Study: 52% Of Romanian Students Willing To Start Up A Business In Next Two Years
More than half of Romanian students plan to set up their own business in the next two years and supporting entrepreneurship represents a solution that should be considered when tackling youth unemployment, according to a study by EY Romania and the Bucharest Academy of Economic Studies.
“Romanian youngsters are willing to work hard to achieve their goals, according to a recent study by EY and the Bucharest Academy of Economic Studies among 765 students. The study shows that 52% of youths are interested in starting up their own business over the next two years. Therefore, they ought to get support in becoming entrepreneurs through clear measures like the successful measures and schemes applied in other countries and adapted to the Romanian realities,” Mihaela Matei, coordinator of the Barometer of the Romanian Entrepreneurship project and Special Projects Communication Officer with EY Romania, said in a statement. (Adevarul)
OTP Bank Buys Millennium Bank Romania In EUR39M Deal
OTP Bank Romania on Wednesday signed an agreement with Portugal’s Millennium bcp to purchase the latter’s local subsidiary for a total sum of EUR39 million.
“Buying Millennium was a special opportunity and represents a big step toward achieving our goal of a 5% market share in Romania,” said Laszlo Diosi, Chief Executive Officer of OTP Bank Romania, a unit of Hungary’s OTP Bank.
“It is a medium-term goal, which could take five to 10 years and which can only be attained through purchases,” Diosi said.
Once the transaction receives the necessary regulatory approvals, Millennium Bank Romania will be fully integrated into OTP Bank Romania. (Evenimentul Zilei)
Liberal Reform Party Congress To Take Place Friday, Saturday In Parliament
Members of the Liberal Reform Party (PRL) will meet Friday and Saturday at the Parliament for the first congress, aimed at electing their leadership.
The first day of the congress will be dedicated to debates related to resolutions, while Saturday, the party will organize elections for the position of PLR president and other leadership positions. PLR was launched on July 3 by Senate Speaker Calin Popescu-Tariceanu, former member of the National Liberal Party. (Jurnalul National)
Nicusor Constantinescu Has Unjustifiably Breached Legal Restrictions
The president of Constanta County Council, Nicusor Constantinescu, has unjustifiably breached the legal restrictions pending the trial, according to the reason adduced by Bucharest Court for his arrest.
Bucharest Court representatives said the defendant breached, in bad faith, the obligation not to leave the country as well as the other obligations. The judge said there was no evidence that Nicusor Constantinescu should have remained in other state to get medical treatment, saying such treatment was available in Romania as well. (Puterea)
Bucharest General Council Might Be Dissolved If Disputes Continue – Mayor
Bucharest mayor Sorin Oprescu stated Wednesday that the best solution for solving the situation in Bucharest General Council (CGMB) would be to find a balance to the benefit of the capital’s citizens, adding that the council might also be dissolved if the situation continues.
The meetings of Bucharest General Council have faced numerous delays and disputes as of June 30, when a new majority was formed in the council, formed of the representatives of the National Liberal Party (PNL) and the Democratic Liberal Party (PDL), plus three counselors from People’s Party – Dan Diaconescu (PPDD). (Puterea)