Dancila Cabinet Close To Being Shuffled

Dancila Cabinet is on the verge of being shuffled and the propositions of Prime Minister Viorica Dancila will be discussed within the Executive Committee of the ruling Social Democratic Party (PSD), as well as will the colleagues in the ruling coalition.

Deputy PM Viorel Stefan is rumoured to take over the position of president of the Insurance Supervisory Authority ASF, being replaced by Niculae Badalau as deputy PM.

Justice Minister Tudorel Toader is expected to be shuffled and could be replaced by Eugen Nicolicea, according to social democrat sources.

Development Minister Paul Stanescu might also be shuffled and replaced by acting Labor Minister Lia Olguta Vasilescu, whereas the Labor Ministry could be run by Adrian Solomon, the president of the Chamber of Deputies’ labor committee.

Transport Minister Lucian Sova could be replaced by former minister Felix Stroe or the former head of Bacau County Council, Dragos Benea. The Education Ministry could be run by senator Daniel Breaz.

Economy Minister Danut Andrusca, Youth and Sports Minister Ioana Bran and Culture Minister George Ivascu might also be shuffled. (puterea.ro)

Romanian Senate Rejects Civil Partnership Proposal   Romania’s Senate voted on Monday to reject a bill establishing civil partnership in the country, which would have added judicial rights to couples who did not want to marry, including same-sex couples.

The bill was rejected after senators voted with 92 for, 11 against and one abstention to adopt the judicial and human rights committee report published last week, which recommended against passing the bill.

The bill, initiated by independent MP Oana Bizgan, established the institution of civil partnership for couples who do not want to marry, including same-sex couples.

It would also grant them the same rights and obligations regarding social and health insurance, labor and social assistance as those of married couples, while foreign citizens who will be in a civil partnership with a Romanian citizen benefit from the same procedure of gaining citizenship as they would through marriage.

The initiative was first announced by the ruling Social Democrat Party, but parliamentary support for it appears to have faltered after a referendum which would block same-sex marriage failed to reach the required vote threshold on October 6 and 7.

The Lower Chamber is due to vote on the bill now, as a deciding body in the matter. (romanialibera.ro)

Unexpectedly Warm Weather In Romania

Temperatures will rise across Romania and there will be light rain only in some areas. Temperatures will range from 19 to 24 degrees Celsius.

Maximum temperatures will range, in general, between 19 and 24 degrees Celsius in the regions of Transylvania and Maramures.

The lowest temperatures are expected in hollows in eastern Transylvania) and 22 to 27 degrees are expected in the rest of regions. (evz.ro)

Central Bank Injects RON16.6B Into Money Market In This Year’s 8th Repo Operation  

Romania’s central bank on Monday pumped 16.65 billion lei (EUR3.56 billion) into the money market within the eighth repurchasing agreement operation in 2018 and the biggest of the last 17 years.

The interest rate for this operation was 2.5%, equal to the monetary policy rate, set at this level this spring. It is the second repo operation conducted in October 2018.

Previously, the biggest repo operation, of RON13.85 billion, was conducted on June 25, 2012, at an interest rate of 5.25% and with a seven-day maturity.

The interest rate for the eight repo operations conducted in 2018 was 2.5%, the monetary policy rate since May 8, 2018, and with a seven-day maturity.

The central bank resumed liquidity injections in August 2018 after a nearly seven-month break, in order to mitigate the increase in money market rates.

A repo operation is an operation whereby the central bank temporarily buys government paper held by lenders in exchange for cash, under the agreement that the lenders will repurchase the assets in question later at a price set on the date of the transaction. (romanialibera.ro)

Subiecte #press review