UNPR Youth Organization Switches To Social Democrats

The Social Democratic Party will take over the members of UNPR’s youth organization after the latter party announced it was merging with Traian Basescu’s PMP.

“Today, progressive youth chooses and decides to join social democratic youth and the Social Democratic Party. Unfortunately, and we are very upset about this, we heard about the merger with PMP in the media. That hurt us deeply because we, in UNPR, worked hard and trusted leaders who are no longer with the party. We treated the new leading team with the same confidence but we were very upset when we learned about the merger with PMP from TV,” said UNPR youth organization president Cezar Stancu.

Following this move, the Social Democratic Party gets more than 2,000 new members. (Adevarul)

Craiova Mayor Lia Olguta Vasilescu Indicted For Corruption

Lia Olguța Vasilescu, mayor of Craiova, southern Romania, has been indicted by anticorruption prosecutors.

Vasilescu wrote on Facebook she doesn’t know what took prosecutors so long to indict her considering the contents of her file.

Vasilescu is accused of bribe taking and money laundering. (Puterea)

15 Chinese Companies Interested In Investing In Romania

A number of 15 companies in China are interested in investments and collaboration opportunities in Romania, Lu Xinhua, former deputy minister for foreign affairs, told newspaper Adevarul in an interview.

Most of the companies interested in Romanian investments operate in the infrastructure sector. Among them are motorway builders Beijing Urban Construction and Zhejiang Communications Construction Group, and railway company Jingxi Santiny Technology. (Adevarul)

IMF Cuts Global Growth Forecasts on Brexit, Warns of Risks to Outlook

The International Monetary Fund cut its forecasts for global economic growth this year and next as the unexpected U.K. vote to leave the European Union creates a wave of uncertainty amid already-fragile business and consumer confidence.

“The Brexit vote implies a substantial increase in economic, political, and institutional uncertainty, which is projected to have negative macroeconomic consequences, especially in advanced European economies,” according to the IMF’s World Economic Outlook Update released Tuesday.

The global economy is projected to expand 3.1% this year and 3.4% in 2017, according to the IMF. Those forecasts represent a 0.1 percentage point reduction for both years relative to the IMF’s April World Economic Outlook. (Romania Libera)

Over 25,000 Vacant Jobs Available In Romania

Romania has over 25,000 job vacancies, according to a report of the national employment agency.

The agency said in a press release most jobs are available in Bucharest (3,850) and counties (1,830), Sibiu (1,521) and Ilfov (1,267).

Counties with the lowest number of job vacancies are Caras-Severin (107), Botosani (103), Bacau (95) and Mehedinti (71). (Puterea)

Subiecte #press review