News review of the day – November 7th

Victor Ponta and Klaus Johannis will campaign again

The candidate of the  PSD-UNPR-PC,  Victor Ponta, and the one of the Liberal Christian Alliance, Klaus Johannis, will start the election campaign again, after the Constitutional Court validates the final results of the first round of the presidential elections. Provisional final results announced by the Central Electoral Bureau show that Victor Ponta obtained 40.44 percent of the valid votes, and Klaus Johannis 30.37 percent. The Ministry of Foreign Affairs will discuss with the ambassadors and consuls how to organize properly the second tour of the presidential elections at the polling stations abroad. After the meeting, the Foreign Ministry will make public the conclusions.

Inflation forecast for next year was downgraded

The Romanian National Bank has reduced by one third the inflation forecast, from 2.2 percent to 1.5 percent for this year, mainly due to lower domestic demand and international developments, the National Bank Governor Mugur Isărescu has announced today. At the same time, he has estimated  that next year, the prices for tobacco and alcohol will drop slightly, while other products subject to excise duty, such as fuels, might become more expensive.

Partnership Agreement between Romania and the European Commission

The Partnership Agreement between Romania and the European Commission will be launched, today, in Bucharest. The document regulates the way the European funds allocated to Romania, between 2014-2020, will be used. The agreement will be launched in the presence of the European Commissioner for Regional Policy, Corina Cretu, who will be for two days in Romania and will meet the Prime Minister and several Cabinet Ministers. In the programming period 2014 – 2020, Romania benefits from European funds in the amount of about 43 billion euros, out of which about 22 billion euros are cohesion funds. The money will be used for infrastructure projects in healthcare and education, development and modernization of local communities, creation of new jobs and to recover development gaps with the European Union.

Joint exercises of Romanian and American troops at sea

The Romanian and American troops are participating in a joint military exercise at sea for searching  a submarine  and identification of air  targets. The American destroyer USS ROSS, two Romanian corvettes, an IAR 330 Puma Naval helicopter  and two MiG-21 Lancer jets are participating in the exercise. Today’s training is part of the package of measures to increase the level of trust and security in the Black Sea.