January 25, 2025
A roundup of local and world news
Newsroom, 25.01.2025, 14:00
RATING The financial rating agency Standard & Poor’s confirmed Romania’s ‘BBB minus’ rating, but revised the outlook from “stable” to “negative”. The reasons are related to high fiscal and external risks, the agency reports. According to S&P, the fragmented and uncertain political environment, as well as all the substantial spending ahead of the elections, pushed the fiscal deficit to almost 8.7% of GDP, far above expectations. The Romanian finance minister Tánczos Barna says the change in the outlook from stable to negative indicates that measures are needed to reduce the budget deficit, and that the country needs a balanced public budget and a streamlined government structure. He also said that the government’s measures to reduce the deficit and consolidate economic growth must be implemented at an alert pace, in the form already agreed on with the EU.
PROTESTS The government of Romania is completely willing to find solutions to protect people’s spending power while at the same time preserving macro-economic balance, the prime minister’s office chief said after talks with representatives of the employees who protested in front of the Government headquarters. On Friday, thousands of civil servants, reserve officers, police staff, miners, foresters, steelworkers, Bucharest Metro employees and pensioners took part in a rally to protest a government order that froze salary increases for many public sector personnel at the beginning of this year, and suspended the cost-of-living adjustment of public pensions. A reorganisation of central public institutions and state-owned companies was also announced these days. According to PM Marcel Ciolacu, restructuring the public sector is a priority for the current governing coalition comprising the Social Democratic Party, the National Liberal Party, and the Democratic Union of Ethnic Hungarians in Romania.
UKRAINE The president of the Republic of Moldova, Maia Sandu, is meeting today in Kyiv with the president of Ukraine, Volodymyr Zelenskyy, with PM Denys Shmykhal and with the Parliament Speaker, Ruslan Stefanchuk. The main topics of the discussions are the connection of the infrastructure of the two states, trade, collaboration in the EU accession process, and regional security. An important topic on the agenda is the energy crisis caused by Russia, which has increased energy prices and left the citizens of Transnistria, a Russian-speaking breakaway region in the Republic of Moldova, without heat and electricity. The rest of Moldova is safe for the time being, thanks to electricity and gas imports from neighboring Romania.
ELECTIONS The Liberals will convene on Sunday in a special National Council meeting to validate the former party president Crin Antonescu as the joint candidate of the ruling coalition in Romania. The Social Democrats scheduled a special congress on February 2 for the same purpose, and UDMR will make its decision at the beginning of next week. The first and second rounds of the presidential elections are scheduled for May 4 and 18. So far, the mayor of Bucharest, Nicuşor Dan, the independent candidate Călin Georgescu and the president of Save Romania Union, Elena Lasconi, have announced plans to run for president. The latter two were top placed in the presidential elections canceled last year. After the first election round on November 24 was validated, the Constitutional Court of Romania canceled the election as a whole on December 6, although voting in the second round had already begun abroad. The Court made its decision after the Supreme Defence Council published a report indicating foreign interference in the electoral process, but investigations have so far failed to confirm it. Tens of thousands of Romanians took to the streets to demand that the second round be resumed.
HOLOCAUST The minister of culture Natalia Intotero will represent Romania, on Monday, at the ceremony commemorating the 80th anniversary of the liberation of the Auschwitz-Birkenau concentration camp in Poland. The event, held under the patronage of the president of Poland, marks the International Holocaust Remembrance Day declared by the United Nations, and brings together camp survivors, official delegations of states and international organisations. Romania’s participation in the ceremony on January 27 reflects its solid commitment to keeping alive the memory of the victims of the Holocaust, to fighting all forms of denial, distortion, or downplaying of this tragic moment, as well as to fighting anti-Semitism, xenophobia, radicalisation and hate speech, while at the same time promoting respect for fundamental human rights, both at national and international level, the Romanian culture ministry said.
HOSTAGES Four Israeli female soldiers held hostage by Hamas since October 7, 2023, have reached Israel today. In exchange for them, Israel must release 200 Palestinians held in its prisons. This is the second prisoner exchange under the ceasefire that came into effect last Sunday between Israel and Hamas, after 15 months of war. In a first stage, which will last 6 weeks, 33 Israeli hostages are to be released in exchange for about 1,900 Palestinian prisoners. A Hamas attack on October 7, 2023 killed 1,210 Israelis, most of them civilians. Of the 251 people kidnapped, 91 are still in Gaza, 34 of whom are dead according to the Israeli army. In retaliation, Israel launched an offensive in the Gaza Strip, resulting in at least 47,000 casualties, most of them civilians, and a humanitarian disaster. (AMP)
