English Section

24 noiembrie 2024
What is JT Grup Oil's response to the accusations launched by the fuel terminal contractor?

What is JT Grup Oil's response to the accusations launched by the fuel terminal contractor?

A.I.English Section / 22 noiembrie 2024

"JT has no contractual or commercial relationship with E-Dynamic Structures, which means that there is no financial or commercial obligation on our part to this company" 

"Our company has all the financial resources to honor all contractual obligations"

"All tanks will be completed on time, so that in February 2025, the terminal will be fully completed and operational"

Collage by MAKE

Presidential 2024: so many promises, so many scandals

George MarinescuEnglish Section / 22 noiembrie 2024

The presidential elections in Romania, which will take place on Sunday, November 24, 2024, represent a crucial moment in defining the political direction of the country for the next five years, given the fact that, out of the 14 candidates for the supreme office in the state, 6 claim that national sovereignty it is more important than the pro-European and pro-North Atlantic path we have been on for 20 years now.

Photo source: facebook / JT Grup Oil

Conflict at JT Grup Oil: allegations of non-payment and false information related to the construction of the fuel terminal

Andrei IacomiEnglish Section / 22 noiembrie 2024

E-Dynamic Structures, the terminal contractor: "Works have been suspended since September 10" 

JT Grup Oil: "We have fully respected our payment obligations to the general contractor, the only one to whom we have a contractual obligation for the execution of the terminal"

"Works at the terminal have not been suspended, but continue at a brisk pace", according to JT management

E-Dynamic filed for insolvency of JT Grup Oil this week

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Pope urges moderation even on the last journey

Pope urges moderation even on the last journey

O.D.English Section / 22 noiembrie 2024

Personal example is very important in any situation. In the case of religious leaders, this example should not be lacking. Pope Francis, who during his pontificate has avoided much of the pomp and privilege associated with the global leader of...

Ocean Warming Increases Hurricane Intensity

Ocean Warming Increases Hurricane Intensity

O.D.English Section / 22 noiembrie 2024

Natural phenomena, including extreme ones, are linked. Record-breaking ocean temperatures increased the maximum wind speeds that accompanied all hurricanes formed in the Atlantic in 2024, according to a study, thus confirming that global warming...

Photo source: Facebook/ Nicusor Dan

Crucial referendum for the future of the Capital

George MarinescuEnglish Section / 22 noiembrie 2024

The citizens of Bucharest with the right to vote are expected at the polls on Sunday, November 24, to express their option, in addition to the presidential elections, and regarding a local referendum initiated by the General Mayor Nicuşor Dan.

Incendii, foc, natura, clima

Incendii, foc, natura, clima

O.D.English Section / 21 noiembrie 2024

Fires have devastated large parts of the world over the past decade. Last year, Europe, the Middle East and Africa suffered some of the worst forest fires since 2000, according to the Forest Fires 2023 report, published by the Commission's...

Ligia Deca declared: "Romania is already a winner following the collaboration with the OECD in the field of education, which has intensified in recent years, by participating in the prestigious international studies that the organization carries out." (Photo source: Facebook/ Ligia Deca)

Local education on the OECD table

O.D.English Section / 21 noiembrie 2024

The Minister of Education, Ligia Deca, participated in the evaluation session of Romania in the framework of the accession process to the Organization for Economic Co-operation and Development (OECD), held on the sidelines of the Education Policy...

Photo source: https://media.ford.com/content/fordmedia/feu/en/multimedia.html#

Ford to cut 14% of its European workforce

A.V.English Section / 21 noiembrie 2024

Ford Motor Co. will cut about 14 percent of its workforce in Europe, Reuters reported, citing a lack of government support for the switch to electric vehicles and increased competition from Chinese rivals.

Photo source: Facebook/ Libraria Batthyaneum

16 million euro restoration for a library

O.D.English Section / 19 noiembrie 2024

The Batthyaneum Library, home to the most valuable collection of Western medieval manuscripts in Romania, including the Codex Aureus, will be restored with an investment of 16 million euros, announced the Minister of Culture, Raluca Turcan.

Global Value Chains - Summary

Global Value Chains - Summary

F.G.English Section / 19 noiembrie 2024

Global Value Chains (GVCs) are international networks of economic activities through which goods and services pass through multiple stages of production, processing and distribution, carried out in different countries.

Raluca Turcan: "The approval of the new credit line offers the extraordinary opportunity to almost completely revive the public infrastructuremanaged by the Ministry of Culture and responds to a long-delayed need". (Photo source: Facebook/ Raluca Turcan)

"Culture" borrows 140 million euros for investments

O.D.English Section / 18 noiembrie 2024

Without financing, culture cannot survive. The Board of Directors of the Council of Europe Development Bank (CEDB) has approved a loan of 140 million euros for the "Cultural Foundation" project, which aims to save historical monuments and...

We need an industrial "renewal", based on the three great trends of the 21st century: digitalization, decarbonization and circular economy. (Collage by MAKE)

The Letta Report and the Draghi Report versus Romania

Theodor StolojanEnglish Section / 18 noiembrie 2024

Theodor Stolojan

In 2024, two reports were published, prepared at the request of the European Commission. The first report, coordinated by Enrico Letta, is entitled "More than a Market" and refers to the transformation of the single market into a true...

Vinted, Europe's leading second-hand C2C marketplace focused on fashion, closed a euro340 million secondary share sale in October that valued the company at euro5 billion. (Photo source: https://company.vinted.com)

Vinted rules out listing for now

V.R.English Section / 18 noiembrie 2024

Vinted, Europe's largest online marketplace for second-hand clothing, is ruling out an initial public offering (IPO) for now as it focuses on expanding beyond fashion, according to Bloomberg.

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