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BANK According to Central Bank forecasts the annual inflation rate in Romania will slightly go down only in the last quarter of the year. The bank says the annual inflation rate ceased to rise in June and is expected to fluctuate for a while then to slightly go down for the next three quarters. Inflation has been forecast to stay around 13.9% in December exceeding the initial predictions of 12.5%. According to the Central Bank, inflationist pressures are to be seriously felt in April next year, after schemes aimed at capping electricity prices will have ended. In an attempt to keep inflation at bay, the bank decided to raise the key interest rate from 4.47% to 5.5%.
HOLIDAY Seaside resorts on the Romanian Black Sea coast are functioning at full capacity these days in spite of the high accommodation prices. Prices are expected to go down next week under a yearly programme entitled 'Seaside for everyone' due to kick off on August 28th. According to representatives of the Employers Association in the Romanian tourism, roughly 100 hotels are getting ready to accommodate tourists for prices 75% lower than at the peak of the season.
MEDALS Romanian athlete Catalin Chirila won bronze in the 500 meter race at the Canoe Sprint European Championships in Munich. A world's vice-champion in Halifax, Canada, Chirila also reaped gold in the 1000 meter single canoe race in Munich. Another two athletes from Romania, Constantin Popovici and Catalin Preda walked away with gold and silver from the high diving event of the European Aquatics Championships held in Rome. Popovici made history as the first European champion in this event with 455.70 points. Preda, who took the lead after the first three rounds, eventually ended second with 436.20 points. Italian Alessandro De Rose came third in the aforementioned event. Constantin's namesake David claimed two European titles and a world record in the pool and has been designated the best athlete in the men's events at the present edition of the Aquatics in Rome.
VOLLEYBALL Romania's national men's volleyball side have qualified for the European Championships due next year after a 3-0 win against Albania in their last away game in the preliminary group G. Romania ranks first in the group with 5 wins and 15 points followed by Switzerland with 12 points, Bosnia-Herzegovina 4 points and Albania with two. The seven winning sides of the preliminaries as well as the best five runner-ups are qualified for the final tournament. Romania won a European title in 1963, two silver medals in 1955 and 1958 and two bronze in 1971 and 1977. At the 2019 edition of the European Championship our side ranked 21st.
DIPLOMACY According to the spokeswoman for the Russian Foreign Ministry, Maria Zakharova, Russia will have a proper response to Bucharest's decision to declare persona non grata an employee of its embassy in Romania. Zakharova says that Romania has declared the Russian employee persona non grata 'without any reason and under exaggerated pretexts'. The Romanian Foreign Ministry says that a decision to expel the Russian employee has been made because the person was involved in activities incompatible with the Vienna Convention of 1961 concerning diplomatic relations, a generic definition for espionage allegations.
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