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Welcome to the land of elders!

Published at: 21-09-2018

Posted on: September 21st, 2018 by RaduC No Comments

We 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 3.3 million. That means that the country we live in will experience the 7th most […]

The inflation that nobody measures

Published at: 31-08-2018

Posted on: August 31st, 2018 by RaduC No Comments

Measuring 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 group. There are plenty other sources of distorting the real value of inflation. A frequent […]

Is Romania discriminated against by the credit rating agencies?

Published at: 24-08-2018

Posted on: August 24th, 2018 by RaduC No Comments

Romania`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 agencies in relation to its neighbors. A topic that I see resumed today. Let us […]

Good news for illiberal politicians

Published at: 10-08-2018

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

In 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 to the rule of law or civil rights. And that despite the fact that the […]

The kibitzers of the investing in RCS&RDS

Published at: 03-08-2018

Posted on: August 3rd, 2018 by RaduC No Comments

Managing 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 money and not their own. Moreover, more often than not, they operate under the scrutiny […]

Romanian economy at an inflection point

Published at: 20-07-2018

Posted on: July 20th, 2018 by RaduC No Comments

How can we decipher what is currently going on with the economy? Assuming that we are regular people with average knowledge in the area. What might seemingly conflicting statements, such as “the inflation that we are able to keep in check, has dropped, this is really great” and ”the uncertainties and risks arising from medium-term […]

Romania – cursed or blessed with natural gas resources?

Published at: 13-07-2018

Posted on: July 13th, 2018 by RaduC No Comments

Certainly, this is a question that on the face of it could sound absurd to many. How can a country with significant natural gas resources fear that they could end up creating trouble? These concerns are not new and there is a whole literature on the phenomenon given various metaphoric names. The Economist was the […]

Romania’s ambition: never become a regional leader

Published at: 06-07-2018

Posted on: July 6th, 2018 by RaduC No Comments

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 hard core. That is alongside France, Germany, the Netherlands and other like countries. My speech, which […]

Moldova`s annexation of Romania

Published at: 29-06-2018

Posted on: June 29th, 2018 by RaduC No Comments

This 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 swiftly and smoothly join the select club of the EU Member States. Moreover, some pundits […]

Patriot missiles on clay launchers

Published at: 22-06-2018

Posted on: June 22nd, 2018 by RaduC No Comments

Romania 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 of budgetary revenues among NATO countries, behind the US. And yet, these expensive steps will […]

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