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However, as we highlighted in our note of 29 April , the next six months will be crucial for rating agencies and markets. Second, hopes are underpinned by a credible medium-term fiscal strategy post-election around December For now, near-term risks of a downgrade have disappeared but uncertainty about the pension hike and populistic initiatives ahead of the elections mean that downgrade fears will run high into the rating reviews in 4Q20 and beyond see table below for review dates and rating drivers.

While the matter is still subject to negotiations, at least at first sight Romania will be one of the main beneficiaries, standing to receive around EUR31bn, roughly split into EUR According to official statements, the funds will be primarily used for highways, healthcare and education. Recognising the complexities in negotiation patterns at the EU level, we are waiting for the final version of the plan to be approved before starting to crunch numbers and estimating how much the fiscal story will be influenced.

After a surprisingly resilient 1Q20 when the economy advanced by 0. As we have highlighted before, the pre-election environment makes estimations particularly uncertain, on top of the already high uncertainties generated by the coronavirus outbreak. On monetary policy, the NBR recently cut the key rate from 2.

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Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy. Back in ,. Initially planned for launch in Q4 , auDA announced recently that the launch of direct registrations would be delayed, and is now likely to take place in the first half of It also stated that further time was required to promote awareness amongst new audiences, share more widely auDA’s plans to simplify the licence rules and to consider and avoid any potential implementation issues.

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Romania: S&P offers much-needed reprieve

Until now, all wholesale electricity transactions had to be concluded on centralized markets in a transparent, public, competitive and non-discriminatory manner, with limited exceptions for small generators. But is it enough? The ban on directly-negotiated power purchase agreements PPAs came in in the context of highly politicized discussions about directly-negotiated PPAs concluded by state-owned generators with well positioned traders in unfavorable conditions for the generators.

Introduced to avoid discrimination in the market, the ban was general and, as such, negatively affected the development of renewable projects by damaging their bankability. Rather, it extends exceptions to it to include energy production capacities commissioned after 1 June

Str. Babadag , Tulcea, Romania – Great location – show map. After booking, all of the Check-in date. Check-in date. Check-out date House rules Hotel City takes special requests – add in the next step! Check-in. PM ​.

Pick your preferred language. We speak English and 43 other languages. Check for travel restrictions. Travel might only be permitted for certain purposes, and touristic travel in particular may not be allowed. Read more. Babadag , Tulcea, Romania — Great location – show map. One of our best sellers in Tulcea! This hotel is located in Tulcea, 1, feet from the center and 1. It offers air-conditioned rooms with cable TV, mini-bars, balconies and private bathrooms. The restaurant at Hotel City serves breakfast from to and guests can sample international cuisine as well as fish specialties.

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The aim of the national day is to inform the public, including young people, about the role of Christianity in the history of Romania and of the nature and extent of anti-Christian persecution, which continues to these days. Open Doors Christian ministry warns that the persecution of Christians continues to this day. A statement that will be discussed was made earlier in the morning by Archbishop Eirinaios of Crete, during the On Saturday, September 19, , the inaugural event of the Holy Archdiocese of Australia for the celebrations of the Turkish President Recep Tayyip Erdogan responded to the latest Greek Navtex with a barrage of threats, stressing that “from Sign up for our weekly newsletter Leave this field empty if you’re human:.

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Credit: Thales. They say that this is problematic because Zamfir is 68 years old — three years over the legal age limit for such a public-servant position. They also filed a complaint against Ciuparu, acusing him of abuse of office, and allege that Zamfir is complicit in the abuse. Zamfir and Ciuparu deny abuse of office. Zamfir says that the age limits on the directorship were brought in only after he was originally appointed in , and that the extension to his contract aligns with laws in existence when he signed a previous contract.

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Following current re-regulation with the Romanian iGaming marketplace, another sector dealer with aspirations to enhance the existence across controlled jurisdictions has become awarded a licenses with the aim from the neighborhood gaming expert. The iGaming dealer enjoys come awarded a B2B provider license, which authorizes it to supply internet casino content through the gold round platform.

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