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Redistribution mechanisms and polarisation of wealth
A prominent Republican leader in the USA once compared the poor taxpayer with a goose. The key in government policy was "to pluck as many feathers as possible with a minimum of screams." The...
An engine of growth?
The choice is ours - Analysis by Dragos NegrescuA recent study by experts of the EU Treasury found that underground economic activity in Romania was 49% of the official figure and that it ha...
The show market in Sibiu is under the sign of alternative
Romania is a paradoxical country even when it comes to theatre. Most theatres are an endangered species, striving to subsist. The lack of funding for maintenance and production, the offendin...
Ion Creanga and the mystery of the number 1
For every one of us, numbers have unsuspected meanings. "I was born on March 1st 1837 in the village of Humulesti, the county of Neamt, Plasa de Sus, to Romanian parents: atefan son of Petre...
New era of cooperation
The leaders of Russia and the European Union hailed the start of a new era of economic and political cooperation yesterday following their first summit meeting since the election of Presiden...
Pension funds must not share the fate of some mutual funds
Privately-managed public pension funds will account for the largest business during the following decades and, for this reason, the law regulating their establishment will have to be tight,...
Privatisation of tourism assets could happen in 2001
Privatisation of tourism commercial companies might be finalised in the year 2001, in line with the action plan related to the tourism section in the national strategy for medium-term econom...
Astra Vagoane Arad posts profit, after three years of losses
Carriers and underground carriers manufacturer Astra Vagoane Arad managed to reach net profit standing at 15.58 billion lei on the first quarter of this year, an evolution occurring after th...
Imsat Bucuresti posts losses of 7.9 billion lei
Electronic enterprise Imsat Bucuresti registered net losses standing at eight billion lei on the first quarter of this year, over four times higher as compared to the similar period of last...