Discussing about Euro adoption in Croatia

Radu Burnete

CPAG co-founder Laurian Lungu was a panel speaker at the “Moy glas u EU” conference organised in Zagreb, Croatia on 24 April 2019. The focus of the panel discussion was the effects of Euro adoption in Croatia. It was an absorbing debate, especially given some existing similarities between the economies of Croatia and Romania, such as a relatively high euroisation rate, the managed float exchange rate regime, the strong trade integration with the Eurozone or the revival of the political will to adopt the euro. Croatia has taken large strides towards adopting the euro. Among the six remaining EU countries […]

Represiunea financiară în variantă autohtonă

Laurian Lungu

Laurian Lungu Ordonanța de urgență 114/2018, adoptată la finele anului trecut, a suscitat multe reacții. În mare parte, acestea s-au concentrat pe impactul și oportunitatea măsurilor propuse în sectoarele vizate, cu precădere cel bancar, al pensiilor private și energetic. Însă, implicațiile textului legislativ sunt mai profunde. În fapt, ordonanța de urgență pare a fi o primă etapă în îndeplinirea unui obiectiv important menționat în programul de guvernare al actualei coaliții, și anume creșterea rolului statului în economie. Totodată, adâncește semnificativ breșa dintre rațiunea economică și cea politică prin ignorarea flagrantă a principiilor economice. Aceste episoade aduc de regulă, în timp, […]

A Technical Note on the Increase of Minimum Wages in Romania (English, Română)

Laurian Lungu

Since 2012, an aggressive minimum wage (MW) policy has pushed up the level of MW from the equivalent of EUR 160 to EUR 410 in 2018. Current plans envisage further increases, to the equivalent of EUR 450 and EUR 500 respectively, for the holders of a university degree, starting December 2018. And MW could reach EUR 520 and EUR 580 for the holders of a university degree by October 2020. So far, MW rose at an annual rate of 21% over a 6-year time-span.

Foreign Investor Summit, October 30 – November 1, 2018

Laurian Lungu

CPAG co-founder Laurian Lungu was a Panel Speaker at the 5th edition of the Foreign Investor Summit organised by Business Review on October 30 – November 1, 2018. The panel discussion topic was “Harnessing Romania’s Growth Future”. Laurian’s talk was centered around the main ideas derived from the “Va Urma” macroeconomic growth project, which he had helped develop together with the Foreign Investors Council (FIC) experts.