Bucharest International Air Show Held Saturday On Baneasa Airport
The Baneasa airport in Bucharest will be hosting on Saturday the Bucharest International Air Show (BIAS), the biggest air show in Romania, which will be performed by several aircrafts from Romania, as well as from six countries.
The event will start at 10 a.m. with a ceremony followed at 11 a.m. by the actual show.
The Romanian Air Force, along with profile institutions, will be using MiG-21 LanceR aircrafts at the show. This year’s BIAS will host, for the first time, air armies from Bulgaria, the Czech Republic, Greece, Spain, the United States of Americ and Ukraine. (Adevarul)
Doctors Disappointed By Negotiations With Officials Of Labor And Health Ministries
Representatives of doctors’ federations are not pleased with the outcome of the first round of talks held Thursday at the Health Ministry headquarters, because authorities agreed only with few of doctor’s demands.
The president of the „Sanitary Solidarity” Federation, Doctor Florin Chirculescu, said Government representatives agreed with paying the night shift bonus only for the night shift included in the labor contract, with considering overtime when calculating the quantum of pensions, but the measure will not be applied retroactively, and they also want doctors to have the possibility to refuse to perform extra night shifts. (Evenimentul Zilei)
U.S. Crude Prices Hit Three-Month Low
Oil prices fell close to three-month lows after U.S. industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging down prices.
Global benchmark Brent crude was on track for the first monthly loss since January and the largest of 2016.
U.S. West Texas Intermediate (WTI) crude was trading down 26 cents at $42.66 a barrel, close to a three-month low of $42.36 reached on Tuesday.
Trade group American Petroleum Institute (API) said after the market’s settlement that U.S. crude stockpiles fell by 827,000 barrels last week, compared with analysts’ expectations for a drawdown of 2.3 million barrels. (Adevarul)
Central Bank Official Issues Major Warning For Romania
Central bank chief economist Valentin Lazea issued a major warning regarding the actions of the political class in Romania.
Lazea said the country’s current economic growth is generate by an economy „doped with stimulants,” which will cause misbalances.
According to Lazea, fiscal relaxation and wage hike measures have a limited effect and cause misbalances. He added these measures represent a solution that leads to bankruptcy. (Evenimentul Zilei)
Save Romania Union Targets 10% At Fall Elections
Nicusor Dan, head of the Save Bucharest Union (USB), said the national variant of his party, namely, the Save Romania Union (USR), was registered in the Registrar of Political Parties.
Dan said the new party wants to obtain 10% at the parliamentary elections due this fall, adding a merger congress between USB and the Save Romania Union (USR) will be held at the middle of August. According to Dan, the procedure is highly necessary so that USB can be absorbed by USR until the parliamentary elections.
Dan pointed out that USR supports a government run by current Prime Minister Dacian Ciolos, which boasts the necessary “honesty and competence.” (Puterea)