English Section

10 septembrie 2024

According to JP Morgan, a 1% increase in the share of the over-65 population will lead to a 0.85% increase in the return of the healthcare sector over a ten-year period.

JPMorgan: The population is aging, which is bad news for stocks

• Historically, an aging population has led to declining yields, lower growth in corporate profits and lower valuations, according to the bank's strategies

Negotiations for electricity interconnection between Greece and Cyprus

The energy ministers of Greece and Cyprus discussed yesterday the details regarding the implementation of the Great Sea Interconnector project, through which a submarine cable would be installed regarding the transport of electricity between the two states, members of the European Union.

Conflict of interest within the European Food Safety Authority

Some of the experts of the European Food Safety Authority (EFSA) are in conflict of interest by being involved in projects regarding genetically modified organisms (GMOs), says the non-governmental organization Testbiotech, quoted by the French dailies Le Monde and Francesoir.

Deputy Miruţă mentioned that Romanian IT specialists are not only sought after by companies in Israel, but by large firms from all over the world, because they are well trained in the faculties of computers, electronics and informatics in our country.

Radu Miruţă, Deputy: "The government should offer fiscal facilities to software companies that stubbornly pay taxes in Romania"

IT specialists can be kept in our country by offering attractive incomes, even by granting tax facilities, claims deputy Radu Miruţă (USR), secretary of the Commission for Information and Communications Technology (TIC) in the Chamber of Deputies.

Corina Vasile: "It must be taken into account that the teams and companies from Romania are in competition with any other companies in the global market, and the cost is a critical element".

Corina Vasile, ANIS: "The IT workforce is one of the most mobile"

The labor market specialized in IT has moderated in the last 12 months, even if there is still a shortage for certain specializations, Corina Vasile, executive director of the Software and Services Industry Employers' Association (ANIS), told us.

1 Euro5.0835

1 Fr. elveţian5.4992

BNR

1 Liră sterlină5.8344

BNR

1 Dolar SUA4.3789

BNR

1 Gram Aur572.5195

BET22544.2

BET FI83141.21

BET NG1698.18

Marcel Ciolacu specified: "We picked up the planes, we monitored and if they had a target on Romanian territory we acted. (...) I spoke with the Minister of Defense. There were no particular problems on the ground, the attacks will continue, because grain exports are coming again. That's it, we have a war near the border with Romania".

Marcel Ciolacu: "If the Russian drones had a target on Romanian territory, we would act"

If the Russian drones that flew over Romania's airspace on the night of Saturday to Sunday had targets on the territory of our country, they would have been shot down by F-16 planes, Prime Minister Marcel Ciolacu said yesterday, before the...

iHunt Technology - revenue and profit growing, mid-year

• For this year, the company budgeted 40 million lei for business and a net profit of 1.85 million lei; last year, iHunt had a loss of 1.37 million lei

The President of ARIES Timişoara mentioned that at the moment Romanian companies in this sector of activity need larger teams for the projects requested by the international community, by the global industry, projects whose implementation would lead to the rapid development of domestic companies.

Daniel Giurea, ARIES: "Digital nomads work not only for companies in Israel, but also for other IT companies in the world"

There is currently no IT workforce exodus from Romania to Israel, but we have digital nomads who work from our country for companies from other countries of the world, including those from the Holy Land, Daniel Giurea, the president, told us of...

The delocalization of Israeli IT companies gives rise to the migration of our workers... while they remain at home.Illustratuin: Collage by MAKE

How affected is Romania by the migration of israeli IT companies?

Romania, Bulgaria, and Poland have become the main destinations for hiring IT specialists in Israeli start-up companies, as the war in Israel has forced them to move part of their operations abroad to ensure business continuity, according to an...

Our IT specialists, coveted by foreign companies

Romania has become an attractive destination for economic, technical, and cultural reasons for Israeli companies looking to expand their IT teams outside of their main headquarters, according to a report published on the Carbon website, which...

The delocalization of israeli IT companies, according to some of their leaders

The war in Israel has forced some local IT companies to move part of their operations abroad to ensure business continuity. Among the IT specialists targeted by Israeli firms are those from Romania.

Jakub Rochlitz is 20 years old. He is Slovak, but currently lives in Prague, where he studies finance at university, manages online marketing for his family's guesthouse, and continues to expand his knowledge in asset management. He is also studying for the CISI Investment Management exams. In addition to all this, Jakub spends his time managing his eToro portfolio and creating reports for his copiers and his blog. His eToro username is TheDividendFund.

Financial markets - more accessible than ever; What must an investor do to succeed in a constantly changing market

• (Interview with Jakub Rochlitz, Popular Investor on eToro)

Prime Transaction: Sphera and MedLife - among the best results from the BSE; Electrics and TTS - poor results

• "Normally the results of Sphera in the second semester should be above those of the similar period of the previous year"

The evolution of Norway's Sovereign Wealth Fund from its inception to the present day

Norway's Sovereign Investment Fund - an economic and financial success

Norway's Sovereign Investment Fund, formally known as the Global Government Pension Fund, is the world's largest sovereign wealth fund, managing $1.7 trillion in assets at the end of August 2024, according to data on the Bank's...

The vice-president of CFA Romania does not believe that such a fund should be under the NBR, although Norway's Sovereign Investment Fund is under the tutelage of the Scandinavian country's central bank.

Adrian Codirlaşu: "Ideal for the establishment of the SIF would be the Proprietatea Fund model"

The Sovereign Investment Fund proposed by the Simion Plan should be established according to the Proprietatea Fund model, claims Adrian Codirlaşu, the vice-president of CFA Romania.

Mircea Coşea told us: "I do not accept that this fund is established on political grounds or that it is subordinated to the Government. I see the Sovereign Investment Fund only under the authority of the NBR, because in the central bank there is the possibility of eliminating political actions and political pressures".

Mircea Coşea: "I see the Sovereign Investment Fund only under the authority of the BNR"

The establishment of a sovereign investment fund is extremely welcome, but such a financial instrument should be established only under the authority of the National Bank of Romania, the only institution capable of eliminating political interests...

Gheorghe Piperea: "The Sovereign Investment Fund is absolutely necessary because any independent nation that wants to preserve its strategic resources and be on its own feet from a financial point of view creates such a fund."

Gheorghe Piperea: "The Sovereign Investment Fund should be subordinate to the Parliament"

The future Sovereign Investment Fund, provided for by the Simion Plan and the AUR program, should be subordinated to the Parliament, lawyer Gheorghe Piperea, MEP from our country, told us.

As in the current Simion Plan, the FSDI proposed by Liviu Dragnea and PSD aimed to manage a portfolio of state companies and capitalize on national resources through a fund similar to the Norwegian model. (Photo source: facebook / Liviu Dragnea)

The Sovereign Investment Fund proposed by Dragnea, failed in implementation

Liviu Dragnea and PSD proposed, in February 2017, the establishment of the Sovereign Development and Investment Fund in 2017, the measure being part of the governing program of the social democrats for the period 2016-2020.

The Sovereign Investment Fund proposed by the Simion Plan, difficult to implement in the current economic conditions

• Simion's plan provides for the establishment of a Sovereign Investment Fund on the model of the one existing in Norway • FSI proposed by Simion will not hold shares in state energy companies, but will be fed with 50% of the dividends granted...

Developments on the diesel market are important because this fuel is a traditional pillar of the world energy market, being used in transport, mining, construction and agriculture.

Diesel demand falls in China

The diesel markets in China and India, responsible for most of the Asian demand profile, are showing signs of slowing down, which could create new problems for crude oil prices, reports Bloomberg.

Andreea Petru, partner, BluePrint Advisors, Laurenţiu Stan, founder and director of Kapital Minds and Paul Şerban, plastic artist.

Kapital Minds study: Two out of three entrepreneurs in our country consider selling the business as the main option for exit

• Laurentiu Stan, founder of Kapital Minds: "Many potential transactions are not realized due to the very different expectations of the seller and the buyer regarding the price"

The government bond issuance system of the Ministry of Finance and the Beijing Stock Exchange was launched in September 2022. (Photo source: www.bse.cn)

Beijing Stock Exchange, three years after its debut: 80% of listed companies are profitable

The Beijing Stock Exchange (BSE), launched in 2021 to support innovative small and medium-sized enterprises (SMEs) in China, turned three years old this week.

The Kremlin is a world champion at manipulation; He systematically mocks the American voter, baits him with fake news and makes him elect Putin's friend for president. What do you think is happening to the Romanian voter? (Illustration: collage by MAKE)

Kremlin Manipulates US Elections; the Russian operation, annihilated by American institutions

• The US Department of Justice has seized 32 Internet domains used by Russia in a massive campaign to influence the 2024 presidential election and other countries, revealing the Kremlin's involvement in disseminating fake news • The Russia...

Prime Transaction: Transelectrica, Digi and Banca Transilvania - among the issuers with good results in the second quarter, from BVB

• "The negative results were concentrated in the area of state issuers"

ECA: Europeans - Astra Zeneca and Pfizer guinea pigs in the case of anti-Covid 19 vaccines

The citizens of the member states of the European Union were the guinea pigs of the companies Astra Zeneca and Pfizer regarding the anti-Covid 19 vaccines, with the agreement of the European Medicines Agency (EMA), it appears from the audit...

Record coal consumption, despite the orientation towards green resources

Despite many countries switching from fossil fuels to cleaner ones, global coal consumption will reach an all-time high of 164 Exajoules (EJ) in 2023, according to a Visual Capitalist analysis highlighting coal's role in the energy mix...

Marcel Boloş, the Minister of Finance, declared, in the press briefing that took place after yesterday's meeting: "It is an extremely complex package of measures that concerns the business environment and public spending of the state". (Photo source: facebook / Marcel Bolos)

Tax amnesty - what measures did the Government approve yesterday for bad payers and how will correct taxpayers be rewarded

• 330,000 companies and 848,000 individuals will be able to benefit from the partial tax amnesty, according to the information presented by Marcel Boloş, Minister of Finance • The total value of outstanding principal debts that should be collected...

Dogecoin was an instant success upon launch, gaining popularity on social media platforms and becoming a staple of the crypto space in early 2021 when celebrities such as Elon Musk, Mark Cuban and Snoop Dogg endorsed it, leading to to a sudden increase in its price, an episode which, however, was short-lived, according to the mentioned source.

Meme Coins - Crypto Speculation With Jokes

• Dogecoin, the original meme coin, was created in 2013 as a joke to satirize the effervescence surrounding Bitcoin and other cryptocurrencies, according to crypto.com

Image of the "Habibi Come to Dubai' community

"Habibi Come to Dubai": A Journey Through the World of Memes and the Crypto Community

The meme token "Habibi Come To Dubai" ($DUBAI) recently peaked at $0.00004266 on the Solana blockchain on August 27, 2024. However, I believe some readers might be confused by this opening sentence, and they have a point...

Prime Minister Ciolacu also said that the dialogue with the leaders of the banking sector will be a regular one, because the interest of the Government and the financial-banking system is a common one: growing businesses, more prosperous companies, which lead to sustainable economic growth, in the long term. (Photo spurce: facebook / Marcel Ciolacu)

Ciolacu appeals to banks to finance public investments

Yesterday, Prime Minister Marcel Ciolacu asked the representatives of the banking system in our country to support public investments, as well as the financing schemes launched by the Government to support the private sector, according to a post...

Parviz Shahbazov (left), Minister of Energy from Azerbaijan discusses the project with his Romanian counterpart Sebastian Burduja (right)

Sebastian Burduja: "Diversification of energy supply through the Green Corridor will lead to cheaper energy"

The diversification of energy supply through the Green Corridor will lead to a cheaper price of energy in our country and in the region, stated Sebastian Burduja, the Minister of Energy, yesterday, during the press conference held at the end of...

According to the updated Business Plan, the capital paid by CCP.RO shareholders to date is 19.7 million euros.

BVB will participate with a maximum of three million euros in the capital increase of CCP.RO Bucharest

• The operationalization of the Central Counterparty project still needs another five million euros, of which two million must come from the other CCP shareholders

The view of President Recep Tayyip Erdogan's administration is that the geopolitical center of gravity is shifting away from developed economies, according to Bloomberg sources, who note that the country's new diplomatic push reflects its aspirations to cultivate ties with all parties in a multipolar world, while fulfills obligations as a key member of the North Atlantic Treaty Organization (NATO). (Photo source: facebook / Recep Tayyip Erdogan)

Rejected for decades by the European Union, Turkey opts for BRICS; will it stay in NATO?

Turkey has formally applied to join the BRICS group of emerging nations, seeking to strengthen its global influence and forge new ties beyond its traditional Western allies, according to sources cited by Bloomberg.

Mr. Cazacu told us: "This is Turkey: it has no qualms about allying with whoever it wants. Those who rule Turkey are only interested in the welfare and prosperity of their own citizens and therefore have no qualms about making certain decisions".

Aurel Cazacu: "Turkey needs cooperation in the Asian area and that's why it joins BRICS"

The decision of the authorities in Ankara to officially request Turkey's accession to BRICS is motivated by the need for this state's cooperation with other countries in Asia, claims military expert Aurel Cazacu.

The former presidential advisor Iulian Chifu believes that Turkey's decision to apply for BRICS membership is a result of this state's ambition to become one of the top ten economies in the world and to have multilateral relations with Russia, China and the other member countries of the international organization.

Iulian Chifu: "Turkey has found some advantages in the BRICS region that it cannot obtain in relation to the European Union"

Turkey's accession to BRICS is strictly the option of the authorities in Ankara, and contesting this decision by Romanian politicians would contravene the strategic and commercial interests of our country, political expert Iulian Chifu,...

Nicu Fălcoi told us: "BRICS is not a military alliance, but an economic one. It is not exactly right that Turkey - as a NATO member state - has applied to become a BRICS member, but at the same time it is not an end of the country. I am sure that there will be discussions on this topic with all major NATO partners and that at the moment the allies are reserved in commenting on the request that the Ankara regime has made regarding the BRICS membership".

Nicu Fălcoi: "It is not right that Turkey - NATO member state - requested to become a member of BRICS"

It is not right that Turkey, which is a member state of NATO, requested to become a member of BRICS, even though the last organization is not a military one, but only an economic one, said deputy Nicu Fălcoi (USR), vice-president of the...

Mircea Geoană resigned from NATO

Mircea Geoană resigned, yesterday, from the position of Deputy Secretary General of NATO, after having previously informed Jens Stoltenberg, the Secretary General of the military alliance, about this gesture.

ECA report: Money from PNRRs has a very hard time reaching the real economy

• Only a third of the funds allocated through the Recovery and Resilience Mechanism were used by the European states until the end of 2023 • Of that amount, only 50% entered the accounts of the final beneficiaries • ECA experts claim that there is a...