Weekly Policy and Political Report August 29 – September 5, 2017
The Parliament convened in the second leg of this year’s legislative session on Friday, September 1, followed by restarting the activity in the specialized committees the following week, on Tuesday, September 5, 2017. The ordinary legislative session coincides with an overabundance of crucial and potentially controversial policies, as well as rumors (albeit fueled by the members of the cabinet or governmental sources quoted in the national media) on attempts to take over Pillar II pension fund, or to break ground at the Roșia Montana gold mines.


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Progress Report on Fiscal Policies, August 21 – 29, 2017
The main story of the last week’s financial overview is Government’s alleged plan to transfer part of the contributions from the mandatory private pension funds (Pillar II) to the public pension system (Pilar I), reducing the contributions to the second pillar from 5.1% to only 2.5%. According to economic publication Profit.ro quoting governmental sources, the plan was announced by FinMin Mișa during a meeting with the representatives of the Professional Association of the Private Pension Managers (APAPR) and is set to be enforced starting next year.  


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Weekly Policy and Political Report, August 21 - 29, 2017
Sunday, August 27 marked another rally against proposed changes to the justice system. Hundreds of people in the major cities, as well as 1500-3000 protesters in Bucharest took to the streets against the measures proposed by the Ministry of Justice in the Draft Bill amending the Justice Laws. Apart from the Justice Laws, the proposed super-excise on fuel as well as the changes in the Pillar II pension system were the main issues raised by the protesters, who just as past winter demanded the PSD Government to resign.


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Progress Report on Fiscal Policies August 15 - 21, 2017
Data published on August 16 by the National Institute for Statistics show an accelerated economic growth for 2017’s second quarter, with a 5.7% growth compared to the same period in 2016 and a 1.8% increase compared to Q1 in 2017.  Data released by Eurostat later that day confirms INS’ numbers, and positions Romania as the European Members State with the highest economic growth at 5.7% compared to a n EU average of 2.3% (from an average of 2.1% increase for Q1).  


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Weekly Policy and Political Report August 15 - 21, 2017
The Parliament resumes its activity at the beginning of September, political parties and MPs alike announcing their agendas. Initially scheduled to be put up for debate on August 23, the legislative package that came to be known as the “Justice Laws”, amending the Civil and Criminal Codes, was rescheduled for September 1st. As the legislative package will most likely include new rules for abuse of power it is expected that the Draft Bills further polarize political parties in Parliament.


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