New version of the Nomenclature of Economic Activities (NACE Rev. 3)
Effective January 1, 2025, Romania has implemented a revised version of the Nomenclature of Economic Activities (NACE), known as NACE Rev. 3. This update aims to align the classification system with current economic and technological developments, ensuring that new activities and products are accurately represented. Key Changes in NACE Rev. 3: Detailed Classifications: Certain NACE […]
The European Commission vs. Gazprom Anti – Trust Case
Gazprom, the Russian majority state-owned multinational energy corporation, was producing in 2011 513.17 billion cubic meters (18.122 trillion cubic feet) of natural gas, which was 17% of the worldwide production and 83% of the Russian production, Gazprom was the dominant gas supplier in Central and Eastern Europe.[1] The proportion of Europe’s gas bought in the […]
Global Warming: A Global Challenge
Introduction Global warming represents one of the most pressing environmental challenges facing humanity in the 21st century. Defined as the long-term increase in Earth’s average surface temperature due to human activities, primarily the emission of greenhouse gases (GHGs), global warming has profound implications for ecosystems, economies, and societies. This essay explores the causes, impacts, and […]