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August 20, 2024 UPDATE

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Newsflash
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, 20.08.2024, 20:00

 

CANDIDACY The leader of the Social Democratic Party, PM Marcel Ciolacu, will run for president of Romania. Just days ahead of the party congress, he announced his fellow party members of his decision. “I am confident that together we will manage to once again win a presidential election, after 20 years. Romania needs stability and balance,” Ciolacu said.

 

CSP10 The geopolitical environment is marred by mistrust and disrespect for the international order, which leads to the escalation of regional conflicts and a new arms race, said the Romanian Foreign Minister, Luminiţa Odobescu. The head of Romanian diplomacy is taking part until Friday in the Conference of States Parties (CSP10) to the Arms Trade Treaty (ATT), which is being held in Geneva, under the presidency of Romania. In her address, the Romanian minister highlighted the celebration of 10 years since the entry into force of the Arms Trade Treaty, underlining its essential role in the current geopolitical context, as well as the importance of cooperation between all actors involved in reducing human suffering, promoting peace, security and international stability. Also, Luminiţa Odobescu pointed out the priorities of the Romanian Presidency of the CSP10, which ends on 23 August, 2024. Romania’s priorities included encouraging a dynamic dialogue between member states regarding the effective implementation of the Treaty, universalisation activities and measures to increase the transparency of conventional arms exports and imports.

 

AGRICULTURE Romania is safe in terms of food security, even if this year was a dry one, the Agriculture Minister, Florin Barbu, said on Tuesday in a specialised conference. According to him, Romania produced almost 1.7 million tons of wheat more than last year, and it will have a very good corn crop. Florin Barbu also pointed out that the agriculture ministry must take urgent measures, because this year, due to climate change and drought, more than two million hectares have been affected throughout the country. He also mentioned the importance of investments in the irrigation system in Romania, stating that currently over 1.6 million hectares of land are rehabilitated and irrigated. According to the National Institute of Statistics, last year Romania’s wheat output was over 9.6 million tons, on an area of ​​2.2 million hectares, while the corn kernel output was over 8.5 million tons on almost 2.4 million hectares.

 

INFLATION The annual inflation rate in the European Union went up to 2.8% in July, from 2.6% in June, according to data released on Tuesday by the EU statistical office, Eurostat. The EU members with the highest inflation rates last year were Romania (5.8%), Belgium (5.4%) and Hungary (4.1%). The EU countries with the lowest inflation rates were Finland (0.5%), Latvia (0.8%), and Denmark (1%).  As compared to the month of June, the inflation rate went down in 9 EU members, remained stable in 4 countries and grew in 14 other. In July Romania reported an inflation rate of 5.8%, from 5.3% the previous month.

 

VISIT The Romanian Defense Minister, Angel Tîlvăr, Monday received the Minister of Defense Pål Jonson and the Minister of Civil Defense Carl-Oskar Bohlin from the Kingdom of Sweden. High on the agenda of talks were the security situation in the Black Sea and Baltic Sea regions, against the backdrop of Russia’s war of aggression against Ukraine, cooperation within NATO, the implementation of the decisions of the Washington Summit, the evolution of projects developed within the European Union, as well as participation in missions and operations under the EU aegis. “Sweden has a significant contribution to Euro-Atlantic security, once it has joined NATO. We act together to promote and implement Allied measures on the entire eastern flank of the North Atlantic Alliance and to strengthen bilateral cooperation, including in terms of preparing our armies for the challenges of the future”, said Angel Tîlvăr. The officials reiterated their constant support for Ukraine, as well as for the Republic of Moldova, and highlighted the importance of maintaining a constant political and military dialogue, in order to streamline and harmonise joint efforts in the field of defence. (AMP)

October 13, 2025 UPDATE
Newsflash Monday, 13 October 2025

October 13, 2025 UPDATE

ECOFIN The finance minister Alexandru Nazare said that Romania has a duty to support its interests firmly, with arguments and a realistic...

October 13, 2025 UPDATE
Newsflash
Newsflash Monday, 13 October 2025

October 13, 2025

Finance. Finance Minister Alexandru Nazare said that Romania has a duty to firmly support its interests with arguments and a realistic understanding...

October 13, 2025
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Newsflash Sunday, 12 October 2025

October 12, 2025 UPDATE

BORDER– Romania, together with the other EU member states activated on Saturday a new border control mechanism for foreigners who want to enter the...

October 12, 2025 UPDATE
Newsflash
Newsflash Sunday, 12 October 2025

October 12, 2025

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Newsflash Saturday, 11 October 2025

October 11, 2025 UPDATE

London – The Fitch financial rating agency has revised upwards its estimates regarding the evolution of Romania’s deficit, which is...

October 11, 2025 UPDATE
Newsflash Saturday, 11 October 2025

October 11, 2025

London – The Fitch financial rating agency has revised upwards its estimates regarding the evolution of Romania’s deficit, which is...

October 11, 2025
Newsflash Friday, 10 October 2025

October 10, 2025 UPDATE

Finance – The new deficit target of 8.4% of the GDP, instead of 8%, offers Romania an additional investment space of about 8 billion lei, the...

October 10, 2025 UPDATE
Newsflash Friday, 10 October 2025

October 10, 2025

Finance. Romanian Finance Minister Alexandru Nazare is attending a meeting of the Economic and Financial Affairs Council (ECOFIN) in Luxembourg. His...

October 10, 2025

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