BUDGET The
\ngovernment of Romania Thursday approved this year’s second public budget
\nadjustment, with an approx. EUR 104 million increase
\nin revenues and a similar increase in
\nexpenditure. According to the government, the budget adjustment covers
\ncompulsory spending, operating expenses and social assistance expenses. Funds
\nhave also been rechanneled for implementing programmes with an impact on the economy
\nand which support households and companies. Financing is also ensured for the
\nstate aid provided to the farmers whose crops were affected by drought this
\nyear. According to the autumn macroeconomic forecast on which the adjustment is
\nbased, the government’s news release also reads, Romania’s GDP is expected to
\nreach RON 1,396.2 bln in 2022 (as compared to RON 1,372.5 bln taken into
\naccount in the first budget adjustment).<\/p>\n
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INFLATION The annual inflation in the EU continued to grow in October
\nto reach 11.5%, as against 10.9% in September. The member states with the
\nhighest rates are Estonia (22.5%), Lithuania (22.1%), Hungary (21.9%) and
\nLatvia (21.7%), according to data made public on Thursday by the Eurostat.
\nCompared to September, the annual inflation rate dropped in 11 member countries,
\nremained stable in 3 countries and went up in 13 member states, including in
\nRomania (from 13.4% to 13.5%). As many as 18 member countries, Romania
\nincluded, reported for September an annual inflation rate above 10%. The member
\nstates with the lowest inflation rates in September were France (7.1%) and
\nSpain (7.3%). In October 2021, the year-on-year inflation rate in the European
\nUnion was 4.4%, and in Romania it was 6.5%. In Romania, the National Statistics
\nInstitute had previously announced that the year-on-year inflation dropped this
\nOctober to 15.32%, from 15.88% in September, with a 20.58% rise in foodstuff
\nprices, non-food prices going up 14.37%, and service prices 8.31% more expensive.
\nJust days ago, the National Bank of Romania also released its quarterly
\ninflation report, according to which the rate is expected to reach 16.3% by the
\nend of this year and 11.2% next year.<\/p>\n
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DIPLOMACY The Romanian foreign minister Bogdan Aurescu
\nThursday had talks with his counterpart, Jean Asselborn, during his visit to
\nthe Grand Duchy of Luxembourg. The two officials discussed Romania’s Schengen
\naccession and the security situation at the Black Sea. Bogdan Aurescu also
\nmentioned, in a joint press conference, the importance of the Republic of
\nMoldova’s European accession, and said on Monday he would co-chair the third
\nSupport Platform for the Republic of Moldova, in Paris, together with his
\nFrench and German counterparts. The Romanian official also thanked Luxembourg
\nfor its plans to deploy a 25-troop unit as part of the NATO Battle Group in
\nRomania. The decision is pending the approval of Luxembourg’s parliament. <\/p>\n
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MILITARY A second shipment of French military equipment, specifically Leclerc tanks,
\nreached Bra\u015fov County (central Romania). The equipment is intended to strengthen
\nthe NATO Battle Group (Battle Group Forward Presence-BGFP) stationed in Cincu,
\nthe Romanian ministry of defence (MApN) said. A first convoy of French military
\nequipment, consisting in armoured vehicles, arrived in Romania on October 23. <\/p>\n
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ASSESSMENT A mixed team of experts from the European Commission and some member
\nstates, including the Netherlands, will be in Romania this week to assess the
\ncountry’s readiness for Schengen accession. According to the Bucharest
\ngovernment, the visit is voluntary, similar to the one that took place between
\nOctober 9 and 11. On Wednesday, the European Commission requested that Romania,
\nBulgaria and Croatia be part of the Schengen Area without
\ndelay. The EC points out that Romania has a solid and high-quality border
\nmanagement and is involved in international cooperation in border police
\nmatters.<\/p>\n
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HANDBALL Two Romanian players, Cristina Neagu and Crina Pintea, were
\nnominated for the all-star team of the European Women’s Handball Championship
\nhosted by North Macedonia, Montenegro and Slovenia and due to conclude this
\nSunday. According to the EHF website, Cristina Neagu is nominated for the left
\nback position, and Crina Pintea for line player. Neagu announced on Thursday that
\nthe EHF Euro 2022 was the last in her career, and that it had not ended as she
\nhad dreamt, after Romania finished only 12th. With 303 goals, Cristina
\nNeagu is at the top of the combined all-time goal scorers’ list for Women’s and
\nMen’s EHF EURO events. Romania has taken part in all the EHF Euro editions so
\nfar, with one exception (2006), and its best performance was a bronze medal in 2010. (AMP)<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
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