News review of the day – October 7

US Ambassador to NATO: Romania can contribute to a political solution in the Syrian crisis

The US Ambassador to NATO  Douglas Lute has stated today that Romania can contribute to a political solution in the Syrian crisis given its operational Embassy in Damascus. The official has also underlined the role our country has within the coalition against the Islamic State.
Beyond military contribution, Douglas Lute has called on Romania to continue its committment to international efforts meant to alleviate the humanitarian crisis in Syria as well, RADIO ROMANIA reported.

Knesset Speaker Yuli Edelstein addressed the Romanian Chamber of Deputies

Speaker of the Knesset – Israeli Parliament – Yuli Edelstein has taken the floor during a plenum session of Romania’s Chamber of Deputies today pleading for tolerance and for lessons Romanians should learn from the Holocaust and mistakes in the past that they must prevent from reoccuring. The official is on a three-day visit to our country on the invitation of the Romanian Chamber Speaker.
Speaker of the Chamber of Deputies Valeriu Zgonea has declared that the visit has on its background the best bilateral relations over the last 67 years. Romania has taken significant steps against anti-Semitism and this was acknowledged by all international institutions, the Romanian Speaker added.
Speaker of the Knesset Yuli Edelstein is also going to meet Romania’s Senate Speaker Călin Popescu Tăriceanu  and will have talks with the Foreign Minister Bogdan Aurescu.

150-million-euros loan agreement between Romania and the Republic of Moldova

Romania and the Republic of Moldova have signed a 150-million-euros loan agreement today, in Chisinau. The decision had been made on September 22nd during a joint Cabinet meeting. The agreement will come into force once the two states ratify the document. Romania will grant the 5-year financing with a similar interest rate our country pays for loans on the capital markets.

Eugen Teodorovici: The first instalment, nearly 60 million euros worth, is scheduled for this November, the second one, 50 million euros worth, is scheduled for March 2016 and the third for 2017.
The Republic of Moldova will use the money for investment projects.

Moldova’s PM Valeriu Streleţ pointed out that this money will help reduce pressure on the Moldovan Leu which has been significantly depreciated since the start of 2015. The PM has also welcomed the agreement and underlined the „brotherly spirit” of the talks which have been swift and constructive ones.
Romania’s Finance Minister Eugen Teodorovici said legal grounds for this loan have been met as many critics in Bucharest and Chisinau had considered that IMF should first OK the agreement given the current negotiations with authorities in Chisinau.

Fiscal relaxation measures contributed to IMF”s improved forecast for Romania”s economy – Finance Minister

Finance Minister Eugen Teodorovici considers that positive review of IMF’s forecast regarding Romania’s economic growth prove the pertinence of fiscal relaxation measures implemented by the Cabinet.

Eugen Teodorovici: Measures advocated by the Cabinet have now come to fruition. Here is why those fiscal relaxation measures that have frequently been criticised finally bring positive results. I’ve had talks at the ECOFIN Council in Luxembourg yesterday with fellow finance ministers who are now admitting our forecast is starting to happen. Which is, yet again, a good sign for all Romanians.

The International Monetary Fund has significantly improved its outlook on Romania’s economy which now estimates a 3.4 % growth for 2015 and 4% for 2016.

Romania’s economy has registered a 3.8% growth in the first semester

Romania’s economy has registered a 3.8% growth in the first semester, according to temporary data publsihed today by the National Institute of Statistics (INS). The growth registered in the first quarter was slightly higher, by 0.1 %, than the initial forecast. Significant shift in economic growth contributors has been noticed in export and import of goods and services.
Romania’s GDP in the second semster is also expected to grow by 3.4% in unadjusted series (corresponding month of the previous year). Use of the GDP has seen significant changes in export and import of goods and services. Trade, communications as well as industrial production and constructions have contributed to economic growth in the first half of the current year.

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