EU funding beneficiaries struggling with red-tape

President of the Cluj County Association of Employers and Craftspeople (APM) Augustin Fenesan says that although red-tape for projects with European funding has soared to astronomical levels, nobody is considering a necessary simplification at a time when the beneficiary is required to obtain for a final report no less than 25,000 stamps and place his/her handwritten signature on 12,500 pages.

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Raiffeisen Capital & Investment – Investment Daily RomaniaSIF Banat-Crisana agrees to Board changes

In a release to the Bucharest Stock exchange (BVB), SIF Banat Crisana (SIF1) announced that it currently negotiates a legal deal with the group of investors that have contested last year the resolutions of the Annual Shareholders Meeting of SIF1. According to local media, citing sources close to negotiations, SIF1 has offered three seats in its Board to the group of investors gathered around Banca Transilvania (TLV), which together control a stake of roughly 16.5% in SIF1. These changes could be approved in the next Shareholders Meeting scheduled sometime in April.

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Cluj University ranks 81st in the world regarding students’ participation in debates

The number and the importance of the academic debates in which the students of the Babes-Bolyai University (UBB) in Cluj-Napoca (northwestern Romania) participated ranks this higher education institution on the 81st place among the world universities by such activity meant to contribute to the development of communication and reasoning skills among students.

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