Romania, Riskier For Business Than Bulgaria, Hungary, China, Chile
Romania is riskier for business than Bulgaria, Hungary, China, Chile and Malaysia, ranking 26th among 43 emerging market countries classified by Bloomberg from the riskiest to the safest.
According to the ranking, Venezuela is the riskiest emerging market for business while Taiwan is the least risky.
Among European countries, Ukraine is the riskiest (ranking 6th), flowed by Russia (11), Turkey (15), Croatia (22), Romania (26), Bulgaria (29), Hungary (30), Slovakia (32), Slovenia (35), Latvia (36), the Czech Republic (38) and Lithuania (39). (Curierul National)
Romania’s Construction Output Extends Decline In May
Romanian construction output fell 1.3% in May, after a 4.7% decline in the previous month, as investors are still reluctant to start new projects.
The adjusted value of new constructions works was down 2.9% in May compared with the earlier month, the statistics institute INS said Wednesday.
In the January-May period, unadjusted construction works decreased 9.6% on the year, while adjusted works declined 8.9%, the data showed. (Puterea)
Over 25 Multinationals Recruit Students And Graduates Through Virtual Fair Hipo.ro
Over 25 multinationals will provide around 600 jobs for young graduates or students through virtual fair Hipo.ro, in sectors such as financial – banking, IT, engineering, telecommunications, consultancy.
Students and graduates can also participate in internship programs developed by companies.
Three of the participating companies, Asseco South Eastern Europe Romania, KPMG, and Genpact, will also offer interactive sessions. (Adevarul)
Constitutional Court: No Juridical Conflict Between President and Government
The Constitutional Court ruled that there was no juridical conflict of constitutional nature between the Government and the Presidency over the representation of Romania at the European Council.
Judges rejected the notification filed by Prime Minister Victor Ponta regarding the representation of Romania at a June summit meeting of the European Council, where President Traian Basescu was present. (Gandul)
Four Private Accredited Universities To Be Closed Down
Four private accredited universities will be closed down, another three will be monitored and 135 specializations and study programs will be annulled, based on a decision approved Wednesday by the government.
Following this decision, of the total 37 private accredited universities, all the programs of 4 universities will be annulled, while another three universities will be monitored. (Romania Libera)