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October 24, 2023

A roundup of local and international news.

Newsflash
Newsflash

, 24.10.2023, 13:55

Defence. The NATO Headquarters Multinational Corps South-East was
inaugurated in Sibiu, in central Romania on Monday during a military ceremony.
This new structure will be in charge of coordinating the Alliance’s land
operations in the region during a crisis or military conflict with the aim of
defending the territory of Romania and Bulgaria. The command centre will carry
out its mission and role as part of the NATO defence and deterrence posture on
the Eastern Flank, in the Black Sea region, said Romanian president Klaus Iohannis.
This is NATO’s 10th multinational corps set up in Europe.






Middle East. French president Emmanuel Macron, who has travelled to Israel,
has urged for action to prevent the conflict between Israel and the Hamas
Palestinian Islamist group from spreading. During talks with his Israeli
counterpart Isaac Herzog, Macron said the release of the hostages is the number
one objective. Herzog said Israel was not looking for a war with the Hezbollah
militants on its northern border, but was focusing on fighting Hamas in the
Gaza Strip. US president Joe Biden called for the release of all hostages help
captive by Hamas in Gaza before ceasefire talks. Israel continued its air
strikes against Palestinian territory ahead of an expected ground attack. The
Hamas Palestinian Islamist movement said this morning that the overnight
strikes carried out by the Israeli army in Gaza killed 140 people. Yesterday,
citing humanitarian reasons, Hamas released two more hostages. According to
Israeli authorities cited by the international media, the two persons released
were Israeli citizens living in the Nir Oz kibbutz and are aged 85 and 79,
respectively. Hamas had earlier released two women with American citizenship,
mother and daughter. The UN General Assembly will meet on Thursday to discuss
the war triggered by the Hamas attack on Israeli territory, its president
announced in a letter to member states.






Deficit. Hungary and Romania recorded the highest government deficit
level in the second quarter of the year, according to data published by the
European Statistical Office Eurostat. The highest level was recorded in
Hungary, with 6.6% of GDP, followed by Romania with 6.3%, while among EU
countries the level was 3.2%. Previously, Romania’s deficit stood at 5.9% of
GDP in the first quarter of the year and at 6.3% of GDP in the final quarter
of 2022. According to Eurostat, the
measures taken by governments to alleviate the impact of high energy prices
again had a strong impact on public finance this year, with most EU member
states still struggling with government deficit. On the other hand, Denmark,
Ireland, Portugal, The Netherlands and Latvia have recorded a government
surplus.






Climate. The effects of climate change are becoming
increasingly acute for Romania’s citizens, said president Klaus Iohannis in
Bucharest at an event entitled Climate change and development: prospects for
Romania. He emphasised that the climate transition must be fair, inclusive and
compatible with economic growth. Also today, the World Bank published the
Romania climate and development report, saying this country can raise its
national income almost threefold in the next 30 years if it implements measures
to improve resilience to climate change and reduce greenhouse gas emissions. The
investment needed for a decarbonized energy sector alone
is estimated at 356 billion dollars by 2050, accounting for around 3% of the country’s GDP, the World bank
report also says. (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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