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Strada de C'Arte at the Central University Library "Carol I" in Bucharest

The 13th edition of the traditional Strada de C'Arte series of events, which will bring together debates, book launches, exhibitions and musical recitals, will take place between September 26 and 29, at the Central University Library...

Balancing the energy market: the impact of volatile prices on bills

The publication by Transelectrica of the prices regarding the energy balancing market displeased the electricity suppliers, who found that, although they sell a megawatt (MW) for 400 lei, they have to pay a balancing price of 1890 lei/MW. Among...

Sebastian Bodu, University Professor: "All self-respecting states have a sovereign fund; it would be a shame if we didn't have one"

All self-respecting states have a sovereign investment fund and it would be a shame if we didn't have one, said university professor Sebastian Bodu, who worked on a project in 2020, in the Orban Government, to establish a sovereign fund in...

Claudia Cătălina Sava, ASF: "Establishing a sovereign fund would demonstrate that Romania has reached a certain level of strategic maturity"

The establishment of a sovereign fund in Romania would demonstrate that our country has reached a certain level of strategic maturity, said Claudia Cătălina Sava, Director General Directorate, Financial Instruments and Investments Sector, within...

Mircea Ursache, CEO World Trade Center Bucharest: "The need for a sovereign investment fund is felt"

Our country's economy needs a sovereign investment fund, said Mircea Ursache, CEO of World Trade Center Bucharest and former President of the Authority for the Capitalization of State Assets, who proposed the creation of such a fund as early...

Winners of the Piano Section at the 2024 George Enescu International Competition (Evgeny Konnov, Roman Lopatynskyi, Tatiana Dorokhova)

George Enescu International Competition - Russians and a Ukrainian on the same stage

The cultural world can offer valuable lessons to those dealing with global politics. An example comes from our country itself, where a Ukrainian and two Russians walked on the same stage without problems. Ukrainian pianist Roman Lopatynskyi was...

Do we need a Sovereign Fund in our country?

Our country needs a Sovereign Investment Fund, as other countries like Norway or Poland have, according to the opinions expressed yesterday, during an event organized by the Association of Brokers in Romania, in partnership with SCA Piperea si...

The government approved the budget rectification: deficit of 6.94% of GDP and economic growth of 2.8%

• Marcel Ciolacu: "84% of the deficit goes to the investment area" • The Fiscal Council: "Undersized expenses, overestimated revenues, cash budget deficit of 8% at the end of 2024" • With an additional allocation of 5.48 billion lei,...

A buzzing idea - the Sovereign Investment Fund

In an unstable economic context and marked by multiple challenges, the debate on the establishment of a Sovereign Investment Fund (SIF) was recently relaunched in the public space, a topic that will be extensively analyzed in an event organized...

Drug developers have raised two billion dollars this year through ongoing IPOs

BioAge wants to raise $158 million through IPO

BioAge Labs Inc., an American clinical-stage biotech company developing therapies for obesity and metabolic diseases, is seeking to raise about $158 million through its initial public offering (IPO) and a private placement, Bloomberg reports....

UK Prime Minister Keir Starmer has also promised measures to improve fiscal fairness and support public finances, with further announcements expected in the budget statement on 30 October.

CNBC: Britain's rich want to leave in droves if tax regime changes

Monaco, Italy, Switzerland or Dubai are just a few destinations that are trying to lure the very rich from Great Britain, where changes to the tax regime are being prepared, writes CNBC.

Ostrich-camel Ciucă-Ciolacu. (Graphic by MAKE)

A comparison between the government of Ciucă and the government of Ciolacu; common mistakes

The PSD-PNL coalition has given two governments since December 2021, Ciucă and Ciolacu, whose results are similar, with identical governance mistakes, although the leadership was different. Because both the PSD in the August 24 Congress and the...

Environmental protection, victory on the "front" of the ozone layer

There are also great victories in the fight against environmental degradation. The ozone layer, essential for protecting life on Earth from harmful ultraviolet radiation, is in a constant process of regeneration, according to a recent report by...

David Pressman believes that the Orban government has managed to convince the majority of citizens only through its propaganda machine which it feeds with funds from the state budget, thus suppressing any critical opinion.

David Pressman: "US patience with the Orban government has run out"

US patience with the Orban government has run out, said David Pressman, the US ambassador to Hungary, in the speech he gave yesterday at the Budapest 2024 Forum on the development of a sustainable democracy, according to media sites telex.hu,...

CITR: The Covid 19 pandemic - one of the causes of Damen Mangalia's insolvency

The insolvency procedure of the Damen Mangalia Naval Shipyard (DSMa) was caused, among other things, by the Covid 19 pandemic which led to the cancellation of some contracts that the company was going to execute, Florin Constantin, Senior Partner...

AHK Romania: Massive investments are needed in the development of networks and energy storage capacities

The modernization and development of the energy transport and distribution networks for which an estimated financing of between 9.2 and 11.5 billion euros is needed and the achievement of storage capacities of at least 1.2 Gigawatts (GW) by 2030,...

Kiko Milano lansează noua colecţie de toamnă

According to Breton's allegations, in the final stages of negotiations to form the new college of commissioners, von der Leyen allegedly asked French President Emmanuel Macron to withdraw Breton from the new team, giving France a more influential portfolio in return.

Accusations of questionable governance against Ursula von der Leyen

Thierry Breton will no longer occupy a position of European Commissioner in the structure of the new Commission, after Ursula von der Leyen asked Emmanuel Macron to replace the representative of France in the Community Executive. Under these...

Dr. Marinescu specified: "The respective debates are not supported, because it is absolutely logical, obviously, that in a complicated situation, emergency, war, etc., everything will move faster, including in the pharmaceutical industry". (Photo source: https://mateibals.ro/)

Adrian Marinescu: "Discussions about the artificial mutations that would have led to Sars-Cov 2 are simple assumptions"

Discussions about the laboratory creation of Sars-Cov 2 that led to the Covid-19 pandemic and about the immediate appearance of anti-Covid vaccines are simple assumptions, Dr. Adrian Marinescu, epidemiologist and medical director of the National...

Thousands of people were evacuated from the waterways, while emergency teams continued to rescue people from flooded areas. (Photo source: facebook / Mihaita Mancila, mayor of Pechea commune, Galati county)

Storm Boris, Typhoon Yagi and the devastating impact of the floods

The world is under the sign of floods. Trouble flows from Europe to Asia. Storm Boris brought chaos and suffering to Central and Eastern Europe, leaving behind huge casualties and property damage. This powerful storm affected several countries,...

There are voices that claim that some diseases are artificially created, while at the same time their related remedies are launched. (illustration: collage by MAKE)

Artificially created diseases; examples (II)

• b) Metabolic syndrome - one of the invented diseases

Based on a well-crafted strategy aimed at artificially expanding the market, the pharma giants seem to have become experts in "disease-making" and exaggerating common symptomatology in order to turn healthy people into drug-dependent patients. , a practice whose consequences are serious for public health and for the trust that patients have in the medical system.

Artificially created diseases; examples (I)

The modern pharmaceutical industry, a global market of billions of dollars, is no longer limited to treating and curing the sick. In recent years, new advertising techniques have been developed that aggressively target healthy audiences, turning...

The Eurasian Natural Resources Corporation (ENRC) is a multinational mining company founded and controlled by a group of oligarchs known as the "Trio". ENRC at one point became one of the most valuable companies listed on the London Stock Exchange, with a market value of £20 billion.

The Guardian: British authorities - powerless against illegal mining business

The Serious Fraud Office (SFO) and the British judiciary are protecting the illegal businesses of oligarchs from the former Soviet states in Asia who run the company Eurasian Natural Resources Corporation (ENRC), this is the conclusion of an...

Joëlle Elvinger: "The MRR potential is undermined because of the high level of approximation in the related plans and because of the discrepancies between forecasts and reality, thus not being able to know the true amount that directly supports the green transition"

Money for the green transition, embezzled by EU member states

Money for the green transition allocated through the Recovery and Resilience Mechanism (RMR) has been misappropriated by EU member states because some measures, "green" on paper, are not so "green" in reality, while some projects...

Nicoleta Pauliuc: "We discussed the urgency of adopting some draft laws that would allow those from the Ministry of Defense to fulfill their missions. In this way, we talked about the need for the Ministry of Defense, through the Government, to come to Parliament in a emergency procedure". (Photo source: facebook / Nicoleta Pauliuc)

Nicoleta Pauliuc: "The penetration of a Russian drone into the airspace can be considered a vulnerability"

The penetration of a Russian drone over a certain period of time and over a distance of tens of kilometers represents a vulnerability, said yesterday, Nicoleta Pauliuc, the president of the Defense, Public Order and National Security Committee in...

In the military operations in Afghanistan carried out under the umbrella of NATO, 2,461 US soldiers lost their lives, and 125,000 people were evacuated when the troops withdrew. According to Sharon Yang, one of the spokespersons of the US Presidential Administration, during the 20 years in which US troops were present in Afghanistan (2001-2021), the US spent over 2 trillion dollars on operations there.

John Kirby: "The US did not abandon any weapons to the Taliban during the withdrawal from Afghanistan"

The US has not abandoned any military equipment in the hands of the Taliban during the withdrawal of US military forces from Afghanistan in the summer of 2021, said Reserve Admiral John Kirby, national security and communications adviser to...

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...

iHunt Technology - revenue and profit growing, mid-year

Online retailer and manufacturer of mobile phones, gadgets and accessories iHunt Technology (HUNT) reported a net turnover of 20.1 million lei in the first half of the year, up 2% compared to the first six months of last year, while the net...

Mircea Coşea ne-a precizat: "Nu accept ca acest fond să fie constituit pe baze politice sau să fie subordonat Guvernului. Eu văd Fondul Suveran de Investiţii numai sub autoritatea BNR, deoarece în banca centrală există posibilitatea eliminării acţiunilor politice şi a presiunilor politice".

Mircea Coşea: "Eu văd Fondul Suveran de Investiţii numai sub autoritatea BNR"

Înfiinţarea unui fond suveran de investiţii este extraordinar de binevenită, dar un astfel de instrument financiar ar trebui să fie constituit numai sub autoritatea Băncii Naţionale a României, singura instituţie capabilă să elimine interesele şi...

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.

Mircea Coşea told us: "I do not accept that this fund is established on political grounds or that it is subordinated to the Government. I see the Sovereign Investment Fund only under the authority of the NBR, because in the central bank there is the possibility of eliminating political actions and political pressures".

Mircea Coşea: "I see the Sovereign Investment Fund only under the authority of the BNR"

The establishment of a sovereign investment fund is extremely welcome, but such a financial instrument should be established only under the authority of the National Bank of Romania, the only institution capable of eliminating political interests...

The vice-president of CFA Romania does not believe that such a fund should be under the NBR, although Norway's Sovereign Investment Fund is under the tutelage of the Scandinavian country's central bank.

Adrian Codirlaşu: "Ideal for the establishment of the SIF would be the Proprietatea Fund model"

The Sovereign Investment Fund proposed by the Simion Plan should be established according to the Proprietatea Fund model, claims Adrian Codirlaşu, the vice-president of CFA Romania.

David Terrier, preşedintele FIFPro Europe: "Jucătorii de fotbal sunt văzuţi doar ca active financiare de către FIFA, UEFA şi de cluburi"

"Noul sezon competiţional este cel mai rău din istorie" pentru jucătorii de fotbal, susţine David Terrier, preşedintele FIFPro Europe (federaţia europeană a jucătorilor profesionişti), într-un interviu acordat pentru cotidianul francez...

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...

Prime Transaction: Transelectrica, Digi and Banca Transilvania - among the issuers with good results in the second quarter, from BVB

Transelectrica (TEL), a company that doubled its net profit in the second quarter, Digi Communications (DIGI), which also had a very large increase in profitability, and BRK Financial Group (BRK), which passed from big loss to profit, are among...