English Section

15 martie 2021
The increase in non-performing loans - one of the risks of the banking system this year

The increase in non-performing loans - one of the risks of the banking system this year

Recorded by Emilia Olescu (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 15 martie 2021

An increase in the volume of non-performing loans is one of this year's risks for the banking system, Gabriela Folcuţ, Executive Director of the Romanian Banking Association (ARB) told us. "The Balance of Non-Governmental credit evolved by 5.5% in 2020, as the economy contracted by 5.2%, according to estimates. Thus, paradoxically, we could also witness an increase in the degree of financial intermediation, up from 25%.".

OECD says the Biden plan will bring about an increase of 1% to the global economic growth

OECD says the Biden plan will bring about an increase of 1% to the global economic growth

V.R.English Section / 12 martie 2021

The US economic stimulus plan, proposed by President Joe Biden, was passed on Wednesday after receiving the final vote in the House of Representatives, creating a success for Joe Biden, 50 days after his appointment into office, but only Democrats voted in favor. The plan had received the vote of the Congress on Saturday, after certain amendments made to the version previously passed by the House of Representatives.

The war over the budget, or shivering during the cold transition

The war over the budget, or shivering during the cold transition

Emilia Olescu, George Marinescu (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 9 martie 2021

Drawing up the state budget draft, resuming the school year, in the second semester, with pupils and students physically attending courses, the waiving of free access to railroad transport for students, the protests of the public sector employees and the beginning of this year's first ordinary session this year of Parliament are some of the factors that influenced the economic and political activity in February.

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The plague of dancing

The plague of dancing

Cornel Codiţă (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 9 martie 2021

Cornel Codiţă (TRANSLATED BY COSMIN GHIDOVEANU)

Tens, hundreds, sometimes thousands of people are seized by a frenzy of dancing, without any cause or plausible motivation, a frenzy which they are unable to control and which only total physical exhaustion ends. The collective phenomenon...

The takeover of Electroargeş SA, blocked by the initiative of a former member of the Board of Directors of SAI Muntenia Invest

THE ASF, THE INSTITUTION OF THE DRĂGOI CLAN?The takeover of Electroargeş SA, blocked by the initiative of a former member of the Board of Directors of SAI Muntenia Invest

GEORGE MARINESCU (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 15 februarie 2021

The Financial Oversight Authority does not hesitate to amaze us every day through its rulings made in certain cases, in which either the Drăgoi family is involved, or its employees appear ephemerally, who make allegedly totally disinterested...

Currency war against European citizens

Currency war against European citizens

CĂLIN RECHEA (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 2 februarie 2021

European Central Bank officials recently came to the press with statements questioning the "truth value" of the declarations made by the institution's president, Christine Lagarde.

"Energy consumers need to escape the captivity of the universal service"

THE BURSA VIDEOCONFERENCE - "ELECTRICITY ON THE FREE MARKET. BILLS: WILL THEY GET HIGHER OR LOWER?" / NICULAE HAVRILEŢ, STATE SECRETARY, MINISTRY OF ENERGY:"Energy consumers need to escape the captivity of the universal service"

A.V. (TRANSLATED BY COSMIN GHIDOVEANU)English Section / 27 ianuarie 2021

The current concern in the electricity sector is for all consumers to enter the competitive market, and the most important thing is that they "escape captivity," according to Niculae Havrileţ, secretary of state in the Ministry of Energy.

The time for censorship

The time for censorship

Cătălin Avramescu(Translated by Cosmin Ghidoveanu)English Section / 12 ianuarie 2021

Twitter has permanently shut down the Donald Trump's account. For some, that may seem like good news. The man has done much lately. Some of his actions may even land him in court. But my problem, right now, is not what he's done.

The medical system needs sound economic foundations

The medical system needs sound economic foundations

Theodor Srtolojan (Translated by Cosmin Ghidoveanu )English Section / 11 ianuarie 2021

In 2020, in Romania, the pandemic triggered by Covid19 highlighted the vulnerabilities of the public (state) health system both at the level of medical units and at the national level. I am thinking of the precarious medical infrastructure, not...

God save America!

EUGEN MIHĂESCU (Translated by Cosmin Ghidoveanu)English Section / 8 ianuarie 2021

EUGEN MIHĂESCU (Translated by Cosmin Ghidoveanu)

I view the elections in the American presidential election of November 2020 to those that the communists stole after WW2 in November 1946. That is after I watched closely the actions of the team of lawyers that Donald Trump hired. But we may...

The Romanian Television scandal, far from over

The Romanian Television scandal, far from over

MediaSind (TRANSLATED BY COSMIN GHIDOVEAEnglish Section / 5 ianuarie 2021

MediaSind Romanian Union of Journalists, together with its subsidiary MediaSind TVR, in agreement with resolutions voted by the MediaSind Romanian Union of Journalists and its affiliated members in the General Shareholder Meetings, have...

"There are positive signs for the residential market"

THE "INFRASTRUCTURE AND REAL ESTATE - KEY AREAS FOR ECONOMIC DEVELOPMENT" CONFERENCE / ANDREEA COMŞA, MANAGING DIRECTOR OF "PREMIER ESTATE":"There are positive signs for the residential market"

ALINA VASIESCU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 19 decembrie 2020

2015 predictions for the year 2015 indicate its stabilization, and growth, respectively, if the main factors behind this year's growth remain unchanged, says Andreea Comşa, managing director of "Premier Estate".

"I see a ministry of digital transformation that would act vertically and an active CIO, which coordinates IT horizontally"

THE BURSA VIDEOCONFERENCE - "CYBERNETIC SECURITY" / MARIAN MURGULEŢ, STATE SECRETARY, GOVERNMENT CIO:"I see a ministry of digital transformation that would act vertically and an active CIO, which coordinates IT horizontally"

GEORGE MARINESCUEnglish Section / 16 decembrie 2020

The digital transformation of the economy represents a challenge for the political decision makers in Bucharest, as it represents an important objective of the European Commission meant to contribute to economic decarbonation.

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