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Mars: "From a macroeconomic point of view, the defense effort has no fixed optimal limit, expressed as a percentage of GDP. It all depends on the threats a nation faces and its size. NATO recommends a target of 2% of GDP for defense spending, however, during the Cold War, this value was at least 3%".

Mars analysis: "European states must invest massively in the defense industry"

European states living under the threat of the Russian Federation must invest massively in the production capacities of the national defense industry, says an analysis by the think-tank Mars (formerly the 2 March Foundation - 2-Mars) published in...

Adrian Negru, Raiffeisen Asset Management: "Long-term, recurring investments in quality companies are the secret of success"

Long-term, recurring investments and quality companies such as those on the Bucharest Stock Exchange represent the secret of successful investments in shares, says Adrian Negru, CEO of Raiffeisen Asset Management.

Promotion of wines in audiovisual, requested by producers to increase consumption

The amendment of the European legislation regarding advertising in the audiovisual media, to allow the promotion of wines, in the context in which consumption has been decreasing since 2010, is one of the topics of debate at today's scheduled...

Mars: "Din punct de vedere macroeconomic, efortul de apărare nu are o limită optimă fixă, exprimată ca procent din PIB. Totul depinde de ameninţările cu care se confruntă o naţiune şi de dimensiunea sa. NATO recomandă o ţintă de 2% din PIB pentru cheltuielile de apărare, însă, în timpul Războiului Rece, această valoare era de cel puţin 3%".

Analiză Mars: "Statele europene trebuie să investească masiv în industria de apărare"

Statele europene care trăiesc sub ameninţarea Federaţie Ruse trebuie să investească masiv în capacităţile de producţie din industriala naţională de apărare, afirmă o analiză a think-tank-ului Mars (fostă Fundaţia 2 Martie - 2-Mars) publicată în...

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...

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...

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.

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 United States Department of Justice has dismantled a Russian network that was trying to influence the November 2024 US presidential election through an extensive online disinformation campaign. As a result of investigations by FBI and US...

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

Companies and natural persons who pay their outstanding main debts to the state budget by August 31, 2024, will benefit from the cancellation of the ancillary debts calculated for the payment obligations, according to the emergency ordinance...

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...

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...

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...

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,...

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...

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...

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.

On corruption, the chief prosecutor of the European Public Prosecutor's Office says that there is no such thing as a clean country.

Laura Codruţa Kovesi: "VAT fraud was underestimated, often even tolerated"

VAT fraud was often underestimated, even tolerated by the authorities of the member states of the European Union, which was to the benefit of criminal organizations and to the detriment of citizens, said Laura Codruţa Kovesi, chief prosecutor of...

The BVB indices entered a corrective phase, triggered by the turbulence in foreign markets

The long-term upward trend of the indices of the Bucharest Stock Exchange (BVB) entered a corrective phase in August, primarily due to the contagion with foreign markets that suffered a severe fall at the beginning of the month. The BET index, of...

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

The European Commission paid to the EU member states, in the first three years, of the total amount of 724 billion euros foreseen in the Recovery and Resilience Mechanism (RMR), only 213 billion euros, which represents only a third of the funding...

Ursula von der Leyen says EU must prepare for defence. (Photo source: www.commissioners.ec.europa.eu.)

Von der Leyen: "We need major investments to be able to protect ourselves from any attack"

Investments in the European defense industry are necessary for EU member states to have the necessary means to protect themselves and to repel any attack against them, Ursula von der Leyen, President of the Commission, said last Friday in Prague...

Former Israeli Air Force commander launches defense technology fund

Ventura Capital - with an eye on military security business

Donald Trump's possible return to the White House has helped spur a wave of investment in defense technology startups across Europe, eight top industry investors and executives say, according to a Reuters story last week.

Nicu Fălcoi stated: "Over time, the defense industry in Romania has been deeply politicized. People who were not only businessmen were put in charge of the companies subordinated to Romarm, who did not know how to bring such a company to profit. That's why most of the state companies in the defense industry are losing money, the Minister of Economy, Radu Oprea, came up with a strategy regarding this field, but it's a statement of good intentions and that's about it".

Nicu Fălcoi: "The only solution is the privatization of state companies in the defense industry"

The only solution is the privatization of the state companies in the defense industry subordinated to Romarm, if we want this sector of economic activity to modernize and become a competitive one, deputy Nicu Fălcoi (USR), vice-president of the...

Mr. Aurel Cazacu pointed out: "In my opinion, even if we are under the umbrella of NATO, we must equip ourselves militarily, because that endowment has three purposes: deterring the enemy, increasing the confidence of the population and economic development".

Aurel Cazacu: "If the Russians attack us, we only have ammunition for two or three days"

The defense industry in our country does not produce as much as it is needed, and this fact leaves us exposed to an armed attack from Russia, military expert Aurel Cazacu, former director general of Romarm, told us.

The study carried out by researchers from CIMATEC in Brazil, in collaboration with Rutgers University in the USA, identified a phase transition in the spike protein structure of SARS-CoV-2.

The end of the pandemic, researched by scientists

Recent research published in The European Physical Journal B offers an interesting explanation for the sharp decline in deaths from Covid-19 in the United States between August 2022 and March 2023. Although vaccines have played a crucial role in...

The conflict in Ukraine and the one in the Middle East forced the states and companies in the defense industry to adapt their strategies and invest massively in the development of new technologies and military capabilities.

The armaments industry - the new attraction for companies and investment funds

• Evolution of the romanian defense industry in the context of the new arms race

Although manufacturing more weapons and increasing ammunition stockpiles are expensive, NATO member states have the financial resources to do so according to a recent report by the International Institute for Strategic Studies which states that "overall, total NATO spending increased by 11% in 2024 , compared to 3 percent in 2023," and that the increase was larger among NATO's European members, "which increased their combined military spending by 19 percent in real terms in 2024."

The war in Ukraine - financial boom for European defense companies

Longer-term concerns about how Russia is acting not only on the front in Ukraine, but also in the Middle East and the Far East have led European NATO member states to embark on an extensive program to increase their own weapons stockpiles, fact...

n Romania, of the 1,033 drowning deaths reported in 2021, 700 were men and 333 were women.

Top tragic, drowning champions

Our country leads a detached top...tragic. Romania is by far in first place in the European Union when it comes to drowning deaths, given that, in 2021, approximately 21% of all victims of this type of incident in the EU bloc were reported in our...

Educated Romania: role models and "helping hands" from neighbors

The domestic education system has many drawbacks, this is visibly stronger from year to year. There are neighbors who want to offer, partially/regionally, helping hands. The Hungarian model of higher education and professional training must be...

ASF Vice President Dan Armeanu says that an important factor in stimulating the development of voluntary private pension funds is represented by the level of tax deductibility of contributions.

"The demographic evolution increased the pressure on the public pension system"

Reporter: How adequate do you think the current pension system architecture is for our country's current and future needs?

Putin Elevates the War to a Global Scale

Putin is escalating the war to a global scale by successively adopting, over the past year, new legal norms (read...

The stars of all wars: weapons!

The wars in Ukraine and Gaza are causing excitement and concern around the world. The indisputable stars of these military conflicts are the weapons, sent to the involved parties from all areas of the world. Peace is desired, but war is fueled...

Fiscal Council: "The fiscal-budgetary consolidation process is stringent and inevitable"

The escalation of the budget deficit indicates structural problems, which can only be remedied through urgent fiscal reforms that lead to budgetary consolidation, the Fiscal Council states in the report for the year 2023, published yesterday, a...

Artificial Intelligence, engine for the economy

Artificial Intelligence has already found its place in the world economy. The pressure to reinvent businesses due to technology, climate change and several other megatrends will intensify in the coming years, with generative artificial...

Germany tightens the tap on military aid to Ukraine

The current Ukrainian offensive in the Kursk area, to create a buffer zone according to President Volodymyr Zelensky, risks running out of military support at some point, as the government in Berlin has halved Germany's contribution to the...

A comparison between George Simion's program and Kamala Harris' program; what AUR wanted in the beginning and what it wants now - differences and adaptations

After the American vice president Kamala Harris presented at the end of last week her economic program as a candidate for the position of the president of the USA, we wonder if what is called the Simion Plan still looks like a utopia - as...