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A good-quality change management requires thorough planning of change, dosage and good communication, assessment of possible sources of resistance and ways to mitigate it and why not, compromise. Excellent ideas may get buried by a massive negative reaction from those…
Read moreThe decision by the rating agency Standard & Poor’s to downgrade Romania’s credit-rating outlook from stable to negative seems to have come as a surprise. I believe that the agency’s explanation was sufficiently clear to exclude any speculations: the large…
Read more1918 was a watershed moment for Romania and will remain an exceptional year in its history. The stars aligned into a great conjunction that not even the most upbeat dared to dream of. Historian Lucian Boia noticed that the outbreak…
Read moreTo rise up and go it alone against the establishment is not an easily made decision. Despite corporate managers and governments urging transparency, ethical behaviour or the flagging of any unfair or outrageous behaviours, the truth is that, more often…
Read moreOne of the “compelling” arguments that those who refute the danger of the economy slowing down and sliding towards recession put forward is the Romanian consumers` appetite which shows no sign of abating. And why would it while consumer sentiment…
Read moreBloomberg is signaling the fact that in the first six months of the year countries all over the world have bought over 370 tons of gold, pushing the demand for the precious metal to a three-month high. This has caused…
Read moreThis is the second part of my talk with retired lieutenant general Alexandru Grumaz. RC: Given the competition for army digitization, what should Romania`s endowment strategy look like? AG: We should have a very clear understanding of what our specific needs…
Read moreI am talking this week with retired lieutenant general Alexandru Grumaz*, who throughout his professional career held senior positions within the Ministry of National Defense, as head of the Department of Defense Resource Management, director of the Integrated Defense Planning…
Read moreIn a recent public intervention at the start of its new term, the Romanian Governor of the Central Bank, Mugur Isarescu, gave us some interesting insights into the local FX and money market developments. Practicing what he calls “FX intervention…
Read moreThe saga of appointing a European Chief Prosecutor goes on, but the appointment process seems to have hit a wall. Neither the European Parliament, nor the Council of the EU is willing to give up on their candidate. The two…
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