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Congo, Tutsi, Obama and Michael Jackson

I have news. Good and bad. I do not know which to mention first because I do not know what is the good part and what is the bad part. However, I am sure I have come aware of two things that are new and I will...

Keynes redivivus (I)

The financial crisis is causing misery and creeps around the world, forcing governments to nationalize significant parts of the banking sector and central banks to inject huge amounts of liquidity into the financial...

Who wins after the global financial crisis?

The storm of the financial crisis haunts the world. Technically, it started in the U.S. It has expanded rapidly in Europe. It hit the Asian stock exchanges afterwards. The storm went then on the capital market. The bl...
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Pension Funds Administrators In Romania Play It Safe In Times Of Crisis

Romanians under 45 had to opt less than a year ago for private pension funds where to redirect part of their contributions towards pension. This was called Pillar II of the reform, and the funds operating under this...

The Competition Council Investigates Banks Operating In Romania

The Competition Council screens the financial institutions for possible infringement to the law. “Our investigation is based on suspicions raised by the media regarding a possible inside trading of...

Ionel Blănculescu: The crisis will hit hard the real economy

After the crisis of the houses of savings in '89 in the U.S., a structure for the recovery of claims was created. The state has allocated 400 billion dollars at that time. After the bankruptcy of Credit Lyonese, the...

Bluffing With The Economy Performance

Had I had the guts, I would say that it was not out of spite that Standard and Poor’s lowered Romania's ranking, but the irresponsible political class which is not yet accountable for the damaging way it led...

A second Prahova

The second Prahova has not entered into the European Union. One can see a new car on its “bombarded” roads from time to time, but the people there are not too far from the era in which Geo Bogza described...

Romanians do not have national projects anymore

A nation does not exist only due to a common past, but also due to the shared vision for the future. The founding myths have served to inspire the definition of the national targets. These are legitimated by...

On Star-Gate In A Romanian Village

In the Horodnicul de Jos village, Suceava County, lives one of the most passionate promoters of the positive sciences in the rural areas: Dimitrie Olenici fell in love with the night skyline since his...

Humbleness at the "Great Glow-worm’s" Gate

It is morning, it’s early. A cold and humid autumn morning. Bucharest shrivels under the hostile glassy blue skies and begs for a sunny consolation. Beyond the "Intercontinental", twenty people...

The Farmers And The GDP

It is high time for Romania to take note at the type of agriculture it relies on, and the kind of food industry that it processes the produce of the land. It is summer time and the inflation is not giving signs of...

Voestalpine Undecided On Location For 5.5B ln EUR Investment

Romania lost ground in the competition for 5.5 billion Euro investment from Austria's Voestalpine. The Linz based company plans to build a still mill on the Black Sea shores, which will create some 5,000 jobs, take so...

European muscles looking for brains

"The great danger that has to be avoided is the latent temptation of renationalizing the defense, which led to trembling experiences in the history of Europe." The words were spoken last week by the...

Change in model or in focus?

The transition from the communist, closed and controlled society to the capitalist, open and free one, took place under the neo-liberal doctrine. The states of the former Soviet block are recommended to adopt...
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