Jun 20, 2008

The most expensive newspaper copy

The most expensive newspaper in the world, "Zimbrulu and Vulturulu", was printed in Iasi in 1858. These days it is exposed in the World Philatelic Exhibition EFIRO 2008, at Romexpo. The newspaper with a value of over 830 thousand Euro is back in Romania after more than 2 years in London, in a British collection, and dozens of other years in a bank in Switzerland.

It has become the most valuable copy of a newspaper and the most precious philatelic piece (it is also a collection of postal marks) from a random happening as the Romanian Post representatives said. The famous copy was sent in November 1858 with destination Galati. Because the package was weighting very much, on the copy were applied 8 postal marks Bull Head (Cap de Bour), one of the most rare and appreciated stamp. This is the most famous set of stamps and postal marks applied on a correspondence. At Galati it was sold to a bookseller and collector of stamps.

At the last auction, held in Geneva, the piece had a starting price of 500.000 Euro and was sold for 700.000 Euro. With fees and commissions involved, the final price reached 830.000 Euros. The amount made "Zimbrulu and Vulturulu" the most expensive newspaper copy in the world. At Romexpo the exhibition is organized by the National Romanian Post Office, in collaboration with Romanian Philatelic Federation. The newspaper can be admired in Bucharest between June 20-27.

May 30, 2008

Foreign workers in Iasi

Romania follows the development path of other European countries: Spain, Czech Republic, Poland, etc. The market economy has grown, salaries have increased. Even if there are quite big differences compared to the salaries in UK, Netherlands or Norway, for some people in Asia Romanian salaries are getting more and more attractive. Respecting the models already developed in other countries, Romanian companies are bringing in cheaper labor especially from the Asian continent. And, similar to other countries, the first sector that starts using foreign labor are the constructions.

Palas project aims to be one of the biggest real estate projects in Easter Europe. The developers aim to have a team of 2500 people working for the project. Up till now they already hired 600 employees. Out of these, only 500 are Romanians. The remaining 100 are Chinese.

This is not the first real estate project from Iasi where are working foreign people. Inter-Dogan, the company that develops Green Park project, is using Turkish construction workers. Up till now they hired 150 workers from Turkey, and they plan to grow this number up to 300 permanent workers. On the peak periods the company representatives estimated that up to 1000 Turkish workers will be brought to Iasi.

In the first 4 months of 2008 there were 2800 workers from non-EU countries that received work permits for Romania. Out of these, more than half were employed companies from Bucharest (1500). 400 non-EU people started working in Constanta in the first 4 months of 2008, 200 in Bacau and 100 in Galati and Sibiu.

So far most of the foreign people in Romania are hired by construction and textile companies. But I am sure that soon other sectors will follow. Romania becomes an important center in the BPO sector and I am sure that these companies will soon start to look for employees from other countries. Foreign workers might prove to be the salvation for the Romanian agriculture that is highly inefficient now.

May 25, 2008

General Electric awards scholarships to 3 students from Iasi

Three students from the Faculty of Economics and Business Administration (FEAA), the Alexandru Ioan Cuza University, have won annual scholarships of one thousand Euros for the next three years from General Electric Foundation in the United States. Carmen-Dumea Roxana, Alexandru Maxim and Cristina Pascaru have been selected along with 13 other students from Romania, in a national competition.

The program is aimed at students in the second year of study in the fields of economics, management, engineering and technology from the Polytechnic University of Timisoara, Al. I. Cuza University in Iasi, Babes-Bolyai University in Cluj, the Academy of Economic Studies in Bucharest and the Polytechnic University of Bucharest.