September 9, 2022 UPDATE

september 9, 2022 update Click here for a roundup of local and world news

QUEEN The death of Queen Elizabeth II, the longest-reigning monarch in English history, brought her eldest son Charles to the throne. He will reign as King Charles III. The protocol for proclaiming a new monarch provides for the speedy convening of an Accession Council made up of high-ranking politicians, bishops of the Anglican Church, together with secular representatives of the Kingdom. Queen Elizabeth II died on Thursday, aged 96, at Balmoral Castle in Scotland. She is to be brought to London, at Westminster Hall, and the public will have a few days to say goodbye. The funerals will take place at Westminster Abbey, the church where British kings are crowned. The BBC notes that the last funeral of a monarch at Westminster Abbey took place in the 18th century. After the funeral, to be attended by heads of state and government from around the world, the Queen will be taken to Windsor Castle and buried in the Saint George Chapel within its premises. The president of Romania, Klaus Iohannis, sent a condolence message to King Charles III. He will be officially proclaimed king in a ceremony to be held on Saturday, Buckingham Palace announced.

DEFICIT Romania's trade balance deficit in the first 7 months of this year increased by almost EUR 5.9 billion, to EUR 18.77 billion, as exports rose by 23.9% and imports increased by 29%, according to data provided by the National Statistics Institute, made public on Friday. Between January and July 2022, exports totalled EUR 52.67 billion, and imports EUR 71.44 billion. On the other hand, net investments in the national economy totalled EUR 11 billion in the first 6 months of this year, down 0.8% compared to the similar period in 2021, NSI data show.

ENERGY The Romanian Minister of Energy, Virgil Popescu, attended a special meeting of the EU Energy Council in Brussels on Friday, in the context of EU-wide discussions over the rise in energy prices. At the meeting, Romania supported measures such as capping Russian natural gas prices, a platform for the joint purchase of natural gas by the EU, and access to credit lines for companies with the European Central Bank, the Energy Ministry said. Romania also emphasised the importance of activating the EU Energy Platform for the joint procurement of natural gas, so as to ensure fair distribution of the additional gas and LNG procured by the Union. While in Brussels, Virgil Popescu had a bilateral meeting with his Bulgarian counterpart. Hristov Rossen. The two discussed the importance of regional cooperation for the joint purchase of natural gas, as well as for ensuring increased energy stability in the region. In another move, in Bucharest, energy operators have called on the Government to reconsider the order issued last week, which provides for capping and compensation of gas and electricity bills, as well as for over taxation of companies in the field. The Association of Energy Suppliers warns that the document was developed without consulting the participants in the field, thus jeopardizing the security of gas and electricity supply to consumers.

COHESION The Romanian Government has adopted measures concerning one-third of the cohesion fund, amounting to EUR 16 billion, the Minister for Investment and European Projects, Marcel Bolos, has announced. He has explained that the money can be used to access and develop investment projects in transport infrastructure, health, water supply and waste management. Under the cohesion policy, Romania has a EUR 43 billion budget until December 31st, 2029, the minister has stated. The projects mainly focus on the building of 600 km of motorway and 3 regional emergency hospitals, in Craiova, Iasi and Cluj-Napoca.

AID The European Commission has approved a EUR 4 bln aid scheme for Romania, in order to support businesses in all sectors in the context of the invasion of Ukraine by Russia. According to the EC, Romania's aid scheme is necessary, adequate and proportionate to remedy a serious disruption to a member state's economy, in accordance with EU state aid rules. Under this measure, the aid will take the form of guarantees for loans, with a maximum budget of EUR 3.6 billion, with the balance to be provided in direct grants. Support under the scheme will be granted until 31 December 2022 at the latest.

TENNIS The Romanian tennis players Sorana Cîrstea and Irina Begu, ranking 37 and 42 in the world, respectively, take part in the first edition of Ţiriac Foundation Trophy, held between the 10th and 18th September in Bucharest. The 2 players received wild cards from the organisers, and their current world rankings makes them seed no 1 and 2 in the tournament hosted by the Romanian capital city. Ţiriac Foundation Trophy is a WTA 125 tournament organised by the Romanian Tennis Federation and supported by the Ţiriac Foundation and the Sports Ministry. The main draw includes 32 players, and the doubles competition involves another 16. They compete for USD 115,000 in total prize money and 160 points in the WTA ranking. (AMP)
Publicat: 2022-09-09 20:00:00
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