October 14, 2024 UPDATE
A roundup of local and world news
Newsroom, 14.10.2024, 20:11
SEARCHES The Chamber of Deputies in Bucharest on Monday approved a request from the National Anti-corruption Directorate (known in Romania as DNA) on starting searches at the house of the former Health Minister, Nelu Tataru, who is presently facing bribery charges. The Legal Committee of the Chamber of Deputies unanimously approved on Monday a report on searches conducted at Tataru’s house and into his computer. The case of the aforementioned Liberal MP and surgeon accused of continued bribery has reached the Chamber of Deputies after anti-corruption prosecutors have called for lifting his immunity. Tataru reiterated his innocence on Monday underlining that he never conditioned the medical act on any rewards. The former Health Minister has been withdrawn from all political positions and has been excluded from the lists for the Parliamentary election on December 1st.
PRIZE The Nobel Prize in Economic Studies was awarded on Monday to Daron Acemoglu, Simon Johnson and James Robinson for studies of how institutions are formed and affect prosperity. By examining various political and economic systems introduced by European colonizers, the three recipients have been able to demonstrate a relationship between institutions and prosperity. The US economist of Turkish origin, Daron Acemoglu, as well as the British-American Simon Johnson, are professors at the Massachusetts Institute of Technology while the British-American James A. Robinson is professor at the University of Chicago. The Nobel Prize in Economic Sciences was established by the Swedish Central Bank in 1968 and was awarded for the first time a year later. The award ceremony is held every year on December 10th in Stockholm when the death of Alfred Nobel is being commemorated.
DAY On October 14th Orthodox Christians in Romania celebrate Saint Parascheva, the spiritual protector of Moldavia. The saint, a nun who died aged 27, in the 11th century, became the patroness of the eastern region of the country in 1641, when her relics were brought to Iasi, after being taken to Bulgaria, Serbia and Constantinople. Every year, on the feast of St. Parascheva, impressive crowds of pilgrims come to Iași to worship and pray, the city becoming the largest pilgrimage center in Romania and the fifth in Europe.
RATING The rating agency Standard & Poor’s reconfirmed the rating related to Romania’s government debt and stable outlook for the long-term and short-term foreign currency debt. The decision is supported by the moderate level of foreign and government debt and Romania’s solid economic growth prospects next year. The agency estimates that Romania’s economy will grow by 1.6% this year, respectively by an average of 3% in the next three years. The evolution is determined by the allocation of important European funds, both from the Community budget and from the Recovery and Resilience Mechanism.
(bill)
