Parking on the streets of the capital is more expensive with the Amparkat.ro application than with the official one ●The shortest highway in the world ● Iohannis, Dragni’s successor: promulgated the laws of justice without waiting for the conclusion of the Venice Commission ●Confusion among economists about growth in the 3rd quarter: data “contradictory”, experts expected a fall ●A policeman from Cluj, arrested for rape. The reaction of the regional police inspectorate ●Special pensions: They worked for the system, now the system works for them ●Ukrainians who open a business in Romania face bureaucracy, but also a promising market ●Inherited lessons, armor of young generations in Romania in case of economic crisis

Parking on the streets managed by the city hall is more expensive with the Amparkat.ro app than with the official

Bucharest citizens pay more for parking in spaces provided by the City Hall if they have access to the AmParcat.ro platform than if they use the official platform developed by the Municipal Parking Company. The difference is 50 money or 1 lei per hour, depending on the area. On the information boards around the parking spaces, the announcement of paying through AmParcat.ro is much more visible than on the official Parking Bucharest platform. The owner of the AmParcat.ro app was linked to a former lieutenant of Sebastian Gietz in another company that has dozens of huge contracts with the state, including the computerization of the SRI and the ANRE platform. writes the Bulletin de Bucharest

The shortest highway in the world

The history of the M96, Britain’s fictitious motorway. It is not used by civilians, but only by emergency response services. Essentially a training ground for lifeguards. If you’re into astronomy, M96 translates to Messier 96, a spiral galaxy about 31 million light-years from Earth.

If you lived in Manhattan, the M96 would be nothing more than a bus line, and if you’re into guns and ammo, the acronym would immediately make you think of the Robinson M96 Semi-Auto.

But I will tell you not about the above, but about the M96 motorway in Great Britain. In fact, although it has a number and a name, the M96 is not really a motorway in the strict sense of the word, writes AutoCritica

Iohannis, Dragni’s successor: promulgated the laws of justice without waiting for the conclusion of the Venice Commission

On Tuesday, Romania’s president released three justice laws, voted for by the PSD-PNL-UDMR coalition, quickly in parliament, without any real public debate. He ignored the request of the opposition and some non-governmental organizations to wait for the conclusion of the Venice Commission.

Iohannis also ignored the request of European Commissioner for Justice Didier Reynders, who on September 22 asked the Romanian authorities to wait for the conclusion of the Venice Commission before adopting laws on justice.

Three promulgated laws: the law on the status of judges and prosecutors; the Law on the Judiciary and the Law on the High Council of Magistracy, writes PressHub

Confusion among economists about growth in the 3rd quarter: data “contradictory”, experts expected a fall

Signal data released on Tuesday by the National Institute for Statistics (INS) showed economic growth of 1.3% in the third quarter of 2022 compared to the second quarter of 2022, an increase that corresponds to an annual advance of 4% of GDP. better than expected by analysts who predicted a contraction in GDP.

Analysts’ confusion also comes in the context of the fact that the INS heavily revised the GDP growth figures for Q1 and Q2, leading to a “redistribution” of growth that also affected Q3.

“The quarter, for the third quarter in a row, significantly beat both the Bloomberg consensus and our estimate of -1.5% quarter-over-quarter and -0.5%, respectively. Consensus on annual GDP growth is virtually irrelevant given the significant revisions to the data starting in the first quarter of 2020,” said Ciprian Dascalou, chief economist at BNR, in a note sent to investors. write a management course

A policeman from Cluj, arrested for rape. The reaction of the regional police inspectorate

A police officer from the District Police Inspectorate of Cluj-Napoca was arrested for the crime of rape and the case was handed over to the prosecutor.

“On November 12, criminal proceedings were opened for the commission of the crime of rape, an act stipulated by the Criminal Code. This act allegedly took place on November 12, the application was registered against a person who holds the position of a police officer. Based on the evidence provided, his name was chosen for a 24-hour event under guard, later a warrant for preventive arrest for 30 days was issued,” – informs the police inspectorate of the Cluj district.Pravda reports

Special pensions: They worked for the system, now the system works for them

In Romania, the lucky ones, between them and the prime minister, also receive a pension and assistance from the state in the amount of almost 7,000 euros. What happens to those who have a pension of 100 or 300 euros?

The pension reform is due to be completed by the end of the year, and the political battle is on for the poor, because a quarter of a million Romanians on special pensions hope to stick with them, even though taxes may hit them for now.

The list of favorites includes military personnel, judges, former intelligence officers, as well as former security service employees, parliamentarians, and diplomats. They worked for the system, and the system works for them. Former general Nicolae Chuke is in favor of preserving special pensions, at least for the military, while all other protected people of fate are fighting to preserve their privileges. However, there is a deadline for changes: December 31, 2022. writes DW

Figures that almost 8 million Romanians should know. The actual value of their retirement accounts is much lower than advertised

One of the European organizations protecting the rights of consumers of financial products conducted a study that, among other things, represents the real profitability of pension funds, including in the private pension system of Romania.

Adjusted for inflation, private pension funds received an average of 2.04% (calculated in euros, cumulatively 132%), and voluntary funds -1% (calculated in euros, cumulatively -14%). However, it should be noted that these positive net results were positively influenced by the fact that pension funds in Romania were in their infancy at the time of the 2008 financial crisis, so they were very little affected by major market corrections. “

The average annual return nominally declared by pension fund administrators was about 5.4% for the entire almost 15-year period since the system was launched. In other words, the real annual return earned by fund managers for members of the system is less than half of the nominal return, or, simply put, the purchasing power of money invested in private funds has grown by less than half compared to the level revealed by the numbers typically used to highlight productivity systems, writes Economica.net

Hidroelectrica will be listed only on the Romanian Stock Exchange

The extraordinary general meeting of shareholders of Fondul Proprietatea, which owns 20% of the capital of state-owned company Hidroelectrica, Romania’s largest electricity producer, decided on Tuesday that the sale of FP’s holding in Hidroelectrica should be carried out by listing the company’s shares exclusively on the Bucharest Stock Exchange (BVB).

Thus, the general meeting approved “the sale of shares owned by the Company in the share capital of SPEEH Hidroelectrica SA (“Hidroelectrica”), which is up to 19.94% of the total number of shares issued by Hidroelectrica, through a secondary public offer of shares issued by Hidroelectrica, with subsequent admission of these shares to trading (“Listing”) only on the Bucharest Stock Exchange, writes Profit.ro

From a refugee to an entrepreneur. Ukrainians who open a business in Romania face bureaucracy, but also a promising market

Almost nine months after the start of the war in Ukraine, 4.7 million refugees have left their homes, abandoned their lives and sought help and a new start in Europe. Many of them passed through Romania, but only 76,155 decided to stay here.

Ukrainians who fled the war now face a new reality, a new culture, and a new language, but they have begun to integrate, enroll their children in schools, and look for jobs.

4,850 Ukrainians found work in Romania after February 24, when the Russian Federation decided to destroy their country. The Romanian state joined the process of their integration and tried to offer them solutions to find work faster, writes PressOne

Inherited lessons, armor of young generations in Romania in case of economic crisis

After more than 30 years of primitive democracy and capitalism, Romanians have invented their own financial education mechanisms. Today’s youth are much more knowledgeable and involved in everything related to family finances, and have learned from the negative experiences of their parents.

Half of the adult population in the European Union do not actually understand basic financial concepts, according to the latest statistics collected at EU bloc level in 2020. The need for “financial literacy” or “financial education” has become imperative in the last 20 years, and there are more initiatives today than ever in history, both public and private, from the civil society sphere.

To create the documentary “Why we live today for tomorrow. The complex history of Romanians’ relationship with money”, a project in partnership with McKinsey Romania, we decided to analyze the impact of the financial decisions of previous generations on the consumption, spending and saving patterns of the working population of Romania. . What we have learned from economists, former governors, sociologists, psychologists, and through research conducted on a sample of thousands of people, is that interest in all things financial, investments, savings and household budgets has become much more important in the minds of Romanians, writes Panorama.