{"id":844485,"date":"2024-12-19T20:12:22","date_gmt":"2024-12-19T18:12:22","guid":{"rendered":"https:\/\/www.rri.ro\/?p=844485"},"modified":"2024-12-19T20:12:22","modified_gmt":"2024-12-19T18:12:22","slug":"december-19-2024-update","status":"publish","type":"post","link":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/newsflash\/december-19-2024-update-id844485.html","title":{"rendered":"December 19, 2024 UPDATE"},"content":{"rendered":"<p><strong>TALKS<\/strong> The last thing Romania needs is a wide-scale governmental and Parliamentary crisis, the country\u2019s president, Klaus Iohannis, said on Thursday. There is no time now for petty arguments and every leader must see themselves as a state-person and negotiate for a new government to propose a budget and stage presidential election as soon as possible next year, Iohannis went on to say. The Romanian president has announced he will summon the political parties for a new round of talks. His statement comes after the announcement by the country\u2019s Prime Minister and Social-Democratic leader, Marcel Ciolacu that the PSD is going to withdraw from the talks for setting up an Executive and that it will be voting for a minority right-wing government. The interim PNL chair, Ilie Bolojan, says the Liberals are willing to contribute to finding a solution. In his opinion the country is already in a complicated situation and the inability to build up a ruling coalition will cost the Romanians dearly. The USR MP, Catalin Drula, whose party has been accused of far-fetched claims for carrying on the talks, has lashed out at Ciolacu\u2019s statement and the UDMR has made an appeal to the coalition partners to come back to the negotiations table. After the cancellation of the presidential election, the pro-European parties, which won seats in Parliament following the election round on December 1<sup>st<\/sup>, namely PNL, USR and UDMR have kicked off talks with a view to forging a coalition government.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>SUMMIT<\/strong> \u2018There would be no winners in a potential trade war between the United States and the European Union except China\u2019, the EU\u2019s Foreign Affairs High Representative, Kaja Kallas said on Thursday. Her statement comes against the uncertainties related to the future decisions by the Trump administration, due to take over on January 20<sup>th<\/sup>. There are fears the new US administration might raise import fees for European products up to 20%, an alternative being considered by heads of state and government at the European Summit underway in Brussels. The aforementioned summit, where Romania is being represented by its president, Klaus Iohannis, has high on its agenda the situation in Ukraine, migration, the Middle East, the bloc\u2019s civil and military training, crisis-response as well as the situation in the Republic of Moldova and Georgia.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>FITCH<\/strong>\u00a0The Fitch rating agency has worsened Romania\u2019s outlook from \u201cstable\u201d to \u201cnegative\u201d regarding the raring for long-term loans in foreign currency. Among the reasons cited, Fitch mentions political risk factors, including \u201ceroded political credibility\u201d and political uncertainty, as well as fiscal slippages and unsustainable spending. An important factor that has been taken into account is the large budget deficit. Among the causes, Fitch lists public sector wage spending and \u201cunfunded pension increases ahead of the election\u201d. In addition, the new Romanian Parliament is more divided and there is an increase in the share of extreme right anti-European parties, which reflects the rising polarization of Romanian society. On the other hand, a plus for Romania is, according to Fitch, the solid banking sector. Among the factors that can lead to a positive rating, the agency mentions the higher than projected fiscal consolidation, which supports the stabilization of the public debt (GDP) in the medium term and the reduction of external indebtedness and external financing risks.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>FOOTBALL<\/strong> The main shareholder of the football club Rapid Bucharest, one of the most popular in Romania, the businessman Dan \u015eucu, became the majority shareholder of the Italian club Genoa, the Serie A group announced on its official website. The source points out that, following a capital increase to 45,356,262 Euros, of which 5,356,262 Euros are free and another 40,000,000 paid on December 14, the Board of Directors approved the Romanian investor\u2019s offer. He subscribed to the entire capital increase, obtaining, in return, a share in the share capital of about 77% of Genoa CFC and leaving the previous shareholders as a minority \u2013 the release also states. President of the Concordia Employers\u2019 Confederation, \u015eucu (61 years old) is a prominent figure in the Romanian economy. He is the founder of Mobexpert, the largest furniture brand in Romania, with over 2,200 employees. He is also involved in the real estate sector and in the media, with a key role in the business daily \u201cZiarul Financiar\u201d. Genoa is ranked 13<sup>th<\/sup>in Serie A after 16 matches, with 16 points.<\/p>\n<p>&nbsp;<\/p>\n<p>(bill)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TALKS The last thing Romania needs is a wide-scale governmental and Parliamentary crisis, the country\u2019s president, Klaus Iohannis, said on Thursday. There is no time now for petty arguments and every leader must see themselves as a state-person and negotiate for a new government to propose a budget and stage presidential election as soon as [&hellip;]<\/p>\n","protected":false},"author":113,"featured_media":731769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[34536,29288,29822,30657,160457,40017,29639,116464,29398],"coauthors":[116091],"class_list":["post-844485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsflash","tag-banking-sector","tag-brussels","tag-crisis","tag-fitch","tag-mobexpert","tag-negative","tag-rating","tag-romania-en","tag-summit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>December 19, 2024 UPDATE - Radio Romania International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/newsflash\/december-19-2024-update-id844485.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"December 19, 2024 UPDATE - Radio Romania International\" \/>\n<meta property=\"og:description\" content=\"TALKS The last thing Romania needs is a wide-scale governmental and Parliamentary crisis, the country\u2019s president, Klaus Iohannis, said on Thursday. 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