English Section

8 iulie 2020

The schedule of economic recovery is accelerating

(Translated by Cosmin Ghidoveanu)English Section / 3 iulie 2020

Following the emergency measures, the Government has launched a new phase to support the economy - grants for business development and to accelerate the computerization process, support for greenfield and for workforce employment, non-reimbursable financing programs for companies, which will help to grow competitiveness.

THE NATIONAL INVESTMENT AND ECONOMIC TURNAROUND PLANMicro-enterprises urge the immediate intervention of the Government

GEORGE MARINESCU (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 2 iulie 2020

The economic turnaround plan proposed by the Orban government hasn't thrilled the experts, because according to its contents, it doesn't seem meant to quickly resolve the dramatic situation which tens of thousands of microenterprises that have been affected by the quarantine are faced with. Especially since the regulations for the implementation of this plan will be passed within a maximum of 30 days, according to the statement made by PM Ludovic Orban in the beginning of yesterday's government meeting.

COMPUTERIZATION OF ROMANIA AND 5G TECHNOLOGY" VIDEOCONFERENCE/ MARIAN MURGULEŢ, SECRETARY OF STATE, GOVERNMENT CIOGeneral Government Secretariat: "The electronic identity card will make the digital transformation of Romania irreversible"

(Translated by Cosmin Ghidoveanu)English Section / 1 iulie 2020

Our country will advance at least five places in the DESI ranking (ed. note: - Digital Economy and Society Index), in the first year after the implementation of the four projects, which the current Executive wants to carry out, said Secretary of State Marian Murguleţ, Government CIO with the General Secretariat of the Government

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Terrorist attack at the biggest stock exchange in Pakistan

Terrorist attack at the biggest stock exchange in Pakistan

A.V. (Translated by Cosmin Ghidoveanu)English Section / 30 iunie 2020

The Karachi stock exchange, Pakistan's biggest, was attacked yesterday by a group of militants armed with machine guns and grenades, an incident in which the attackers and members of the security personnel, as well as a policeman, were...

THE STOCK MARKET DURING THE "COVID-19" PANDEMIC VIDEOCONFERENCE / SEBASTIAN BODU, STATE COUNCILOR WITH THE CHANCELLERY OF THE PRIME MINISTER:"The Sovereign Wealth Fund will be a private-equity fund with subscriptions in companies not listed on the stock exchange"

G.M. (Translated by Cosmin Ghidoveanu)English Section / 26 iunie 2020

Within a maximum of three weeks, the government will approve the decision to set up the Sovereign Investment Fund, which will be a private-equity fund with money from the state budget, said Sebastian Bodu, state councilor in the Chancellery of...

Nicu Marcu, validated by Parliament as head of the ASF

Mihai GongoroiEnglish Section / 25 iunie 2020

Nicu Marcu, the only candidate for the position of president of the Financial Supervision Authority (ASF), was voted, yesterday, by the reunited plenary of the Chamber of Deputies and the Senate for the remainder of the term until 2023 at the...

The chairman seat awaits Nicu Marcu

Mihai GongoroiEnglish Section / 19 iunie 2020

The official withdrawal from the race of PSD senator Daniel Zamfir leaves free room to Nicu Marcu for the position of chairman of the Financial Oversight Authority (ASF). Marcu, currently vice-president of the Court of Auditors, has both the...

The Covid-19 pandemic - threat or a false alarm?

George MarinescuEnglish Section / 16 iunie 2020

From the article "Will we return to normal or not?" published in BURSA about a week ago, where we pointed out that the pandemic is behaving like a montagne russe, with the number of infections in Romania being up continuously,...

The Euro - every which way

The Euro - every which way

MIHAI GONGOROI (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 12 iunie 2020

Romania doesn't meet any of the four criteria for joining the Eurozone and switching to the Euro, the European Commission said, in its convergence report published yesterday.

The virus tends to isolate Italy economically from the EU

The virus tends to isolate Italy economically from the EU

Adelina Toader (Translated by Cosmin Ghidoveanu)English Section / 22 mai 2020

The blow dealt to Italy by the health crisis comes at a time when the country's economy and finance weren't exactly the most stable. Italy's public debt amounted to over 134% of its GDP at the end of last year, according to Reuters,...

The bomb is ticking at the ASF!

The bomb is ticking at the ASF!

EMILIA OLESCU (translated by Cosmin Ghidoveanu)English Section / 14 mai 2020

The scandal surrounding the Financial Oversight Authority (ASF) has escalated to a pitch, lately. The protests in the insurance sector, as well as the chaos in the stock market come amid the lack of supervision, those involved say.

The ASF needs to be cleansed

The ASF needs to be cleansed

MAKE (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 12 mai 2020

The inability of the Financial Oversight Authority (ASF) to fulfill its role is now visible, without the need for specialized subtleties, because the chaos induced in the SIF market has reached the stage where it requires the intervention from...

Grassroots democracy

CITIZENS TAKE OVER EUROPEGrassroots democracy

Cornel Codiţă (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 11 mai 2020

The diagnosis does not need many validations and revalidations: Democracy, in its very home, in the Western space of of its creation and historical development, is suffering. It is in trouble. It is weak, where it should have excelled: the...

The ECHR ruled that the dismissal of Kovesi was illegal

The ECHR ruled that the dismissal of Kovesi was illegal

George Marinescu (Translated by Cosmin Ghidoveanu)English Section / 6 mai 2020

Laura Codruţa Kovesi, chief-prosecutor of the European Prosecutor's Office, has won in the European Court of Human Rights the lawsuit brought against the European Court of Human Rights, in the case of her illegal dismissal from the position...

The flight to gold

The flight to gold

Adelina Toader, Emilia Olescu (Translated by Cosmin Ghidoveanu)English Section / 4 mai 2020

Dochia: "If stock market prices rise for two or three weeks, then the rise of gold will slow down"  

What will the post-pandemic world look like

What will the post-pandemic world look like

Mihai Gongoroi (Translated by Cosmin Ghidoveanu)English Section / 29 aprilie 2020

The biggest challenge for the world right now is to find a way out of the Covid-19 pandemic, with a focus on avoiding new epidemic waves after social distancing measures are loosened, says Andre Cappon, founding president of CBM Group of New York.

The coronavirus has changed the direction of the world

The coronavirus has changed the direction of the world

George Marinescu (Translated by Cosmin Ghidoveanu)English Section / 28 aprilie 2020

Prior to the pandemic, one of the main concerns of the entire world was the military. According to a report by the Stockholm International Peace Research Institute (SIPRI), last year, the biggest amount ever was spent globally, respectively 1.9...

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