The European Union Council states in its online portal that starting from the second half of 2021 there has been a sharp jump in energy prices in the EU and around the world. This situation was expected, to some extent, in the context of the post-COVID-19 economic recovery and the easing of travel restrictions, but energy prices rose more than expected.
On June 21, 2022, ADVANTAGE AUSTRIA Romania and the AUSTRIAN EMBASSY in Romania, in cooperation with AER – Romanian Association of Ecotourism, organized the conference “The Future of Ecotourism | Romania 2022” in Zăbala, Covasna County. The event is part of the global business outreach ReFocus Austria, which is a key component of the Austrian federal government‘s economic comeback plan during and after the Covid-19 pandemic.
Tourism in Austria is a unique success story. For decades, politics, business and culture have worked together in making sure that guests from all over the world feel at home here. Hospitality and innovative thinking make Austria a role model for tourism worldwide.
International capital markets are going through a period of significant volatility, and the Romanian capital market has aligned itself with this trend. Rising interest rates, geopolitical tensions, and persistent inflation are some of the factors behind these fluctuations. The increase in volatility has resulted in significant spikes in liquidity on the Bucharest Stock Exchange (BVB). The trading value for all types of financial instruments increased by 67% in the first 4 months compared to the same period last year and reached RON 9.15 billion (EUR 1.85 billion). In line with international market movements, most BVB indices ended the first four months in negative territory. A positive evolution was registered by the BET-NG index, which reflects the evolution of the companies listed on the regulated market of BVB that have the main field of activity energy and related utilities. BET-NG increased by 5% in April, having the highest growth rate compared to all other BVB indices.
It is said that the role of the media is to present facts, and to do so as impartially as possible to allow the receiver of the information to form an opinion uninfluenced by the journalist. Then, I hear totally coincidentally, that someone who bought a car referred to it as a luxury model because that’s how it was sold to them. What follows is a kind of conclusion of the two statements above.
For a long time, the European Union was regarded as a strange entity, something like perhaps the opposite of a great power, in the sense that it had a lot of soft power, but no hard power to back it with. Money was indeed flowing from Brussels, but when it came to things like the military, it was NATO who played first fiddle. And while everybody loved the benefits of the free single market, law enforcement and the judiciary was something Member States liked to keep for themselves. Alas, criminals know no such scruples, roaming freely across the continent.
At one point, the EU put its foot down. States acknowledged the need to strengthen cooperation in judicial and criminal matters and established bodies like Eurojust and Europol to deal with transnational European criminal networks: traffickers of all kind, money launderers, kidnappers, gangs exploiting vulnerable people for work or sexual services.
The spot market of the OPCOM stock exchange registered a decrease of 36.5% in April compared to March, according to the monthly reports published by them, but the total value of transactions in April 2022 was 1.781 billion lei, increasing by 132% compared to the same month last year. Consequently, the average price for electricity in April was 861 lei per MWh, compared to 1,356 lei per MWh in March. However, compared to April 2021, the quotation is 178% higher.