It was just as the Crazy Frog had finished belting out across the Tannoy into the gloaming of the Black Sea that it happened: out came the giant flag of Georgi Iliev, surrounded by thousands of smaller Iliev posters, held up by the Lokomotiv Plovdiv faithful. ‘We will never forget, we will always follow your way,’ read another banner. (more…)
“Bulgaria. I’ve been twice now and confess I can never quite understand who runs the place, nor why so many Brits trust it as a retirement home,” writes Tom Walker in The Spectator. (more…)
Libra Bank and brokerage company Vanguard have recently launched a credit line dedicated to investments in securities traded on the Romanian capital market. (more…)
NEW DELHI, OCT 11: A high-level Romanian delegation, which includes 12 oil and power company representatives, will be visiting India from October 22. Led by the country’s commerce minister Loan Codrut Seres, the delegation will explore cooperation in several sectors including energy, automotives, heavy machinery, pharamaceuticals and real estate. (more…)
The conventional wisdom is that outsourcing has been very bad for the U.S. Information Technology workforce.
After all, now that a company can transfer the work of a $50/hour U.S. programmer to an equally skilled programmer in India or Romania and pay only $5/hour for the same job, what are U.S. workers to do? Ross Perot once famously described the result of job loss as the “Giant Sucking Sound”…from the movement of the jobs overseas. Virtually every newsgroup, blog and magazine editorial quotes anecdotal evidence of someone who has lost a job in the recent down turn as validation of this theory. Almost all make dire predictions of the end of U.S. I.T. dominance . (more…)
