G7
\nLeaders of the world’s seven most developed countries are expected to endorse a
\nproposal by US president Joe Biden for a global minimum corporate tax of at
\nleast 15%, the White House has announced. The Global Minimum Tax plan, also
\nknown as GMT, would effectively put an end to the practice of global
\ncorporations seeking out low-tax jurisdiction to move their headquarters to,
\neven though their customers, operations and executives are located elsewhere. A
\ndecision on the GMT is going to be officially made during the G 7 summit, which
\nkicked off in Cornwall, the UK, on Friday. The summit of G7 countries whose
\neconomies account for 40% of the global economy has an ambitious agenda.
\nLeaders from the United States, France, the UK, Germany, Canada, Japan and
\nItaly plus the EU leaders are trying to find solutions to global issues, such
\nas vaccine supplies for the entire planet, solutions to the present economic
\ncrisis as well as ways to fight the global warming. Britain announced a
\ndonation of over 100 million vaccine doses to the poor countries while the USA
\nis going to donate 500 million doses to 100 developing countries. <\/p>\n
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COVID-19 The number of Covid-19 infections in Romania is still low with 127
\nnew cases reported on Saturday. 5 new Covid-related fatalities have been
\nreported in the past 24 hours and 236 patients are in intensive care. The
\nvaccine rollout continues at a lower pace though with only 41 thousand doses
\nadministered in the past 24 hours. Since the vaccine rollout kicked off in
\nRomania in late December, over 4 million people have been fully vaccinated. <\/p>\n
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RELAXATION New relaxation measures were imposed in Romania on Friday night
\nwhen the state of alert across the country had been extended for another month.
\nSo, indoor private events can be attended by 200 people in regions with an
\ninfection rate below 3 per thousand only if the participants are all
\nvaccinated, tested negative for the virus or already had the disease. Outdoor
\nevents may have an attendance up to the maximum capacity of the facility
\nhosting the event. In Bucharest mask mandates are still in place around schools
\nas well as indoor or crowded outdoor facilities. <\/p>\n
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PNRR The European Commission has started assessing the recovery plans
\nit has received from the member countries willing to access funds from the
\nEuropean recovery plan. The Commission has made a series of observations and
\ncalled for additional information after it received the recovery and resilience
\nplan made by Romania. The European Commission has two months to assess the
\nnational recovery plans, one of the main conditions being that the applicants earmark
\nat least 37% to ecological transition and 20 % to the digital sector.
\nEducation, healthcare, transport and infrastructure as well as digitization and
\npublic administration reforms are the main domains the National Plan of
\nRecovery and Resilience (PNRR) focuses on and where Romania pledges to invest
\nall the roughly 30 million Euros it is going to attract. All investment must be completed by 2026. <\/p>\n
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WEATHER Romanian meteorologists have issued a
\nyellow alert for unsettled weather all over the country. Rain showers,
\nthunderstorms and hail are expected in almost all regions. Temperatures are
\nranging between 20 and 29 degrees Celsius with a noon reading in Bucharest of
\n24 degrees. Flood alerts have been issued for 15 counties until Monday at noon.
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(bill)<\/p>\n
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<\/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":[35374,29100,33721,35416,36165,35476],"coauthors":[],"class_list":["post-105145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsflash","tag-covid-19","tag-g7","tag-investment","tag-pandemic","tag-pnrr","tag-recovery"],"acf":[],"yoast_head":"\n