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A few months ago I participated in a conference organized by the Romanian Central Bank. On that occasion, against the backdrop of Mr. Juncker`s vaguely optimistic statements on the new European architecture, people talked endlessly about including Romania in Europe`s…
Read moreThis was not the plan. This is not how it was supposed to happen! Romania, from its big brother position, was intent on acting as the main champion and “coach” to the Republic of Moldova so that the latter could…
Read moreRomania is in a frantic race to modernize its military arsenal. It is a race which involves significant costs for the lowest European budget relative to its economy. These costs make Romania`s defense budget the second largest as a percentage…
Read moreThe latest Romania`s achievement in terms of raising foreign debt was a sovereign bond issue worth $1.2 Bn bearing an annual 5.2% interest rate and a maturity of 30 years. As an aside, that was an opportunity that Romania will…
Read more“Even though we are celebrating 10 years since the first contributions were paid into the private mandatory pension funds (Pillar II), I do not think that festive presentations are in order. Having this event in the amphitheater of the School…
Read moreThese comments are designed for those who insist on regularly reassuring us that there are no reasons for concern, that excessively loading the budget with irreversible expenses, such as pensions and wages is sustainable because there is no crisis looming….
Read moreThe other days I discussed with a well-known journalist about the reasons of Viktor Orban`s success in Hungary. My interlocutor was talking admiringly about him because he had understood that Hungary could no longer be underpinned by a foreign direct…
Read moreIn the past 25 years, the Romanian government has provided numerous poor management examples of the assets it’s responsible for: state-owned enterprises incapable of reinventing themselves after 1989 and ending up shut down, companies with good potential or a very…
Read moreDoes SpaceX sound familiar? The company that manufactures rockets that after launching their satellites come back to Earth to safely resume their position on land awaiting a new takeoff? Or Tesla? The firm producing one of the most popular (and…
Read moreMy recent participation in an international conference put me on separate occasions in the privileged position of listening to the opinions of two high profile political leaders as well as with the oppportunity to ask questions. Jack Lew was President…
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