Romania To Be Hit By Snow In November
Romania is about to experience an early winter, with snow expected in the mountains starting November 1 and countrywide starting November 20, forecasters have warned.
Ion Sandu, director of the National Meteorology Administration (ANM), said temperatures will be lower in December, but close to normal in January and February.
Sandu also said it will be a normal winter season, with average temperatures of nearly minus 10 degrees Celsius. (Adevarul)
Gendarmerie To Impose Harsher Measures Regarding Spontaneous Protests
The gendarmerie wants to impose harsher measures as regards staging spontaneous protests, given the large number of unauthorized demonstrations organized in capital city Bucharest and countrywide.
Authorities plan to impose harsher rules so that main streets would no longer be blocked by protesters. (Jurnalul National)
BNR: Romanian Banks Could Handle Another Recession, Stress Test Shows
All but a handful of small banks could withstand another recession in Romania in the short-term, and the system in general is well equipped to ward off severe economic shocks while maintaining an adequate solvency ratio, according to the central bank’s latest stress tests.
The central bank tested how local lenders would be affected under adverse economic conditions, including a sharp and continuous depreciation of the local currency, of over 20% against the euro, a two-year recession, higher borrowing costs and economic downturn in the eurozone.
“The results of the stress test regarding the solvency ratio of the banking system indicate the system is generally well positioned to withstand significant macroeconomic shocks while preserving an adequate solvency ratio level,” the central bank said.
Chevron To Resume Shale Gas Exploration In Romania Once Doubts Concerning Methods Eliminated
U.S. energy giant Chevron will resume shale gas exploration in Pungesti commune, eastern Romania, when it is clear to everybody that the methods used by the company are the best, Chevron manager Tom Holst said in Washington.
Exploration will be resumed once the safety of Chevron’s employees, the community and constructors is ensured, Holst told Prime Minister Victor Ponta, who is on an official visit to the United States.
Chevron has delayed plans to drill for shale gas at its field in Silistea locality, in the eastern commune of Pungesti (Vaslui county) in response to protests against hydraulic fracturing, or fracking, a controversial process used to extract gas and oil from shale deposits.
Venice Commission: A Legal Body Should Rule On President Impeachment
The president of the Venice Commission, Gianni Buquicchio, told news agency MEDIAFAX, that the impeachment of the country’s president should be decided by a legal body, not by Parliament.
Buquicchio said Romania must regulate impeachment procedures, as one must make a clear distinction between the president’s legal and political responsibility. (Evenimentul Zilei)