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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…
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…
Read moreWhat can be more annoying than somebody pulling the emergency brake while speeding off with the pedal to the floor so fast that you can no longer support your head and need a headrest? What can be more frustrating than…
Read moreMy guest this week is Ms Antonia Colibasanu, a well-known geopolitical analyst with Geopolitical Futures where she is the Chief Operating Officer, a capacity in which she works closely with the founder of the organization, the celebrated geopolitical forecaster and…
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