Over 140,000 Students Participated In Amplest Financial Education Program
Over 140,000 students took part this year in the amplest program of financial education and electronic commerce for high school, implemented by the JA Romania organization, in partnership with Visa Europe and member banks in Romania.
The program was launched in 2012 as BaniIQ, with a view to improving youths’ knowledge about financial products and concepts.
According to a survey conducted at the beginning of the program, youths aged 16 to 19 are vulnerable as regards the sector of finances, mainly because of the lack of proper information. Over 90% of participants said they rely on their families when it comes to getting financial information or planning their budget. However, over 50% of them do not know the basic financial terms. (Curierul National)
Experimental AIDS Vaccine Blocks HIV In Monkeys
An experimental AIDS vaccine protected half the monkeys who received it in a study, boosting confidence in the possibility for a shot that would stop the world’s deadliest infectious disease in humans.
The vaccine protected six out of 12 animals who received it from becoming infected with the monkey version of HIV, according to findings published last Thursday in the journal Science.
Efforts to develop a preventive AIDS vaccine have repeatedly foundered against a virus that has proved a wily foe. Only four vaccines have made it as far as human studies, and only one showed any hint of working. (Romania Libera)
INS: Romania Retail Sales Down In May Vs April
Romania retail sales fell 0.8% in May compared with the previous month in data adjusted for the number of working days and seasonal factors, the statistics institute INS said. In April, retail sales were up 3.1% on the month.
Fuel sales declined 1.8% on the month in May, while sales of food, beverages and tobacco products were down 0.1%. On the other hand, sales of non-food products went up 0.4% against April.
Against the similar period of 2014, the adjusted retail sales were up 4.2% in May, a slowdown from a 7.5% growth in April. (Romania Libera)
Minister: ArcelorMittal Galati Can Be Backed By Funding Energy Efficiency Segment
Romania’s Energy Minister Andrei Gerea said steel mill ArcelorMittal Galati can be supported by financing the energy efficiency segment, adding authorities seek financing for the energy efficiency fund which was already founded.
Gerea said ArcelorMittal Galati representatives target an investment of EUR32 million aimed at increasing energy efficiency.
Last Friday, Gerea visited ArcelorMittal Galati and talked to the steel mill representatives about a series of aspects as regards improving the company’s general activity framework and boosting energy efficiency.
In the last ten years, ArcelorMittal Galati has invested nearly EUR800 million in technological upgrades, modernizing its production equipment and replacing obsolete devices. These investments rendered its production chain efficient. (Adevarul)
President Klaus Iohannis And Interim PM Gabriel Oprea Pledge To Support Justice System
President Klaus Iohannis and interim Prime Minister Gabriel Oprea vowed to keep endorsing the country’s justice system.
‘Justice is an essential component of the rule of law. A nation cannot actually progress on lack of an efficient justice system which, over the last years, has seen major changes,’ the president said in a message read out by presidential adviser Simina Tanasescu.
In his message, Iohannis also said he supports the reforms set off in the justice sector. (Adevarul)