BR ANALYSIS. Taxing times: Romanian entrepreneurs brace for big challenges
Romanian businesspeople face major challenges in 2019 as the economic environment is changed by new or higher taxes, decelerating consumer spending, higher borrowing costs, a weaker currency and higher wages. All these challenges could translate into steeper costs and unpredictable revenues. By Sorin Melenciuc Higher taxes, new taxes Running out of revenue sources, the government […]
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Romania’s M&A market surges 37 pct to EUR 3 bln in 2015
The value of M&A transactions on the local market in 2015 reached EUR 3.07 billion, a sturdy advance over the EUR 2.24 billion registered in 2014, according to a study by Emerging Markets Information Service (EMIS), as quoted by Agerpres. Though the number of transactions was lower last year (119, as compared to 131 in […]
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P3 to add another 42,800 sqm to its Bucharest logistics park
2016 brings two major changes for Grapefruit
Grapefruit, user experience digital agency, announces two important changes in the company, starting the beginning of this year: Georgiana Dragomir, becoming the new general manager and the orientation of the business exclusively on the digital and mobile arias. Georgiana Dragomir’s naming comes after the latest changes at the shareholders’ level. In this moment, the company […]
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2015 budget implementation stays within BNR deficit target
The general consolidated budget ended last year with a revenue of RON 233.6 billion, up 9 percent over 2014, while expenses rose 8 percent, to RON 243.9 billion, resulting in a deficit of RON 10.3 billion, according to Mediafax newswire. The deficit, representing 1.47 percent of GDP, has kept within the National Bank of Romania […]
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2Performant Network launches full service marketing agency Edge
2Performant Network S.A., owner of 2Parale affiliate platform, launched Edge, full service performance marketing agency. The company aims to manage, in its first year, media budgets of over EUR 3 million. Edge is owned by 2Performant Network and 2Performant and its founders are Dorin Boerescu, CEO of 2Performant Network, and Cosmin Nastasa, managing director of Edge. Previous to becoming Edge’s […]
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2016 to bring 50 pct rise in residential units sold, estimates Premier Estate Management
Having intermediated residential sales amounting to EUR 24 million in 2015, real estate consulting firm Premier Estate Management casts an optimistic look towards 2016, estimating a 50 percent increase in sales and consistent investment in real estate. The company manages 1,500 apartments with a total value of EUR 150 million and in 2015 mediated the […]
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26 pct of Romanian parents are willing to spend about EUR 120 on extracurricular...
26 percent of Romanian parents are willing to spend over RON 500 (over EUR 100) monthly on extracurricular classes and workshops meant to develop their children’s abilities, says a study conducted by Smart Education, a center for parenting and children’s personal development workshops, on a sample of 200 parents. Of the parents, 21 percent are […]
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2015 brings a 31 pct surge in Suzuki registrations on local market
The Romanian automotive market saw an increase of 31 percent increase in Suzuki registrations in 2015, Agerpres informs. Thus, compared to the 865 units registered in 2014, at the end of 2015 there were 1,135 such cars registered, according to provisional data released by the authority for driving licenses and vehicle registration (DRPCIV). The most […]
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2015 in review: Slump in energy this year
Slumping oil prices and legal hurdles have been the main challenges the local energy market has had to deal with in 2015. Simona Bazavan Approximately EUR 1 billion was invested in 2015 in oil field works in the Romanian Black Sea. This was done despite 2015 being a hard year for the Romanian oil […]
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