Finance Ministry Gives Assurance To EC That Budget Deficit Won’t Exceed 3%
The Romanian Finance Ministry sent a letter to European Commissioners Valdis Dombrovskis and Pierre Moscovici, saying that Romania’s budget deficit would not exceed 3% although the European Commission showed that the country would exceed the deficit target, reaching 3.6% in 2017.
The letter from the European Commissioners was sent to the Finance Ministry in the context of the publishing of the EC annual analysis of the economic and social situation in the member states, including an assessment of remaining imbalances.
According to the report, 12 member states are facing either imbalances or excessive imbalances and they will be subject to specific monitoring adapted to the degree and nature of their imbalances. Romania was only sent a formal letter, as no economic imbalances were identified.
According to the EC’s Country Report on Romania “reversing past consolidation, fiscal policy turned pro-cyclical in 2016 and the deficit is widening. Driven by significant tax cuts and expenditure hikes, the general government deficit increased to 2.8 % of GDP in 2016 and is projected to increase further to 3.6 % in 2017 and 3.9 % in 2018”.(mediafax.ro)
EJobs: 52% Of Romanians Expect Wage Hike In 2017, 39% Plan To Change Jobs
Over 50% of the Romanians expect their salary to increase in the next 12 months, while 39% say they want to find another job, in order to improve their professional situation and get a higher salary, according to a study by online recruiting platform eJobs.
Nearly half of the Romanians (47%) believe that the number of jobs will increase in the next 12 months and 69% consider that employers will focus mainly on specialized workforce.
23% of the respondents say they are satisfied and very satisfied with their current job, 54% believe they can do better and 23% are not satisfied with their job. (mediafax.ro)
Liviu Dragnea: Klaus Iohannis Should Come Up With Nomination For SIE Head
PSD president, Liviu Dragnea, stated Tuesday that he hopes he would not find out “from the envelope” about the nomination of Klaus Iohannis for the position of head of Foreign Intelligence Service (SIE), adding that the President should take into account a balance between the power and the opposition and avoid a deadlock in the Parliament.
“After the decision in the plenum, this position is officially vacant and I think the President should come up with a nomination at the Parliament in reasonable time. It’s an important institution. It’s the second secret service in Romania, alongside SRI. This institution should be led by a person based on the legitimacy given by the Parliament’s vote,” Dragnea said. (mediafax.ro)
Chamber Of Deputies Sets Day Of March 25 As National Forests Day
Chamber of Deputies set the day of March 25 as National Forests Day for raising awareness on the durable development of the forests, “to the benefit of the present and future generations”.
The law on setting the day of March 25 as national day of forests is aimed at “raising awareness about the management, preservation and durable development of all types of forests, to the benefit of the present and future generations. The central public authority in charge with forestry, the administrators of public forests, private forest ranges, together with the local public authorities and non-governmental organizations can organize public actions dedicated to the national forests day,” according to the report approved by the Chamber of Deputies. (mediafax.ro)