S&P Standard
\nand Poor’s has maintained Romania’s rating in the category recommended for
\ninvestment. However its outlook remains negative with risks over the budget
\nbalance in the following 18 months in the absence of a political intervention
\nfor fiscal consolidation. One of the issues would be the pension rise in
\nSeptember the Finance Ministry in Bucharest has announced in a communique
\nhailing the agency’s decision. According to pundits, keeping the rating at BBB-
\nmeans the Romanian economy is not facing a severe crisis and for Finance
\nMinister Florin Citu, the agency’s decision confirms the fact that the
\ngovernment measures aimed at curbing the pandemic effects and ensure
\nsustainable public finances have been correct. International experts believe
\nthe economy will shrink by 5.5% this year. Romania has benefited from an
\ninvestment-friendly rating from S&P’s since 2014. <\/p>\n
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COVID-19 A possible second wave of the Covid
\npandemic will not have the same intensity as the first, Romania’s Health
\nMinister, Nelu Tataru says. He underlined that preparation measures must be
\ntaken, including the anti-flu vaccination of the vulnerable categories as well
\nas the proper supplies of medicine and equipment. The minister believes that if
\npeople comply with the prevention measures, the situation is going to normalize
\nin this country in late July or early August. Authorities in Romania have so
\nfar reported over 20,200 Covid infections, while more than 14,400 patients have
\nbeen cured and released from hospitals. The new coronavirus has killed 1318
\npeople in Romania as well as 114 out of the 31 hundred Romanian nationals
\nreported infected abroad. <\/p>\n
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POLICE Romania’s Interior Ministry has increased the number of police
\ntroops deployed during the Pentecost mini-holiday in this country. So roughly
\n21 thousand police, gendarme and firefighters have been deployed around the
\ncountry to ensure law and order during the holidays. Romania’s motorways will
\nbe monitored by 17 hundred road police with over 300 radar guns backed by
\nhelicopters from the General Aviation Inspectorate. Close to 52 hundred
\ngendarme troops have been deployed in the regions with a potential higher number
\nof visitors such as tourist resorts. More than 180 gendarmes from the mountain
\ncorps are expected to be present on various mountain routes. <\/p>\n
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HOLIDAY Orthodox and Greek-Catholic believers from all
\nover the world, including from Romania will be celebrating Pentecost on Sunday,
\nmarking the day when the Holy Spirit came down upon the 12 apostles enabling
\nthem to convey God’s message in foreign languages they had never spoken before.
\nOn the same day, upon Apostle Peter’s speech, almost 3,000 people embraced
\nChristianity, making up the first Christian community in Jerusalem, the nucleus
\nof the future Christian Church. Thousands of Romanians have taken to various resorts
\non the Prahova Valley, the Danube Delta and the Black Sea coast for this
\nholiday. <\/p>\n
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(translated by bill)<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Click here for a roundup of domestic and international news<\/p>\n","protected":false},"author":113,"featured_media":75903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[35374,32654,35563,35560,35561,35562,35431],"coauthors":[],"class_list":["post-104379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsflash","tag-covid-19","tag-finance","tag-florin","tag-nelu","tag-prahova","tag-standard","tag-tataru"],"acf":[],"yoast_head":"\n