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September 17, 2016

A roundup of domestic and international news

September 17, 2016
September 17, 2016

, 17.09.2016, 12:04

SUMMIT On Friday in Bratislava,
EU leaders stated they wanted to turn the Union into a more attractive and
safer space for its citizens, after one of its major members, Great Britain,
decided to leave. They established a number of guiding lines for strengthening
security and economic development, which should result into a strategy to be
adopted at the special summit due in Rome in March. The final declaration in
Bratislava highlights immigration control measures, as well as measures aimed
at fighting terrorism and radicalisation and at boosting economic growth by
means of investment and single market consolidation. At the end of the summit,
in which Great Britain did not participate, Romania’s president Klaus Iohannis
said that, despite the existing crises, the Union was not a chronic patient,
but a success. The head of state also said that he’d held informal talks with
some European leaders also about Romania’s joining the Schenghen agreement, and
developments in that direction were positive.






TIMISOARA The Romanian Foreign
Ministry has hailed the designation of Timisoara, in western Romania, as the
European Capital of Culture in 2021 and has stated that promoting the city will be one of its priorities. Thus, Romanian diplomatic missions, consular
offices and cultural institutes abroad will help prepare and promote the
prestigious status acquired by Timisoara, which is a model of
multi-culturalism, diversity, contemporary creativity, innovation and European
spirit. Timisoara ran for European Capital of Culture alongside other three
cities in Romania: the capital Bucharest, Cluj-Napoca and Baia Mare in the
north-west. Timisoara will share the title with one city in Greece and one in Montenegro. In 2007, another Romanian city, Sibiu, was European Capital of Culture, together with Luxembourg.










GDP GROWTH The Romanian National
Forecast Commission has revised up to 4.8% its estimates regarding economic
growth this year. In spring, the Commission had announced a GDP growth of 4.2%.
For the next three years, the commission has maintained its forecasts regarding
the growth of the GDP at 4.3%, 4.5% and 4.7% respectively. The GDP per capita
is to grow constantly in the coming years, from 8,581 Euro in 2016 to 10,587
Euro in 2019.






CORRUPTION The former head of the
Romanian Lottery, Gheorghe Benea, will be investigated for bribe taking and
office peddling, with aggravated consequences. He was previously detained by
anti-corruption prosecutors, who had called for his temporary arrest, but will be
prosecuted without being detained, and subject to legal restrictions, pending
trial. The case is about a fake tender for the renewal of the Lottery’s car
fleet. The damage estimated by investigators stands at more than 500,000 Euro.






OKTOBERFEST The German police
tightened security measures before Oktoberfest, the biggest beer festival in
the world, which starts today in Munich, the capital of Bavaria, the BBC
reports. In early summer, the Germans were terrified by a string of violent
attacks perpetrated in Bavaria, of which two committed by asylum seekers
inspired by the Islamic State terrorist organization. The festival organizers
have stated they have no information that Oktoberfest might become a target for
terrorist attacks, but have nonetheless enhanced security by up-sizing security
forces and by installing surveillance cameras. For the first time, the area
hosting the festival will be fully surrounded by security fences.

May 18, 2026 UPDATE
Newsflash Monday, 18 May 2026

May 18, 2026 UPDATE

Consultations. Romanian President Nicuşor Dan announced on Monday evening that he would continue the series of consultations until a government...

May 18, 2026 UPDATE
Newsflash
Newsflash Monday, 18 May 2026

May 18, 2026

CONSULTATIONS – Romanian President Nicuşor Dan is holding official consultations with parliamentary parties today to appoint a new prime minister....

May 18, 2026
May 17, 2026 UPDATE
Newsflash Sunday, 17 May 2026

May 17, 2026 UPDATE

RATING Romania keeps its investment-recommended rating and authorities consider the decision a major vote of confidence for the economy. The...

May 17, 2026 UPDATE
Newsflash
Newsflash Sunday, 17 May 2026

May 17, 2026

RATING Romania keeps its investment-recommended rating and authorities consider the decision a major vote of confidence for the economy. The...

May 17, 2026
Newsflash Saturday, 16 May 2026

May 16, 2026 UPDATE

RATING S&P Global Ratings affirms Romania’s sovereign credit rating at BBB-/A-3 with a negative outlook one notch above the ‘junk’...

May 16, 2026 UPDATE
Newsflash Saturday, 16 May 2026

May 16, 2026

DELTA The Danube Delta and the main tourist spots in Tulcea county, south-eastern Romania are safe for tourists, in spite of the drone attacks close...

May 16, 2026
Newsflash Friday, 15 May 2026

May 15, 2026 UPDATE

BANK The board of Romania’s Central Bank (BNR) on Friday decided to maintain the monetary policy interest rate at the level of 6.50% a year, a...

May 15, 2026 UPDATE
Newsflash Friday, 15 May 2026

May 15, 2026

National Bank. The management of the National Bank of Romania is meeting today for its fourth monetary policy meeting this year. Experts expect that,...

May 15, 2026

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