The Romanian Development Coalition warns that the Romanian economy cannot sustain the 40% rise in pensions
The Romanian economy cannot sustain the 40% rise in pensions, given the negative evolution of the economy, caused by the pandemic of COVID-19, warns the Romanian Development Coalition. The organization condemns the populism manifested in Parliament by deciding to rise pensions several days before the elections and mentions that the business environment is worried that these measures will leave the state budget unable to make investments, which should be an engine to relaunch the economy. The Romanian Development Coalition reunites, among others, the American Chambers of Commerce in Romania, The Romanian Businessmen Association, the Romanian-German Chamber of Commerce and Industry, the Council of Foreign investors, the “Concordia” confederation and the National Council of Small and Medium Private Enterprises in Romania. The companies represented by the 25 business organizations have more than one million employees and generate almost 50% of the GDP.
The state budget finds itself under a great amount of pressure, said president Klaus Iohannis yesterday. He warned that if pensions will rise by 40%, as the Parliament decided, Romania might face suspension of European funds and a drop of its rating. “There have been very serious discussions with members of the European Commission who told us bluntly: “if this amendment passed by the Parliament is implemented, they will cut around 3 billion euro out of European funds, because we would violate several regulations in the treaties”, said the president.
COVID-19 outbreak at a Turkish firm that activates in Constanţa port city
The largest COVID-19 outbreak discovered so far in Constanţa district is at a Turkish firm that activates in Constanţa port city. 17 employees, who are Turkish citizens, have been confirmed to be infected with the SARS-CoV-2 virus and are all asymptomatic. They have been isolated in a building in the Constanţa Sud Agigea Port, where they will remain for 14 days and will be monitored by medical personnel. In the last 24 hours, in Constanţa district, 82 new coronavirus cases have been confirmed.
Romania took part in the military air exercise “Bomber Weapon Training”, organized by the American Air Forces deployed in Europe
Two Romanian military airplanes F-16 and two American strategic bombardiers took part today in the air exercise “Bomber Weapon Training”, organized by the American Air Forces deployed in Europe. In the Romanian air space, the exercise included missions of interception and escort and its objective was that of tightening the reassuring measures of the North-Atlantic Alliance in the South-Eastern part of Europe and building trust, for Romania, concerning the involvement of the United States of America in maintaining the regional security. According to a declaration from the Defense Minister, the involvement of the Romanian planes in such activities allows training the personnel to execute such missions and also contributes to the development of the multinational cooperation in the air domain.