Statistics may not be accurate all the time (see chapter 37), but it’s no statistical error or lie, when Romania usually ranks at the bottom within the EU when important economic factors are the subject. You’re for sure very well aware of the fact, that salaries – whether it’s the minimum wage or the average pay-check – paid in this …

From a purely logical standpoint, it does not make a lot sense to buy a lottery ticket. In a 6/49 game, the probability of hitting the jackpot is 1:14’000’000 or about 0,00051 %. Still, millions play each week. ‘Irrational’ decisions led to the emerge of a field in economics called  ‘behavioral finance’ that explains why we humans tend to make wrong decisions on …

Romania´s economy grew strong from 2001 to 2008, with an average annual real GDP growth rate of 6.5%, according to the IMF. Thereby, property prices and demand rose in anticipation of EU accession, which took place in January 2007. But investors were disappointed by non-implementation of economic and political reforms which had been promised as part of EU accession conditions. …

Plan B If you came to the conclusion, the proposal to improve labor productivity to obtain a better salary from the previous section  is not your cup of tea, maybe plan B is more your style. You still have to work hard first, but you might have a greater influence on your own salary – by starting your own company. Thereby you …

The 10 Commandments of Personal Finance Management Determine what you really need to have, what you want to have and what you wish to have one time. Keep track of your spendings for a month. And I mean: each and everything. Right it down each day or compose an excel-sheet to see where your money is really going. You will find …

‘Good afternoon, ladies and gentlemen. It is with great pleasure that I introduce you to the magic of television…’ With those words Leslie Mitchell introduced the first high-definition public television program in London. In black and white, the date was 26th August 1936.   Television was not invented by a single person, the technical developments that made the first public …

In the shadow of the broadly discussed fall in oilprices and the implications for stocks around the world, the problems of the european banking sector have been almost overlooked so far by the broader audience.  This is going to change soon. From Deutsche Bank to Credit Suisse, the shares of european banks are under immense pressure and there is no …

The victories this week in New Hampshire’s primary by Donald Trump (Republicans) and Bernie Sanders (Democrats) put two of the candidates in the lead that most likely to spook Wall Street.  Trump has been viewed very critical by the financial community due to his unpredictability and off-the-cuff remarks about mexicans or religions for instance. Many in the financial community compare …

China just celebrated the ‘Year of the Monkey’. Officially the first three days of Chinese New Year (February 8–10, 2016) are statutory holiday. Chinese New Year’s Eve and three more days are always added to give seven consecutive days of holiday. But then, it’s back to business – and there is no celebration at all for the chinese. The stockmarket-crash or …