Romanian President Klaus Iohannis attends the EU-Gulf Cooperation Council Summit
Romanian President Klaus Iohannis attends the EU-Gulf Cooperation Council Summit. Tensions in the Middle East dominate the agenda of the European Union-Gulf Cooperation Council summit in Brussels on Wednesday. This first summit between European leaders and Gulf partners could also discuss sanctions against Russia and countries that supply arms to Moscow, including Iran.
Romania to adopt a law on the authorization and supervision of insurance and reinsurance activity
The Romanian government is also expected to approve a draft law on the authorization and supervision of insurance and reinsurance business at Wednesday’s cabinet meeting. The document provides for the Financial Supervisory Authority (ASF) to send information on the solvency of insurance and reinsurance firms to a single access point at European level, which is included in the report that the ASF publishes annually. Also on Wednesday, the Romanian executive will also discuss a draft emergency ordinance on the financing by Romania of the training of Ukrainian personnel on F-16 aircraft at the 86 Fetești Air Base.
All products processed in Romania will benefit from a cap on the commercial duty
All products processed in Romania will benefit from the capping of the trade surplus, said Romanian Agriculture Minister Florin Barbu. To that effect, a draft ordinance would be launched for public debate in the near future and would be further approved by the government. The agriculture minister also said that the legislative act will benefit the entire food chain without destabilizing the market and gave some examples of products that have become cheaper following a similar measure applied since last year. „We are talking about all products that are processed in Romania. We still have a discussion with retailers and processors and probably in the next period the project will be launched for debate and will be approved by the government. Tens of thousands of products will be. Compared to last year, this month, when the cap on the commercial addition was introduced, sugar has decreased by 24.1%; sugar was around 10-11 lei, now we can find sugar for 5.5 lei,” said Florin Barbu. The Romanian Minister of Agriculture also said that the draft ordinance is 90% finalized, currently retailers and processors still need to make an assessment on certain products.
Magda Baciu
