, contributing to reducing development
\ngaps, macroeconomic imbalances have deepened, while the current account and fiscal
\ndeficits have gone up, together with inflation pressure. The head of the IMF
\ndelegation to Romania Jaewoo Lee pointed out that unless policies are changed,
\nprogress in the field of convergence will be affected, with pensioners and poor
\npeople feeling the effects. The IMF official said a more balanced mix of
\npolicies is needed, that should start with fiscal consolidation, strengthening monetary
\npolicy and greater flexibility for the exchange rate, in addition to increased predictability
\nand improved governance. Right now Romania has no ongoing agreement with the
\nIMF, although the Fund is every year monitoring the evolution of Romanian
\neconomy. International financial institutions estimate Romania’s economy will
\nreport an economic growth below 4% in 2019. <\/p>\n
<\/p>\n
JHA -
\nRomanian Interior Minister Carmen Dan is today chairing the Justice and Home
\nAffairs Council meeting in Luxembourg, held on the sidelines of the Romanian
\nPresidency of the Council of the European Union. In the home affairs section
\nthe Council will propose concrete measures to manage migration, including the
\nadoption of regulations for the creation of the Migration and Asylum Fund.
\nRegarding the Schengen accession of Romania and Bulgaria, Minister Dan said
\nthere is consensus at the level of the JHA. Also today, Minister Dan is
\nattending the signing of the new Europol- FRONTEX joint action plan, in the
\npresence of Europol executive director Catherine de Bolle, FRONTEX executive
\ndirector Fabrice Leggeri and EU Commissioners Dimitris Avramopoulos and Julian
\nKing.<\/p>\n
<\/p>\n<\/p>\n
UN – Foreign
\nMinister Teodor Melescanu is today taking part in the round of election on the
\nsidelines of the UN Security Council, where Romania is running for a
\nnon-permanent seat in the 2020-2021 tenure. The UN General Assembly is today
\nelecting by secret vote the five new non-permanent members of the Security
\nCouncil. The Security Council consists of 15 member countries and is the
\nstrongest UN body and the only one to sanction warfare actions at global level.
\nIt comprises five permanent members with veto rights: the United States,
\nRussia, China, France and Great Britain, and another 10 members elected for two
\nyears and who are replaced by countries from the same geographic region upon
\nthe expiry of their term in office. Next year another 5 members will be
\nelected, two from Africa, one from the Asia-Pacific region, one from Latin
\nAmerica and the Caribbean and one from Eastern Europe. To earn a seat in the UN
\nSecurity Council, a country must gather the support of two thirds of General
\nAssembly members, tantamount to 129 of the total 193 votes in the General
\nAssembly. <\/p>\n
<\/p>\n
BREXIT -
\nTheresa May is today expected to officially resign as leader of the
\nConservative Party and as British Prime Minister after her failure to persuade
\nthe Chamber of Commons to vote the Brexit agreement with the European Union,
\nwhich led to postponing Brexit until October 31. May will continue to serve as
\nPrime Minister until her replacement is appointed by the end of July, the
\nConservative Party has announced. The official campaign for appointing a new
\nPrime Minister will start on Monday. A total of 11 Conservative candidates are
\nvying to become UK’s next Prime Minister. <\/p>\n
<\/p>\n
FOOTBALL – Romania’s national
\nfootball team is today playing Norway away from home in the 2020 European
\nChampionship preliminaries. On Monday, Romania will play Malta, also away from
\nhome. In the first two games in March, Romania lost to Sweden 1-2 away from
\nhome and won 4-1 against the Faeroe Islands at home. The first two teams in
\neach group will advance to the final tournament. The draw for the 2020
\nchampionship will take place in Bucharest on November 30. Romania’s capital
\ncity will host four matches, three in the group phase and one in the round of
\n16. We recall Romania’s under-21 team will this month play in the European
\nUnder-21 Championship in Italy and San Marino in Group C, alongside England,
\nFrance and Croatia.
(Translated by V. Palcu)<\/p>\n","protected":false},"excerpt":{"rendered":"
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