Citibank and Junior Achievement Teach 4500 Students How to Become Entrepreneurs

Autor:

Bancherul.ro
2012-11-19 12:58

Citibank and Junior Achievement have partnered to launch a new an in-school educational program: Be Entrepreneurial, in order to initiate 4500 students aged 15-17 from high-schools across the country to entrepreneurial thinking as well as to encourage them to consider a business start-up later on, said the bank in a press release.rnrnCitiBank press release:rnrn”Citibank and Junior Achievement Teach 4500 Students How to Become EntrepreneursrnrnCiti Foundation, through Citibank Romania, supports with USD 50,000 a one-year in-school entrepreneurial education projectrnrnIn times of economic crises, when new business models, particularly those leading to cost reductions, often emerge, it became even clearer that entrepreneurship is important for economic growth, productivity, innovation and employment. Hence, Citibank and Junior Achievement have partnered to launch a new an in-school educational program: Be Entrepreneurial, in order to initiate 4500 students aged 15-17 from high-schools across the country to entrepreneurial thinking as well as to encourage them to consider a business start-up later on.rnrnWith the support of teachers and Citibank volunteer-employees, the program will give students throughout the country the opportunity to better understand how an enterprise works, to gain basic skills to run a small business at the end of high school and to fit better in an economy driven by the triple bottom line approach: economic, ecological and socially conscious.rnrnThe program also includes a national business plan competition to stimulate students’ competitiveness and competencies, in which students graduating the program will be able to take the Enterprise Driving License national assessment, developed by Junior Achievement Romania in partnership with the Ministry of Education.rnrn”As globalization reshapes the international economic landscape and technological change creates greater demands to be met in the world economy, entrepreneurship is believed to offer ways to help to rise up to new economic, social and environmental challenges. Through this partnership with Junior Achievement, we seek to provide students in Romania with the knowledge, skills and motivation to encourage their entrepreneurial aspirations”, declared Tibor Pandi, General Manager of Citibank Romania.rnrn“It is a general strategy of all education systems to develop in schools, as early possible, innovation, creativity and enterprise spirit. “Be Entrepreneurial! “is preparing high school students for independent life and good careers. With this program, business community is a reliable partner and Citi a great investor and a model. I’m sure the results will come soon, for all”, declared Ștefania E. Popp, Executive Director of Junior Achievement Romania.rnrnAll students and teachers enrolled in the program will receive for free the Be Entrepreneurial kit of materials consisting of the Student Manual, Teacher & Business Volunteer Guide and other auxiliary materials. The activities will be facilitated by Citibank volunteers, who will work with the students throughout the school year to make them understand better how to develop an entrepreneurial idea.”

Comentarii

Nu există comentarii pentru această știre.

Adauga un comentariu

(nu se afiseaza pe site)
Turing Number

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii