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Prelude: A Personal Perspective As an American who has been doing business in Romania for many years, I have had the privilege of working closely with over one hundred team members across various industries. My collaborations include partnerships with some of the largest Romanian, European, and American firms operating in the country. Additionally, I have…
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An all-out war has been waged between the unapologetic, free-market machinations of American PACs and the suffocating, state-controlled systems engineered by Romania’s post‑1989 socialist politicians. This is not a battle fought on the surface of campaign rhetoric but one that delves into the very mechanics of power, money, and corruption. The aggressive clampdown on independent…
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Over the past few months, a slow but meaningful shift has begun to take shape across Romania’s economic landscape. While the headlines may not scream “exodus,” there are unmistakable signs that American businesses are quietly re-evaluating their position in the region, where many are opting to scale down, relocate, or halt expansion altogether. As an…
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Romania’s real estate market has experienced a steady climb in recent years, driven in large part by state-backed initiatives like Noua Casa, which encourage homeownership through reduced down payments and partial government guarantees. On the surface, this arrangement seems beneficial for first-time buyers who might otherwise struggle to accumulate the funds needed for an initial…
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Romania’s real estate market has witnessed many upheavals in the past few decades, reflecting the country’s turbulent shift toward a modern, capitalist economy. The high-profile Nordis scandal, however, has brought new attention to what many observers have long suspected: Romanians are especially drawn to glitzy, unbuilt developments that promise more than they can realistically deliver.…
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Previously, we chatted about the idea of Corporate Girls, so it’s only fair that we also give the men their turn in the spotlight. In Romania, there’s no shortage of ambition among young men, especially when it comes to entrepreneurship. Yet beneath this enthusiasm lies an obstacle: while the drive and vision are certainly there,…
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Romania has long had an enduring obsession with education, a topic we previously explored in depth. For generations, both rural and urban families have instilled in their children – particularly daughters – the idea that success is built upon academic achievement and professional stability. While this push for education has led to impressive career trajectories…
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Romania’s deep-seated commitment to education traces back to the communist era, when educational achievement was linked to both social mobility and national pride. Decades later, that mentality lingers, coloring how the younger generations, currently late-Gen Z and early-Gen Alpha, view academic success. Yet, in a swiftly modernizing Europe, Romania faces a pivotal question: How does…
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Unlike many Western economies, Romania lacks a standardized credit scoring system, making access to credit more complex for both businesses and consumers. While institutions like Biroul de Credit track repayment history, there is no widely accepted numerical credit score akin to FICO or VantageScore. Instead, banks rely on factors such as employment contracts, salary history,…
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Romania, like many post-communist societies, has experienced significant socioeconomic shifts over the past three decades. The transition from a centrally planned economy to a market-driven system created new class divisions and redefined existing social structures. Within this evolving framework, the concept of parastratification – the movement, interaction, and relationship-building across socioeconomic strata – has become…