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August 11, 2023

A roundup of local and international news.

Newsflash
Newsflash

, 11.08.2023, 13:55

Inflation.
Romania’s annual inflation rate dropped to 9.4% in July from 10.3% in June,
while the price of food products went up by over 16%, that of non-food products
by 4.25% and services by almost 12%, according to data published today by the
National Institute of Statistics. The National Bank of Romania revised its
inflation forecast for the end of year up to 7.5% from 7.1% and to 4.4% for the
end of 2024, the bank’s governor Mugur Isărescu said on Wednesday. The
projection is based on the legislation in force and does not take into account
the impact of the fiscal consolidation measures recently proposed by the
authorities.






Grain
exports.
Representatives of the United States, the European Union, Ukraine, the
Republic of Moldova and Romania are today having talks in Galaţi, in
south-eastern Romania, about alternative routes for the transport of Ukrainian
grain, said the US embassy in Bucharest. In a crucial meeting,
which will take place in Galati, Romania, Ukraine, the Republic of Moldova, the European Commission and
the United States will join forces, following Russia’s harsh exit from the
Black Sea Grain Initiative, said the US Embassy, denouncing Russia for turning
food into a weapon and endangering global food security. The
United States stands firmly by Ukraine, promising continued support and
assistance to help Ukraine overcome challenges and promote prosperity in the
region, the US Embassy added.








Navy. The Romanian Naval
Forces are carrying out activities dedicated to the Romanian Navy Day in the run-up
to 15th August, the Christian holiday of the Assumption, the Virgin
Mary being considered the patron of sailors. Various events are scheduled in
the capital city, in the Romanian Black Sea ports of Constanţa and Mangalia and
the Danube ports of Brăila, Tulcea and Galaţi. On 15th August, Constanţa
will play host to a demonstration exercise entitled The Romanian Naval Forces
2023 on the maritime stage in from the Fleet Command. The opening ceremony
involving helicopters and speed boats flying the flags of Romania and NATO, will
be followed by a parade by Romania’s flagship vessel, Mircea.




Football.
Romania’s football champions Farul Constanța defeated Flora Tallinn of Estonia
3-nil on Thursday evening at home in the first leg of the third preliminary
round of the UEFA Conference
League. In the same leg, the vice-champions FCSB drew nil-all against FC
Nordsjaelland of Denmark in a match in Bucharest, while the winner of the
Romanian Cup, Sepsi OSK Sfântu
Gheorghe, drew 1-all at home against FC Aktobe of Kazakhstan. The
decisive matches will be held next week.






Rugby.
The Romanian national rugby side will be playing Georgia on Saturday in a test
match in Tbilisi. Last week, Romania lost 31-17 to the United States in
Bucharest. In their final test match ahead of the Rugby World Cup hosted by
France, Romania will face Italy on 19th August in an away match. At
the World Cup, Romania are in Group B and will play Ireland in their opening
match on 9th September in Bordeaux, followed by world champions
South Africa on 17th September, again in Bordeaux, then Scotland on
30th September in Lille and Tonga on 8th October in
Lille. (CM)

February 16, 2026 UPDATE
Newsflash Monday, 16 February 2026

February 16, 2026 UPDATE

Government. The bills on the public administration reform and the economic recovery package have been finalised and will be adopted by emergency...

February 16, 2026 UPDATE
Newsflash
Newsflash Monday, 16 February 2026

February 16, 2026

Government. The four-party coalition government in Bucharest intends to adopt this week, most likely on Thursday, the public administration reform...

February 16, 2026
February 15, 2026 UPDATE
Newsflash Sunday, 15 February 2026

February 15, 2026 UPDATE

PEACE Romania’s President, Nicusor Dan, has announced his intention to participate in the first proceedings of the Board of Peace in Washington...

February 15, 2026 UPDATE
Newsflash
Newsflash Sunday, 15 February 2026

February 15, 2026

RATING Fitch rating agency has affirmed Romania’s Long-Term Foreign-Currency Issuer Default Rating at BBB- with a negative outlook. According to...

February 15, 2026
Newsflash Saturday, 14 February 2026

February 14, 2026 UPDATE

Rating. Fitch Ratings on Friday affirmed Romania’s sovereign rating at ‘BBB-‘ with a Negative Outlook, the agency said in a...

February 14, 2026 UPDATE
Newsflash Saturday, 14 February 2026

February 14, 2026

Rating. Fitch Ratings on Friday affirmed Romania’s sovereign rating at ‘BBB-‘ with a Negative Outlook, the agency said in a...

February 14, 2026
Newsflash Friday, 13 February 2026

February 13, 2026 UPDATE

Romania’s economy is in technical recession, INS warns Romania’s economy grew by 0.6% in 2025, but was in technical recession at the end of the...

February 13, 2026 UPDATE
Newsflash Friday, 13 February 2026

February 13, 2026

Economy. Romania’s economy grew by 0.6% in 2025, but was in technical recession at the end of the year, after its GDP fell two quarters in a...

February 13, 2026

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