GRAIN EXPORTS – France’s Transport
\nMinister, Clement Beaune, has today announced the signing of an agreement with
\nRomanian authorities designed to boost the export of grain from Ukraine to
\ndeveloping countries, particularly in the Mediterranean. According to Reuters,
\nFrance is expected to help enhance the efficiency of the port of Gala\u021bi, modernize
\nborder crossing points in northern Romania, max out the effective use of grain
\nsilos in the port of Constan\u021ba and boost the operability of this port and on
\nthe Sulina Canal. Ukraine’s Agriculture Minister has recently estimated his
\ncountry’s grain exports could go up to 6.5 tons in October, which is double the
\nvolume reported in July after the gradual opening of Ukrainian ports in the
\nBlack Sea, based on the agreement signed in Istanbul. Russia’s president,
\nVladimir Putin, has recently criticized the fact that only a small part of
\nUkrainian grain will be exported to poor countries based on this agreement,
\naccounting for 2 of the 87 cargo ships that transported as much as 60 thousand
\ntons of grain. However, analysts with the British Defense Ministry have
\ndisproved Putin’s statement, citing data centralized by the UN, according to
\nwhich approximately 30% of Ukraine’s grain exports have reached low- and
\nmiddle-income countries in Africa, the Middle East and Asia. <\/p>\n
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SESSION – The European Parliament
\nstarts a new session today in Strasbourg. European Commission president, Ursula
\nvon der Leyen, will deliver her state of the union address, presenting the
\nimpact of the Commission’s activity in the last year and future plans for the
\ncommunity bloc, particularly those related to solidarity with Ukraine,
\nsanctions against Russia, energy security and curbing the EU’s reliance on
\nRussian fossil fuel, as well as the latest energy price hikes. President Von
\nder Leyen will also address the Green Deal and green transition, digitization,
\nthe EU’s response to the COVID-19 pandemic and preparing for future pandemics,
\nas well as the Next Generation EU recovery plan. <\/p>\n
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ENERGY – The European Commission is
\nthis week expected to present the set of proposals agreed upon in Friday’s
\nmeeting of EU Energy Ministers, designed to combat the energy crisis. The
\npackage might include a cap on energy prices and taxing the excess profits of
\nfossil fuel companies and redistributing the revenues to state-aid schemes.
\nRomania’s Energy Minister, Virgil Popescu, says Romania supports a balanced
\napproach towards all Member States. Capping natural gas prices at community
\nlevel would significantly curb volatility on the EU energy market, the Romanian
\nofficial said. <\/p>\n
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KING CHARLES – King Charles III this
\nmorning appeared in the British Parliament, where the House of Commons and the
\nHouse of Lords met in a joint sitting to present condolences to the new
\nmonarch. The King is today expected to attend a sitting of Scottish Parliament
\nas well. The coffin of her Royal Majesty Queen Elizabeth II was in Edinburgh
\nyesterday, and today it will be moved to from Throne Room in Holyroodhouse
\nPalace, the official residence of the royal family in the Scottish
\ncapital-city, to Saint John’s Cathedral, as part of somber journey through the
\nScottish countryside. Attending will be the new king and other members of the
\nroyal family. The coffin will remain at Saint John’s until tomorrow, allowing
\nlocals to pay their last respects. Tomorrow, the coffin will arrive at Buckingham
\nPalace in London. The state funeral will take place on September 19 at
\nWestminster Abbey. Meanwhile, people from all across Britain continue to lay
\nfloral tributes at the residences of the royal family from all across the
\ncountry. <\/p>\n
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INFLATION – Romania’s annual inflation
\nrate went up to 15.32% in August from 14.96% in July. According to data
\npublished by the National Statistics Institute on Monday, foodstuffs prices
\nwent up by 18.22%, while those for non-food products also went up by 15.98%.
\nPrices for services increased by 8.26%. The Central Bank has increased its inflation
\nforecast for 2022 to 13.9%, estimating an inflation rate of 7.5% for 2023. The
\nCentral Bank expects the deflation trend to temporarily stop in the second
\nquarter of 2023, once the current state-aid schemes targeting the energy sector
\nend. The Central Bank expects an inflation rate of 2.3% for June 2024. (VP)<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
A roundup of domestic and international news<\/p>\n","protected":false},"author":113,"featured_media":105208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[37026,37012,37027,37025,35172,37028],"coauthors":[],"class_list":["post-106166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsflash","tag-agreement-with-france","tag-energy-measures","tag-european-parliament-session","tag-grain-exports-from-ukraine","tag-inflation-forecast","tag-king-charles-iii"],"acf":[],"yoast_head":"\n