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Gheorghe Piperea: "We must protect consumers from financial self-destruction"

The development of online commerce has led to an increased risk of compulsive shopping and consumer over-indebtedness, said MEP Gheorghe Piperea, representative of the ECR political group in the Committee on the Internal Market and Consumer...

The fate of Ukraine, discussed in Paris and Riyadh; What European leaders established

The great powers are currently negotiating the fate of the conflict between the Russian Federation and Ukraine, negotiations to which officials from Bucharest were not invited to participate, although Foreign Minister Emil Hurezeanu claims that...

Investors are ignoring Trump's measures for now, buying stocks

When US President Donald Trump was inaugurated and announced that he would impose new tariffs on imports from US geopolitical allies and rivals, the initial reaction of the stock market was cautious, but the mood of investors has changed as the...

The EU, with eyes on the population's savings: it is not yet clear whether it wants to confiscate them or attract them

Ursula von der Leyen, President of the European Commission, and Francois Villeroy de Galhau, Governor of the National Bank of France, recently declared in Davos and Paris that a general mobilization of private savings is needed to support the...

Huge risk to European savings

The strategy of political decision-makers in Brussels regarding the financing of the measures in the Draghi plan, although it also refers to public sources, is based exclusively on private sources, civil society representatives say according to...

Survey: One-Third of Central Banks Postponing Launch of Digital Currencies

Nearly a third of central banks have postponed plans to launch digital versions of their currencies, according to a study published this week by Reuters.

The Presidency of Klaus Iohannis - tragedies, crises and political decline

Klaus Iohannis is leaving Cotroceni today. Definitively, following his resignation, after having served two full terms as president of the country, plus an almost two-month extension granted by the Constitutional Court. Iohannis is leaving...

Ursula von der Leyen: We are mobilizing euro200 billion for the development of artificial intelligence

Ursula von der Leyen, President of the European Commission, announced yesterday, at the Artificial Intelligence Action Summit in Paris, the launch of InvestAI, an initiative designed to mobilize euro200 billion of public and private funds for...

Trump a cerut revizuirea legii care interzice mituirea de oficiali guvernamentali străini

Preşedintele american Donald Trump a semnat luni un ordin executiv prin care dispune ca Departamentul Justiţiei să întrerupă urmărirea americanilor acuzaţi că au mituit oficiali guvernamentali străini în încercarea de a începe sau menţine afaceri...

Pieţele cripto se redresează ca urmare a amânăriii taxelor vamale

Pieţele cripto şi-au revenit în urma amânării cu o lună de către preşedintele Donald Trump a noilor taxe vamale pentru Mexic şi Canada, potrivit analistului platformei de investiţii eToro pentru piaţa criptoactivelor, Simon Peters.

Siegfried Mureşan stated: "In the next seven years, defense will be the priority of the European Union budget, but let's be honest: we will adopt the future multiannual financial framework in 2026, it will enter into force in 2028, and from the EU budget that I will negotiate, there will be money for defense and military mobility only in 2028. Too late. Something must be done by then because there are no more funds for such a thing in the current budget, because we did not foresee that a war would start in Ukraine." (Photo credit: Facebook/ Siegfried Mureşan)

Additional funding for military mobility projects decided in June

The European Council will take a decision in June on the financing of military mobility programmes for the current budgetary framework and, following the decision, the European Parliament will approve either an adjustment to the current budget or...

Failure on the line: The Ciolacu government brought us to the edge of the economic and political abyss

The year 2024 was marked by economic-financial and socio-political convulsions, which accentuated Romania's vulnerabilities in the face of domestic and international challenges. From the alarming budget deficit to the uncontrolled increase in...

2024 in numbers

• January 1

Bogdan Chiriţoiu said: "The energy market must be able to function normally, without capping. Energy prices are now stabilized compared to those existing a year and a half ago, and under these conditions, the Government should withdraw the exceptional measures from the market. However, I believe that we must look carefully at vulnerable consumers, to determine exactly who they are, but also at the industry, its needs, at energy-hungry companies, whose activity may be negatively impacted by the lifting of the cap, companies that could lose their competitiveness due to the abandonment of this exceptional measure".

Chiriţoiu: "The takeover of E.On Romania assets by the hungarian company MVM will end up on the table of the CSAT"

The transaction through which the Hungarian company MVM wants to take over the assets of E.On in our country will end up on the table of the Supreme Council for National Defense, said Bogdan Chiriţoiu, president of the Competition Council,...

STEM education, a priority for Romania and the European Union

The Executive Vice-President of the European Commission, Roxana Mînzatu, stressed the importance of improving the basic skills of Romanian students in areas such as mathematics, reading, writing and digital skills. These are essential for...

In case of conflict, we wait in vain for 100.000 soldiers from the West

The European Union is currently unable to strengthen its common defence because military mobility is blocked by administrative bureaucracy and chronic underfunding, according to a report published last night by the European Court of Auditors...

Bitcoin set new historical records last year; what do analysts predict for 2025

This year should be favorable for crypto prices, according to most analysts, who estimate that global liquidity will increase, leading to higher capital allocations into risky assets, while the "Donald Trump factor" changes the rules of...

Sale of Belarus operations cuts Raiffeisen Bank International's profit by half

Raiffeisen Bank International (RBI) posted a consolidated profit of 1.16 billion euros at the end of 2024, 50% lower than the 2.39 billion euros recorded the previous year, according to the announcement made yesterday by the Austrian banking...

France Press: Without asking citizens' permission, European leaders want to use their savings for the green transition

The Governor of the National Bank of France, Francois Villeroy de Galhau, has sparked strong reactions in the French press after recently declaring at the World Economic Forum in Davos that 300 billion euros need to be mobilized to finance the...

European carmakers' shares plunge on Trump tariffs

The shares of Europe's biggest carmakers fell sharply yesterday in response to US President Donald Trump's announcement on Saturday that he would impose new tariffs on imports from China, Mexico and Canada.

EIB under pressure: European leaders call for greater financial support for the defense industry

In an unprecedented concerted effort, Romania and 18 other European Union member states have signed and sent a letter to the European Investment Bank (EIB), calling for a more active role for it in financing the security and defense sector,...

Second semester in numbers

• July 25

Debt, deficit, political instability: Fitch revises Romania's outlook to negative

The second half of 2024 represented a critical turning point for Romania's economy and political stability. In an attempt to counter the ever-expanding budget deficit and ensure macroeconomic balance, the government implemented a series of...

Gheorghe Piperea at the ECR conference: "European bureaucracy fights for freedom by killing it digitally"

The interventions of European officials and civil servants in Brussels to censor the online environment, including content on social networks, were harshly criticized by MEP Gheorghe Piperea at the second edition of the "Make Europe Great...

The Iaşi Students' League announces that it has filed a complaint with the General Prosecutor's Office against former minister Raluca Turcan (right) and former director of the National Museum of Romanian History Ernest Oberländer-Târnoveanu (left), for abuse of office. The student representatives invoke the lack of a Government decision for the temporary export of Dacian heritage pieces taken to the exhibition at the Drents Museum. (Photo source: facebook / Raluca Turcan)

The Student League is "fighting" in court with a former minister

Students have opened a front in the realm of justice with the former Minister of Culture, Raluca Turcan. The Student League of Iaşi announces that it has filed a complaint with the General Prosecutor's Office against the former minister and...

700,000 Euro Fraud in Danube Delta uncovered by OLAF

OLAF (Anti-Fraud Office) inspectors have uncovered a 700,000 Euro fraud in one of the projects financed by the European Union in the Danube Delta, according to a press release issued yesterday by the European institution in Brussels. The OLAF...

Comisia de la Veneţia: Anularea alegerilor trebuie să fie ultima soluţie

Alegerile democratice trebuie să reflecte "libera exprimare a opiniei poporului", conform articolului 3 din Protocolul nr. 1 la Convenţia Europeană a Drepturilor Omului (CEDO), iar anularea alegerilor este o măsură extremă şi poate fi...

Venice Commission: Annulment of elections must be the last resort

Democratic elections must reflect the "free expression of the people's opinion", according to Article 3 of Protocol No. 1 to the European Convention on Human Rights (ECHR), and the annulment of elections is an extreme measure and can...

Budget Disaster and Political Instability in Romania

The last financial quarter of last year was a time of intense complexity for the Romanian economy, in which political and economic forces faced significant challenges generated by the general elections, the tense geopolitical context and an...

Europe Depends on Chinese Rare Earths

Despite efforts to reduce its dependence on China for critical raw materials, Europe remains heavily dependent on the Asian country's resources, according to an analysis by visualcapitalist.com. It highlights the proportion of the EU's...

The month of political aberrations

Over 9.4 million citizens who went to the polls on November 24 had their options canceled by the Constitutional Court of Romania, which, after validating the first round of the presidential elections on December 2, reversed its decision on...

Photo source: https://digitallibrary.weforum.org/

Europe risks falling behind: Capital market reform blocked by bureaucracy

The European economy suffers from capital market fragmentation and bureaucracy, which hinders adequate financing for innovation and start-ups, said Ursula von der Leyen, President of the European Commission, yesterday in her speech at the World...

ANALIZA - CEO-ul Bitget, Gracy Chen: În 2025 s-ar putea produce următorul mare val crypto. La ce să ne aşteptăm anul acesta

Având în vedere evoluţia notabilă înregistrată anul trecut, ne putem aştepta ca piaţa crypto din 2025 să reflecte influenţa evenimentelor majore, continuând să crească şi să se stabilizeze pe măsură ce reglementările evoluează, subliniază Gracy...