IMF The International Monetary Fund
\nrecommends the Romanian authorities to kick off a process of sustainable fiscal
\nconsolidation to reassess the new pension law, which is to come into effect on
\nSunday and to improve management in state-owned companies. According to an IMF
\nreport, the Romanian economic growth would stay around 4% in 2019 and slow down
\nto 3% on medium term. According to the IMF, against the backdrop of raising
\nvulnerabilities the Romanian authorities need to capitalize on the present
\neconomic progress to kick off a sustainable process of fiscal consolidation. According
\nto estimates, Romania’s budget deficit will account for 3.7% of the GDP in 2019
\nunless additional measures are taken. Furthermore the IMF experts believe the
\nfresh pension law passed in June 2019 needs to be reassessed as it may
\njeopardize the fiscal sustainability. <\/p>\n
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FESTIVAL Between August 31st and
\nSeptember 22nd Bucharest will be playing venue for the 24th edition of the
\nGeorge Enescu International Festival, the biggest edition of this event so far.
\nThis edition’s central theme is ‘The world in Harmony’ and the festival’s
\nartistic director is Vladimir Jurowski. Bucharest and 10 other cities in
\nRomania and abroad in countries like Germany, France, Italy, Canada and the
\nRepublic of Moldova are also to be hosting events associated with this
\nprestigious international festival of classical music in honor of Romania’s
\ngreatest composer. The festival is expected to bring together 25 hundred of the
\nworld’s best musicians who will be performing in 84 concerts and recitals. 24
\nconcerts will be hosted by Romania’s major cities, Cluj-Napoca, Timisoara,
\nIasi, Sibiu, Targu Mures, Bacau, Barlad, Targoviste, Satu Mare and Piatra
\nNeamt. The 2019 edition of this festival is expected to include 34 premieres
\nand 25 first performances by artists like Marion Cotillard, Kiril Petrenko,
\nMitsuko Uchida as well as nine of the world’s best orchestras. Concerts and
\nrecitals have been grouped in six big sections: ‘Greatest World Orchestras’,
\n‘Midnight Concertos’, ‘Chamber Music Recitals and Concertos’, ’21st Century
\nMusic’, ‘Mozart Week in Residence’ and ‘The Composers International Forum’. The
\nfestival will also include conferences, book and album launches as well as
\nother events. <\/p>\n<\/p>\n
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LANGUAGE Cultural events staged
\nconcurrently in Romania, the Republic of Moldova and the Romanian communities
\nabroad are today marking the Romanian Language Day. The event, which was
\nendorsed by the Romanian Parliament in 2013, is held concurrently with the
\nnational celebration in the neighboring Republic of Moldova to honour the
\nnational awakening movement in the ex-soviet Romanian-speaking country. We
\nrecall that on August 31st 1989 during the Soviet Union, under the
\npressure of 750 thousand protesters, Parliament in Chisinau declared Romanian
\nas the country’s official language choosing the Latin alphabet instead of the
\nCyrillic one imposed by the Soviet invaders after the country’s annexation in
\n1940. <\/p>\n
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VISIT Maia Sandu, the pro-Western
\nPrime Minister of the neighboring Republic of Moldova (an ex-soviet
\nRomanian-speaking country), is paying a four-day visit to the United States for
\ntalks on ways of deepening the strategic bilateral dialogue. According to Radio
\nRomania correspondents in Chisinau, Sandu mentioned the visit’s most important
\nmoment is the meeting with Secretary of State Mike Pompeo but didn’t refer to the
\ntalks agenda. The Moldovan official is expected to also have talks with
\nofficials from the Department of Defense, the Central Intelligence Agency and
\nthe Millennium Challenge Corporation. Sandu’s visit to Washington had been
\npreceded by the visit the National Security Advisor John Bolton paid to
\nChisinau. Bolton said the USA supports the sovereignty and independence of the
\nRepublic of Moldova, which has to decide its future without influences from
\nabroad. Bolton also said that Washington supports the government’s efforts for
\nsettling the conflict in the breakaway pro-Russia region of Transdniester,
\nwhich had broken out of Chisinau’s control in 1992. <\/p>\n
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\n(translated by bill)<\/p>\n","protected":false},"excerpt":{"rendered":"
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