Initiated back in 2008 by Kazakhstan’s President Nursultan Nazarbayev, The Astana Economic Forum has become an outstanding annual event, and is now recognized as such among global leaders in economic thought and ideas. At the event, the most sophisticated intellectuals in the world come together to address issues of utmost importance and discuss possible solutions for present-day economic, financial and social challenges in the world.
The number of delegates poised to take part in the Forum for the upcoming year is expected to reach a record-high, topping 8,500 from 100 different countries. Leading speakers are to include current and former heads of state and governments, top executives of international corporations and associations, renowned economists and other experts including a number of Nobel laureates, and representatives of mass media from around the world.
The VIth Economic Forum is to focus on five aspects that set the trends in the current economic situation:
1. Commodity price settings and economic growth in 2013
2. Infrastructure, innovation and technology
3. Global competitiveness
4. Social development
5. Financial systems, Risks and Policy response
The Forum is also set to feature what has become known as “Dialogue of global leaders” – along with a number of individual interviews. Television debates are to become standard parts in the Forum for the following years.
As to date, 45 outstanding figureheads including Nobel laureates and upper-rank political leaders have already confirmed their commitment to take part in the Forum.
One of the Forum’s highlights is expected to be a World Anti-Crisis Conference, to be held in cooperation with the UN. A draft for a World Anti-Crisis Plan for the UN is set to be discussed, formulated and signed.
The Forum also intends to adopt an open letter to UN member states with recommendations for states’ contributions to improvement and further development of the world economy. The letter is also planned to be sent to the organising committees of the G8 and G20 summits, the International Monetary Fund, the World Bank, the UN and the Organisation for Economic Cooperation and Development (OECD). The recommendations are to be elaborated by leading experts in international economics, finance and communication through the virtual channel www.g-global.kz.
The 2013 Forum is also to facilitate informal meetings and brainstorms. Parallel to the Forum, an exhibition on industry and innovation will give businesses the opportunity to present themselves to each other and to delegates and visitors. A number of memorandums and contracts involving private enterprise, state and supranational organisations is expected to be inked on the occasion.
MEP Vasile Blaga welcomes the European Commission’s plan for post-pandemic economic recovery: Romania on the 6th place in Union in budget size
MEP Vasile Blaga (PNL, EPP) welcomes the European Commission’s 750 billion euro plan for post-pandemic economic recovery: “The level of sums allocated to Romania for economic recovery shows that our place in the EU has strengthened. We are on the 6th place in the union in the size of the recovery budget after the COVID-19 crisis ”.
According to the MEP, this amount of 740 billion euros is “welcome for the recovery of the economies affected by the pandemic crisis.”
“The allocation of 750 billion EUR is a good signal that proves that European solidarity is not just a word in the wind that feeds the chorus of Eurosceptics. We also welcome the allocation to Romania of over 30 billion euros for economic recovery, an amount that puts us in sixth place in the top of budgets allocated post-pandemic “, he added.
Vasile Blaga emphasizes that out of the total of 750 billion EUR, 33 billion euros are allocated to Romania, approximately 19 billion EUR represent non-reimbursable grants: “In the next stage it is extremely important to develop the programs that make this budget an engine of the relaunch of the Romanian economy. There are major problems in the sectors that were automatically closed during the emergency and alert period – here we must work with priority “, the MEP noted.
For Romania to have a balanced reconstruction of the economy, Vasile Blaga claims that “the money must be spent in full.”
“Romania has the chance to restart large sectors – such as infrastructure – which may themselves be the spearheads to pull the economy in the coming years,” he said.
At the same time, Vasile Blaga hopes that the plan proposed by the European Commission will be accepted, even if there are different opinions among the 27 states of the Union regarding this ambitious economic recovery plan: “I bet, however, on a unanimous political agreement, which follows to be initialed at the next European summit, which will most likely t
Green Village Resort, the Danube Delta impressive location, opened for tourists under maximum safety measures
Green Village is naturally isolated with access to immense beaches stretched for kilometres, canals where tourists can make a different trip every day, they can fish, walk in nature, watch birds, without meeting any crowds.
„Even in a normal period, tourists felt safe and enjoyed a quiet vacation. Romania is a growing destination for foreign tourists. Although slower than we want, Romania attracts foreigners, who come here with moderate expectations, but return home beyond enchanted by the landscapes, people, and security that our country offers”, said Dragoș Anastasiu, owner of Green Village Resort.
Last year, more than 40% of our tourists were foreigners. They enjoyed mostly excursions on the canals, fishing, birdwatching, going to the beach and short trips to nearby cities such as Sulina and Tulcea.
Romania Remains Attractive As Software Outsourcing Destination in COVID-19 times
Romania is 1ST IN EUROPE and 6TH IN THE WORLD, in terms of number of certified IT specialists. With an estimated 150,000 in 2020, Romania is moving up the diversity spectrum in terms of outsourcing capabilities. The local talent pool has been a main decision factor for evolving from a cost driven approach to a value driven one, Romanian specialists proving to be very resourceful in operating many complex project assignments.
Romania doesn’t offer lowest prices in the outsourcing business, but it is highly competitive when you take into account the level of technical proficiency and soft skills in the country, “superior to what is typically found in other outsourcing locations,” according to IDC.
Romania also benefits from two political factors—its membership in the European Union, and strong institutional support from the government. This includes several tax incentives and breaks, alongside wages that remain highly competitive within the EU (the average minimum wage is the second lowest in the political union). More importantly, membership in the EU comes with more than just financial and security advantages, one example is access to the Horizon 2020 program for Research and Innovation.
As a member state, Romania’s regulations and compliance laws must fall in line with the broader union, meaning that companies have significantly less startup barriers when setting up BPO or ITO offices. Apart from easier setup, this gives companies a much safer framework and infrastructure for financial transactions, as well as access to many of the same financial services and banks available across the West.
We asked one of the local companies what are their thoughts on the Romanian IT sector future and how is the COVID-19 disrupting their business model:
“This highly competitive industry sometimes forces us to ignore the long-term strategy and focus on the quick opportunities. The biggest risk is that we won’t see a lot of Romanian products competitive at global scale any time soon, but definitely in almost every successful project launched today around the World there is at least one Romanian engineer in the team. We give a lot of attention to our Research and Innovation department and we try to keep the right balance between outsourcing and internal products development (chasing our dreams). Regarding the COVID-19 disrupting our business, we just practiced what we preach, we used our entire digital offering on ourselves and we were able to completely switch into remote work during lunch break” says Anamaria POPA, General Manager of Soft Galaxy.
It is not enough for the professionals out there (in institutes, universities, private companies, innovators and entrepreneurs) to press ahead with their work, they need to stand together and promote the Romanian excellence in research and education.
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