Economy
Corporate insolvencies in Central & Eastern Europe increased in 2023
Nine countries experienced a higher number of insolvencies, and three countries recorded a decrease (Bulgaria, Croatia and Latvia).
Only 8% of Romanians actively sought a job abroad in 2023, compared to 13% in 2020 and 22% in 2018.
The human element plays a crucial role in successfully increasing the chance of a transformation significantly, improving performance by up to 12 times.
PayPoint Romania announces the expansion of partnership with the local courier market leader, FAN Courier, in the parcel delivery segment through the PayPoint Colet Expres service.
In today's dynamic economy, the financial year-end poses a significant challenge for Romanian companies.
The company estimates a William Grant & Sons portfolio turnover of up to RON 55 million over the first 12 months
This aligns with the slow growth level recorded by the MerchantPro Compass indicator in the number of transactions also in 2023 compared to the previous year (+5.5%).
Around 53% of Romanians want to change their job in the next 6 months, according to the results of the "HR Research" study conducted by 4Service Group.
Inflation is expected to miss the target in 2024-2025, with the NBR cutting rates to 6% in 2024 and 4.5% in 2025.
The technology developed by Limitless Agency can increase conversion rate by up to 33% and reduce advertising costs by at least 20%.
Genezio, a startup launched in 2023 to create tools to help developers automate app creation, raised a $2 million pre-seed round led by Gapminder Ventures.
A striking 88 percent of respondents across the world said they were planning to increase their FDI in the next three years—up 6 percent from last year.
The new partnership will accelerate MedLife Group's development in the use of the latest genetic sequencing methodologies and technologies in routine diagnostics.
An innovative legislative project aimed at amending Law No. 31/1990 on companies, has entered the final decision-making stage in the Chamber of Deputies.
The rather murky economic prospects at the European level, already confirmed in Great Britain and Germany, have raised the level of alert in the Romanian economy.
Bento, Intellectually Curious, targets operating revenues of RON 78 million in 2024, a 34% increase compared to 2023, and a EBITDA of RON 21.2 million.
AROBS Transilvania Software targets a consolidated turnover of RON 494.9 million and a net profit of RON 48.8 million.
Opinion article by Denisa Simion, Manager, Financial Advisory, Corporate Forensic Services, Deloitte Romania.
Romanians show more and more interest in becoming entrepreneurs, in quitting their jobs and building their future on their own.
Prioritising Moments That Matter: Nine in ten people set to spend the same or more on experiences in 2024 vs 2023.
Altexpress and Logystec, led by industry veterans Maher Tarazi and Alexandra Turcu, finalised their merger mid-March 2024.
More than half of workers (54%) around the world identify increasing work stress as their top concern, according to the Deloitte 2024 Global Human Capital Trends report.
After steady improvement in terms of social progress over more than a decade, the global quality of life and wellbeing stagnated in 2023.
In IT and energy are the top salaries. Manufacturing is at the extremes: it records the lowest wages, but also among the highest.
The company estimates double-digit increases, both in terms of top line (sales of RON 1.64 billion, +12.2%) and bottom line (normalized net profit of RON 95.7 million, +20.1%);
The announcement marks the completion of a €16 million investment by Indotek that created a premier mass-market destination for international retail brands.
At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking application.
BRD individuals' loan production touched a new record level, RON 2.35 billion in Q1 2024, +43% YoY, building on consumer loans' best quarter ever, with a growth of +51% YoY.
And a new class of information providers is making its way toward the mind of retail investors: the financial influencers, who are active on platforms like Tik Tok or Instagram.
CMS has advised global energy company Iberdrola on the agreement to sell Eolica Dobrogea One wind company, their Romanian 80MW wind energy production facility.