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Sorin Mihanţa, Selmi Wood Concept SRL: European funding, insufficient for the transition from a mining-based economy to a sustainable one

Reporter: What is the situation of the workforce in Valea Jiului? Are we talking about an aging workforce or are there also young people looking for work?

The Damen Group is asking for the bankruptcy of the Mangalia Shipyard

The Damen Mangalia Shipyard (DSMa) will be forced to lay off approximately 1,000 people, after the Dutch group Damen asked the Constanţa Court to declare the offshore production capacity bankrupt, a fact we drew attention to a month ago and a...

Expectations from Wall Street

The U.S. stock market has rallied this year, with the S&P 500 gaining 21 percent through July, but in August the rally stalled after a flurry of economic data and statements from Federal Reserve officials fueled fears that the U.S. central...

Central banks are preparing the reconfiguration of the architecture of the global monetary system

The Covid-19 lockdown and the associated economic crisis have irrevocably changed people's lives. One of the changes with a long term impact has been the acceleration of the transition towards digital payments: customers have avoided using...

Mining in Romania is listening to its European death toll

• The European Commission has decided that coal needs to be replaced with renewable sources of energy by 2050

Canceling the funding of exporters for participating in international fairs and exhibitions: What do we learn from this and what is to be done

Starting from the negative performance of some projects for organizing the participation of Romanian companies in international fairs, the Minister of Economy decided to stop their financing. As the public has by now learned for some time, the...

FISCAL AMNESTY OR SUPPORTING PRODUCTION? Romanian companies, on the edge of insolvency

"CEZ will remain active in Romania, after the takeover by Australian group MIRA"

• (Interview with Ondrej Safar, CEO of CEZ Romania)

TOTAL QUARANTINE IS NO LONGER LOOKED AT AS A SOLUTIONFaced with a second wave of the pandemic

With few exceptions, the world's government have responded to the pandemic with a total quarantine. Medical experts claim that this has saved lives, economists claim that the measure has heavily affected the world's economy. Since the...

Ensuring the continuity of businesses in times of economic crisis

1. To the Chinese and Japanese, the word "crisis" is expressed through two different symbols, which mean "danger" and, respectively, "chance/opportunity". If we have to face the danger, that doesn't prevent us from...

"A government program for the companies listed that uses the issuing of bonds - a solution for supporting the business sector"

TO BE EXCLUSIVELY ACQUIRED BY THE GOVERNMENT"A government program for the companies listed that uses the issuing of bonds - a solution for supporting the business sector"

Reporter: What is your view on the current economic situation?

FINANCIAL MARCHMarch, under the sign of Covid-19

March 2020 has seen several firsts, the effects of which are already being felt in the economic environment. The coronavirus epidemic has already started being felt in the first days of March, when a large number of companies decided that their...

THE COUNTRY REPORT OF THE EUROPEAN COMMISSION, EXTREMELY CRITICAL TOWARDS USRomania - in the category of countries with economic imbalances

• Eugen Teodorovici: "Everybody talks about a European family, but it's every man for himself"

"I have witnessed the gradual and slow death of the old streets of Bucharest, which are so beautiful"

1.Reporter: Excellency, what is your opinion about the architecture of Bucharest, taking into account that, throughout your career you have been in charge of urban planning and housing construction?

HOW TERRORISTS AND THE DIGITAL REVOLUTION DON'T REALLY MATTERFive fatal minutes

I've been thinking for one night and one day, but I still couldn't figure out why Jean Claude Juncker said that, without the Schengen Space, the Euro itself is losing its reason to exist.

DISSENSION IN THE RANKSRevolt in Frankfurt

Through an ironic twist of fate, just as the European Central Bank became the sole watchdog of the biggest banks in Europe, an important step towards achieving the Banking Union, discord has set in in Frankfurt.

Daniel Dăianu: "It would be better if in the remaining months we saw a reinvigoration of public spending in Romania".

"Europe in a major quandary. What can Romania do?"

Reporter: The economy has entered a recession, after two consecutive quarters of economic contraction. How do you think the economy will evolve in the coming months, given a weaker harvest, the drop in investments, the drop in exports and the...

Oltchim, on quicksand

Things were looking up for Oltchim, after the receivers of the plant of Vâlcea and the Ministry of the Economy convinced Piraeus Bank and Banca Transilvania to grant them the much sought after financing for increasing output. With Piraeus Bank,...

PONTA, WILLING TO SUPPORT THE INVESTORS OF MECHEL"Mechel" Târgovişte has filed for insolvency, for the purpose of reorganization

The "Mechel" Târgovişte metallurgic plant has filed for insolvency on Tuesday, for reorganization, after it was sold, together with the other assets which the Group had in Romania, to "Invest Nikarom" Bucureşti, in exchange for an...

Oltchim, the hardest privatization after Sidex

The privatization of "Oltchim" is the hardest after that of "Sidex" Galaţi, several analysts in the market consider. Some of them think it will take a maximum of flexibility from the state to solve deal with this affair.

The ancillary development around major companies has been beneficial for the entire economy

Direct foreign investments have an essential contribution to a country's growth and economic development. The local and central public authorities need to be aware of the role of foreign and domestic investments in local and intelligent...

What's left of a Greek bank. A man exits a burned bank in the center of Athens. The firemen are putting out the smoldering buildings and the cleanup crews are sweeping the rubble after a night of rioting in the center of Athens, after the members of the Parliament have approved new harsh austerity measures requested by the country's private creditors to prevent the beleaguered country from defaulting.

THE GREEK AUSTERITY PLAN HAS BEEN APPROVEDRomanian businesspeople believe in the Greeks

• The Leu gained against the Euro

Oltchim will send 1,000 employees into technical unemployment in December

THE MINISTRY OF THE ECONOMY:BCR and Banca Transilvania, ready to become shareholders of "Oltchim" (OLT)

Greece has new austerity measures

The vice-president of the CIS, Şerban Toader, hopes that the proposals of the business sector concerning the amendment of the Fiscal Code will eventually be taken into account by the authorities.

THE MINISTRY OF FINANCE AND FOREIGN INVESTORS CAN"T SEEM TO COMMUNICATE SUCCESSFULLY:Yes, yes, followed by no, no

The Ministry of Public Finance (MFP) only took into account a small number of the amendments to the fiscal code proposed by foreign investors, even though most of them were considered reasonable, and the consultation process was underwhelming,...

Merkel: "Greece's exit from the Eurozone needs to be avoided at all costs".

CDS REACH RECORD LEVELGreece - 98% chance of default

• Angela Merkel says she won"t allow Greece to enter into an "uncontrolled default"

The proposals of PCC did not get through the General Shareholder Meeting of "Oltchim"

Oltchim to layoff 1,025 employees

• The plant has temporarily restricted its operations, operating at 30% capacity

EMIL BOC THE CREATIVE PRIME MINISTER HAS FINALLY REMEMBERED ABOUT THE COMPANIES OWNED BY THE STATEThe Prime Minister finally wised up

The excitement of president Traian Băsescu during the meeting with the IMF mission, which came to the Cotroceni palace on Sunday, was due to a mysterious set of measures concocted by the Boc government in the nick of time, which the presidency...