Most companies in Romania are at risk, because of changes in the green agenda, which generate about 40% of gross VAT in economy and hold about 50% of shares in economy, said Florian Neagu, deputy manager in the Financial Stability Department of the National Bank of Romania (BNR) at a conference on Thursday. “Romanian economy has not adapted and authorities have not had an outlook to enter this new European green agenda. We lack an industrial policy for more than a decade. There is no industrial polocy which should focus the authorities' outlook and boost certain development domains. Finally there is the risk of not benefiting from these new opportunities and paying especially costs that come associated with changes of climate agenda. Another vulnerability is that in Romanian economy most companies are at risk, following changes coming from the green agenda. According to our calculations , those companies generate about 40% of gross VAT in economy and hold about 50% of all shares in economy. So this transition should take place in orderly fashion,” Neagu said. The BNR specialist considers that authorities should be aware of the fact that carrying out the transition process to green economy can bring positive results and development opportunities. “That is why, if we draw a line between opportunities and challenges, this green transition process should normally bring a positive result. In case we are not aware of opportunities, or vulnerabilities, there is the risk of paying the price without significantly benefiting from opportunities,” Neagu pointed out. CFA Association Romania, in partnership with the Association of Financial Banking Analysts in Romania, the Treasurers' Association in Romania and ACI Romania, organized on Thursday the conference “Sustainable Finances: how to finance change”.
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
Starting next week, the gardens and interior of the presidential Cotroceni Palace in Bucharest will be open to visitors every weekend, from Friday to Sunday. Interim president Ilie Bolojan announced the initiative, emphasizing it as a gesture of respect and openness from the Presidential Administration. “Every weekend, from Friday to Sunday, this entire area, including […]
