Summer vacation is just around the corner and millions of people are going to pack their bags in the coming weeks. The global business of tourism is quite substantial, receipts grew to over 1,2 trillion USD in recent years. The top tourism earners were the United States with 177 billion USD, followed by Spain (65 billion USD, then China and France …

Based On Probabilities: The ‘Euro 2016’ Winner Will Be France – After A Victory Over Spain In The Final When Romania and France kick-off the ‘Euro 2016’ tonight in the ‘Stade de France’ in Paris, the host and World Cup winner Germany will be – based on a predictive ‘bookmaker consensus model’ – the odd-on favorites for the title. Researchers from …

In the field of economics, the laws of supply and demand state that the price of a product and its available supply to the market are interconnected. For example, if a good such as crude oil is produced in excess, the price will drop accordingly (as we all just witnessed over the last 24 months), but when supply was suddenly disrupted …

Money has been a part of human history for almost 3’000 years. At the dawn of humanity, bartering was used in lieu of money to buy goods. As early man began to rear domestic livestock, one of the earliest forms of barter included cattle, sheep, as well as vegetables and grain. The first known currency was created by King Alyattes …

Running your own company for the first time is an exciting period in your life. But with all the success stories around of other entrepreneurs making millions, it’s particularly disappointing when your own venture fails. The reason why this happens is often, that a startup quickly runs out of money without generating the interest necessary to keep the head above …

Last week, Romanian Premier Dacian Ciolos and his Bulgarian counterpart Boyko Borissov agreed to send a joint letter to the Canadian authorities, calling for a visa waiver (visa-free travel) for Romanian and Bulgarian citizens. I was about to board a plane to a destination outside the EU and queuing at the passport-control, when I read about this letter. Would the …

Every year, the World Economic Forum (WEF) releases an updated list of the top risks to business based on its survey to 750 members of the organization’s global community of academics and business leaders. The essentials of this year’s Global Risks report provide an introduction to the potential pitfalls that could impact markets around the globe. Of the top global risks by …

”We back the best and most ambitious entrepreneurs and help them make their ideas real and lasting.” After years of easy access to cash, a slowdown in funding and IPO has some tech investors and startup founders worried that the industry is facing a correction. But there are still huge venture capital funds (VC’s) looking to splash the cash as …

A Shift At The Top & Romania Has Lost Ground The competitiveness of a nation – which judges a country’s ability to create and maintain an environment that helps businesses – is a very significant indicator for development. The ‘World Competitiveness Yearbook‘ – compiled and published annually since 1989 by the IMD business school – is widely acknowledged as the most reputable measures …

What’s Hot (and Not) – All You Need To Know About Tech Trends   There are many ways to get a pulse on the startup scene to see what is trending. For example, one could look at the sub-sectors getting the most money from venture capitalists (vc). The more deals and money hitting a sub-sector, the more it could be …