Head of IMF mission in Romania has put in the conclusions of the annual review on the country’s economy
Representatives of the International Monetary Fund in Romania have brought forward the conclusion of the annual assessment on the Romanian economy. At present, Romania has no financing agreement underway with the IMF. The IMF experts say that, in spite of an economic growth driven by consumption, Romania’s economy has remained strong, reducing the gap between Romania and developed countries, but also that macroeconomic imbalances have deepened, the tax deficit has risen and so did the inflationist pressures. The head of the IMF mission, Jaewoo Lee, has underlined that if the current course of politics does not change, the progress in convergence may suffer, and pensioners and poor people are likely to be most affected. He has also mentioned the need of a correlation between wage increases and productivity, and also a higher stability and legislative predictability, especially in the fiscal field.
Romania is a candidate to become a non-permanent member of the Security Council
The United Nations General Assembly is electing by a secret vote five new non-permanent members of the Security Council. Romania is among the candidates. The Security Council, made up of 15 member states, is the most powerful institution of the United Nations and the only global organism which can authorize a war. There are five permanent members in the Security Council, which have a right to veto: United States, Russia, China, France and United Kingdom. Other ten members are elected for a two-year mandate, after which they are replaced by countries from the same geographic area. Five seats will become vacant in 2020 – two for Africa, one for the Asia-Pacific region, one for Latin America and Caraibe and one for Eastern Europe. In order to be elected in the Security Council, a country needs the backing of two thirds of the General Assembly, meaning at least 129 votes of the 193 countries eligible to vote.
President Klaus Iohannis has rejected the nomination of Titus Corlatean as a deputy prime minister
The Romanian President, Klaus Iohannis, has rejected the nomination of Titus Corlatean as a deputy prime minister in charge of implementing strategic partnerships. The head of state has sent a letter to Prime Minister Viorica Dancila, asking her to make another nomination, as he believes that Titus Corlatean does not have a good reputation, for poor management during his tenure of foreign minister. However, the president has signed the decrees to appoint Ana Birchall as a Justice Minister, Roxana Manzatu in charge of European Funds and Natalia Intotero as Minister for Romanians Abroad.
Mădălina Brotăcel, RADOR
