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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…
Read moreFor 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. …
Read moreIn 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…
Read moreThis 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….
Read moreI 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…
Read moreWe live in a country which is aging and losing its population at an alarming rate. In the last 30 years the population fell by 3.5 million people and UN estimates show that by 2050 it will have lost another…
Read moreMeasuring inflation by keeping an eye on a basket of goods and services is not infallible. And that is not only due to the one-year delay in updating the consumer basket`s contents or because the contents vary with the population…
Read moreRomania`s credit ratings have never been the best compared with other countries in the region, either in absolute, or relative terms. This resulted in enough voices wondering on various occasions whether Romania might be discriminated against by the credit rating…
Read moreIn 1997 the well-known CNN journalist and political analyst, Fareed Zakaria wrote a visionary commentary entitled “The rise of the illiberal democracy” which predicted the rise of a new category of leaders: popular autocrats intent on governing without much regard…
Read moreManaging portfolio investments is a job in itself. One for which professionals study hard a highly complex field which is not within everybody`s reach. There are no shortcuts and the responsibility is huge as these people deal with other people`s…
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