{"id":1083258,"date":"2026-11-14T14:00:37","date_gmt":"2026-11-14T12:00:37","guid":{"rendered":"https:\/\/www.rri.ro\/?p=1083258"},"modified":"2026-11-13T10:36:25","modified_gmt":"2026-11-13T08:36:25","slug":"november-14-20-2026","status":"publish","type":"post","link":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/the-week-in-review\/november-14-20-2026-id1083258.html","title":{"rendered":"The Week in Review, November 14-20"},"content":{"rendered":"

Romanian President in Dublin<\/strong><\/p>\n

Romanian President Nicu\u015for Dan attended the European Political Community summit in Dublin on Thursday, bringing together leaders from across Europe to discuss the main challenges facing the continent, with a particular focus on security, competitiveness and resilience.<\/p>\n

Nicu\u015for Dan: \u00a0\u201cThe Black Sea was mentioned on several occasions as a security risk for Europe. There was discussion of the need for cooperation, with considerable emphasis on hybrid warfare and disinformation campaigns. The need to have more trading partners in a world undergoing rapid change was also highlighted. There were then several thematic round-table discussions, including one of direct relevance to us, on Moldova, which addressed both the security challenges facing the country and the Republic of Moldova’s European path, as well as a special round table on disinformation.\u201d<\/p>\n

While in Dublin, the Romanian President also held a number of bilateral meetings. In talks with German Chancellor Friedrich Merz, he discussed the European Union’s multiannual budget, the Republic of Moldova and the strengthening of European security, as well as the long-term development of the two countries’ defence industries and military capabilities.<\/p>\n

Defence was also on the agenda when Nicu\u015for Dan met European Commission President Ursula von der Leyen in Bucharest on Monday. The Brussels official said Romania was on the front line of European security, helping to protect European airspace, borders and the Black Sea, and was a vital partner for EU member states and NATO.<\/p>\n

On that occasion, she announced that Romania would receive 50 million euros from the European Union for the Black Sea Maritime Security Centre, which it will manage jointly with Bulgaria, together with a further 10 million euros for search and rescue operations in the region.<\/p>\n

 <\/p>\n

Romanian President’s views<\/strong><\/p>\n

The population’s standard of living has declined over the past year, while the months without a functioning government amounted to a waste of precious time, President Nicu\u015for Dan has acknowledged. He was speaking at his first press conference since the installation of a new fully empowered government in Bucharest, following almost six months of political deadlock after the dismissal of the Ilie Bolojan cabinet.<\/p>\n

The head of state addressed the country’s financial situation, arguing that an early election would have triggered a rapid economic collapse. He also described as an illusion the notion that the National Liberal Party (PNL) and Save Romania Union (USR) could have governed without the support of the Social Democratic Party (PSD).<\/p>\n

Romania’s financial situation must be approached calmly, but maintaining the country’s fiscal trajectory is essential, Nicu\u015for Dan further stated. He stressed that any deviation from this course would undermine Romania’s credibility and risk leaving the country unable to meet its debt obligations.<\/p>\n

The President also warned that, had the credit rating agencies issued a negative assessment, investment funds and pension funds might have withdrawn from Romania, borrowing costs would have risen, and economic recovery could not have begun for at least another six or seven years.<\/p>\n

\u00a0<\/strong><\/p>\n

Energy measures<\/strong><\/p>\n

The Energy Ministry in Bucharest is preparing measures to support both vulnerable households and businesses. The natural gas reserves accumulated so far should enable Romania to get through the coming winter without major difficulties, Energy Minister Dumitru Chis\u0103li\u0163\u0103 has assured the public. He would like a support scheme for vulnerable consumers to come into force on 1 January 2027, with measures for non-household consumers introduced even earlier. The authorities also intend to draw up a package of measures aimed at stabilising the market and bringing down energy prices from next year onwards.<\/p>\n

However, Secretary of State Pavel-Casian Ni\u0163ulescu has cautioned that natural gas reserves are lower than at the same point last year. Coal stocks are considered sufficient, but reservoir levels stand at only 43%. As regards electricity supply, it is worth recalling that the Cernavod\u0103 nuclear power plant, in the south-east of the country, accounts for 20% of national electricity consumption. For approximately three and a half months, both reactors at the plant were taken offline in a controlled shutdown due to the exceptionally low flow of the Danube, caused by prolonged drought. Both units were brought back into operation this week.<\/p>\n

 <\/p>\n

Inflation rises in Romania<\/strong><\/p>\n

Romania’s annual inflation rate rose to 6.9% in October, up from 6.6% in September, marking a second consecutive month of increase, according to the National Institute of Statistics. The steepest annual price rises continue to be recorded in services, rents, sewerage and waste collection. Diesel is now more than 43% more expensive, while petrol prices have risen by almost 33%. Food prices increased by approximately 3% year on year, although products such as coffee, eggs and cow’s milk have become considerably more expensive.<\/p>\n

The National Bank of Romania expects the annual inflation rate to edge up slightly in the final months of 2026, mainly as a result of the anticipated impact of recent increases in fuel and energy prices, as well as movements in the leu exchange rate. This is expected to be followed by a gradual decline, with inflation returning to the target range in the first quarter of 2028, according to the central bank’s Inflation Report. The NBR also notes that the conflict in the Middle East and the energy crisis continue to pose risks to economic activity and the medium-term inflation outlook. Meanwhile, in the Romanian Senate, a simple motion against independent Finance Minister Alexandru Nazare, who was accused of failing to present an accurate picture of the country’s financial situation, was rejected.<\/p>\n

The motion was tabled by the Alliance for the Union of Romanians (AUR), a nationalist opposition party, following the Finance Ministry’s publication of budget execution figures for the first nine months of the year. The figures showed that the budget deficit had fallen to 3.81% of Gross Domestic Product, compared with 5.3% over the same period last year. (EE)<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Romanian President in Dublin Romanian President Nicu\u015for Dan attended the European Political Community summit in Dublin on Thursday, bringing together leaders from across Europe to discuss the main challenges facing the continent, with a particular focus on security, competitiveness and resilience. 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