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The failures are also ours

Published at: 04-01-2019

Posted on: January 4th, 2019 by RaduC No Comments

At the beginning of the `90s when I started my studies to transition from being an aircraft engineer to a management consultant, one of my English professors conducted a survey. As a specialist in organizational behavior, he wanted to assess how much the then Romanian CEOs were aware of the fact that the future of […]

Collapsing ROE in Romania’s financial services – Is this all Child’s Play to you?

Published at: 23-12-2018

Posted on: December 23rd, 2018 by RaduC No Comments

In a discussion I had before the Emergency Ordinance (EM) issued by the Romania Government bringing a whole host of new taxes and duties was voted in, an important person was telling me that: “To assume that a political decision will be overturned based on technical grounds is unconceivable. This has never happened before”. Here […]

Crisis or recession?

Published at: 07-12-2018

Posted on: December 7th, 2018 by RaduC No Comments

There is a long-standing misunderstanding in the public mind. It must be corrected because it is significant. Many people ask when the next crisis is going to strike again, without clearly discriminating between recession and a full-blown crisis. A recession is due to follow relatively soon because it is part of cyclical economic changes which […]

Will Romania stay united?

Published at: 30-11-2018

Posted on: November 30th, 2018 by RaduC No Comments

Such a question, asked on the 100th aniversary of the Great Unification, might be called a blasphemy. And yet, I believe that we would be seriously misguided to imagine that, no matter how the country is run, it is condemned to remain unchanged. It would be a grave mistake to imagine that the invaluable event […]

Is NBR still targeting inflation?

Published at: 23-11-2018

Posted on: November 23rd, 2018 by RaduC No Comments

In theory, the NBR (National Bank of Romania) has been aiming to hit inflation targets for more than a decade. In other words, every year it tried to stay inside the inflation range that it had previously announced. But there is quite a gap between theory and practice which is by no means a narrow […]

The illusion of a free lunch using chopsticks

Published at: 09-11-2018

Posted on: November 9th, 2018 by RaduC No Comments

For some time now, Romania has been in the grasp of an illusion. It is based on the assumption that countries such as China or the Gulf states have so much cash available that their investment criteria are extremely loose.  Much more than the European requirements for granting development funds. To put it differently, they […]

Foreign funds plan to buy us cheap. Deal?

Published at: 02-11-2018

Posted on: November 2nd, 2018 by RaduC No Comments

In this post I would like to refer to a recent statement made in Bucharest by a Director of Amundi, the leading financial assets manager in Europe. According to press reports, he declared that doing away with the private pensions Pillar II „would be a very good thing for foreign institutional investors. The Bucharest Stock Exchange […]

A new globalisation? For whom?

Published at: 18-10-2018

Posted on: October 18th, 2018 by RaduC No Comments

I recently had the opportunity to attend an INSEAD conference, the prestigious European postgraduate school branding itself as “The Business School for the World”.  The event was entitled “Managing disruption at the Board and Executive level”. It was a select gathering, with participants from the academia everywhere and also board and executive managers at some […]

Bu-cha-rest, not Bu-da-pest

Published at: 10-10-2018

Posted on: October 10th, 2018 by RaduC No Comments

This is a confusion that I have often come across among foreign athletes or artists coming to Romania. A mix-up that the general public treated at times light-heartedly, and other times with indignation. A mix-up rarely made by foreign politicians. Until recently. And this time round with considerable implications and no connection to the speaker`s […]

The hypocrisy drowning in smoke our Planet

Published at: 05-10-2018

Posted on: October 5th, 2018 by RaduC No Comments

I don`t think that we can build a pollution-free planet just on a voluntary change of behavior. This is a statement not likely to attract much sympathy. But frankly, I do believe that people will change their behavior on a massive scale only when driven by financial reasons. Many may do it on ethical grounds, […]
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