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How Inflation Eroded $100, from 2019 to 2026

• The US dollar has lost nearly 23% of its purchasing power since the end of 2019 • Switzerland has retained the most purchasing power, losing less than 7% • Turkey has seen the steepest decline, with its purchasing power diminished by nearly 90%

Merck and Moderna announce positive results for mRNA vaccine against skin cancer

American laboratories Merck and Moderna have announced positive results in the last phase of clinical trials for an experimental treatment based on messenger RNA (mRNA) for skin cancer.

Goldman Sachs: Artificial Intelligence is starting to reduce labor demand in developed economies

Artificial intelligence is starting to affect labor demand in some of the world's most developed economies, and early-career workers appear to be the most vulnerable, according to a Goldman Sachs analysis cited by CNBC.

TechUp Romania, the new support scheme approved by the Government

• According to the Executive, state aid worth a total of 5.3 billion lei will be granted to companies in the fields of artificial intelligence, biotechnology, green energy and advanced technologies

SUPPLEMENT BURSA / CONSTITUTION OF FREEDOM "E"The BIEL Methodology

• Indicators • Thresholds • Sources • Calculation Protocol

1 Euro5.2535

1 Fr. elveţian5.6398

BNR

1 Liră sterlină6.1247

BNR

1 Dolar SUA4.4884

BNR

1 Gram Aur647.2002

BET36421.79

BET FI114544.08

BET NG2782.8

SUPPLEMENT BURSA / CONSTITUTION OF FREEDOM "E"The Constitution of Effective Liberty (E)

• TITLE I - THE PERSON, LIFE WITH PURPOSE, AND LIBERTY

When three books make a trilogy

Today we publish "The Constitution of Effective Freedom E”, a description in normative language of the desirable society, which provides the occasion for the launch of ILEB - the BURSA Effective Freedom Index, which establishes, in...

Humanoid robots are preparing for their own technological revolution

SUPPLEMENT BURSA / CONSTITUTION OF FREEDOM "E"The Bursa Index of Effective Liberty

• BIEL 2026 • Global Ranking • 188 national systems

Carpatica Feroviar, the Army's strategic transporter

SUPPLEMENT BURSA / THE CONSTITUTION OF LIBERTY "E"Preface

The Constitution of Liberty "E” is not a draft law intended for immediate adoption, but a description of a desirable society - a normative model against which the legitimacy of any social order can be measured.

Bogdan Drăgoi closes the circle around FP: only the installation of SAI Muntenia Invest is missing

Lion Capital's acquisition of the shares held by Slovenian investors in Fondul Proprietatea is not only the transaction through which the company led by Bogdan Drăgoi becomes the largest shareholder of FP, but is also the penultimate step of...

Dentists demand full reimbursement of dental treatments for children

Romania's largest student dormitory inaugurated in Timisoara

Climate change has caused record temperatures in waters around Europe

The World's Most Valuable Food Commodities

• Milk ranks first, by production, followed by rice and pork • Animal products occupy five of the top eight spots

Save the Children calls for the abandonment of competitive admissions organized by high schools

Study: Global warming will expose the elderly to greater risks than previously estimated

Alexandru Rogobete complains about discontinuities in oncology patients' access to reimbursed medicines

Antarctic plant model for crops resistant to extreme conditions

Minister of Education: Decisive weeks for PNRR investments in education

Investments in HoReCa are slowing down

Energy crisis makes SME bills more expensive

Florin Jianu, President of IMM Romania: "We will have an implementation rate of a maximum of 50% of the amount allocated to the PNRR”

LAPAR: Transit of Ukrainian grains through our country must be strictly monitored

The Biggest Oil Supply Disruptions in History

• The closure of the Strait of Hormuz caused a supply loss of 10.1 million barrels/day in March 2026, the largest shock ever recorded in the crude market • The loss was almost twice as large as that during the Iranian Revolution, the next largest...

Yen under pressure; markets focus on monetary policy in Tokyo and Washington

Japan's currency, the yen, is once again in the spotlight on financial markets.

Europe is burning, and fires are becoming an economic problem

The wave of wildfires that has been sweeping across Europe this summer can no longer be seen as just a succession of local disasters.

Heads of courts and the CSM dissatisfied with the meeting between the Prime Minister and the CCR President

• In 2019, the CSM, led by Lia Savonea, raised no objections following a nearly identical meeting between the CCR President and the head of the High Court.

Photo source: facebook / Ministerul Educaţiei - România

Romania, on the podium in the historical ranking of the International Olympiad in Informatics

India wants to train 10 million specialists in artificial intelligence

Case regarding the suspicious death of the prosecutor who handled the FNI case closed twice

Metrorex and the adventure of the monthly subscription: you pay and you are not sure that you have access

Holidays in danger: Forest fires in Greece, tourists evacuated by sea

Biodiversity at a standstill: UN warns humanity is not on track

Countries Considered the Biggest Threats to World Peace

• In public perception, Russia is the biggest threat in all European countries analyzed in a YouGov survey • The United States - in first place in both Canada and Australia • Americans are more divided, considering Iran a major threat, but also...

Europe is trying to regain control over technology

Europe is gradually changing its strategy in the field of technology, at a time when dependence on American companies has become a problem of economic and strategic security.

European Union tightens rules on packaging and waste

Science: 567-million-year-old fossils change perspective on evolution

USA - the engine of the growth of global coal consumption

• Most countries either reduced their consumption in 2025 or maintained it at the same level

Poland and Baltic states strengthen protection of strategic infrastructure, fearing Russian attacks

Poland, Lithuania, Latvia and Estonia are strengthening their security measures around critical infrastructure, amid fears that Russia could try to provoke an incident on the territory of a NATO state through a "false flag" operation.

CMSR calls for the inclusion of oral health in the education curriculum

The Romanian College of Dentists (CMSR) requests the Ministry of Education and Research to include oral health and the prevention of dental diseases in the health education curriculum for high school students, in the context of the curricular...

Radiography of a vulnerable state: Interim government, cascading crises

The political crisis triggered in May, with the dismissal of the Bologna government by motion of no confidence, not only did not find a solution in July, but also produced an unprecedented situation in recent history: Romania has been led since...