CITR: Only 67 impact companies entered insolvency in 2022
More than 6,700 companies entered insolvency in 2022, a 10% increase compared to 2021 (6,144). Of these, 67 are impact…
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Economics&Markets
PwC: Global M&A market falls below record 2021 levels
In 2022, the global mergers and acquisitions (M&A) market fell 17% in volume and 37% in value from its record…
Sebastian Metz: Romanian-German trade is at a new historic high of 40 bln. euro
Sebastian Metz, Director General and Member of the Board of Directors of the German-Romanian Chamber of Commerce, AHK Romania, claims…
Banking exposures to the energy sector are at unseen levels
Banks’ exposures to the energy system increased in several waves, dictated by the increase in energy prices, combined with the…
Many hotels will have to operate for less hours due to energy costs
Many hotels will operate for less hours due to high utility costs. The hotel industry has so far ignored investments…
HE Gabriel Șopandă: Let’s increase energy production to give a boost to economic activities
The energy companies in Romania and Hungary should look for closer collaboration solutions, especially in light of the new geopolitical…
Romania and Hungary have to trust each other to make money together
Romania and Hungary are like yin and yang and could create a long-term business partnership if they could trust each…
Cost of energy crisis in Europe, close to 500 bln. euro
The bill for Europe’s energy crisis is approaching 500 billion euro, as governments in the region scramble to cushion the…
Eurostat: The Netherlands and Romania, highest EU economic growth in Q2
The Gross Domestic Product of the European Union and the Eurozone registered an increase of 0.6% in the second quarter…
TeraPlast Group: 37% growth in turnover and exports higher by 79%
TeraPlast Group’s turnover increased in the first half of 2022, but at a lower pace than previous intervals, as an…
EY: M&A activity remains resilient in 2022, but further shocks could derail the outlook
Despite major geopolitical and financial headwinds, global M&A activity in H1 2022 has been resilient, according to analysis of M&A…
Isărescu: Energy energy price surges are both inflationary and recessionary, we work with all the tools to keep the situation under control
Energy price increases are both inflationary and recessionary, and the NBR is working with all instruments to keep the macroeconomic…
EIB to support Romania in the implementation of European projects
Romanian Government approved in Wednesday’s meeting the Memorandum by which the European Investment Bank will support Romania in the implementation…
Damov: Romania generates 22 mln. tons of waste per year, more than wheat production
The amount of waste generated in Romania is of 22 million tons per year, higher than the country’s wheat production,…
Chimcomplex will increase employees’ salaries by 24.5%
Chimcomplex, the largest chemical plant manufacturer of polyols in Eastern Europe, announces a significant increase in the salaries of its…
Chimcomplex announces 14.6 million euros profit in the first quarter of 2022
Chimcomplex, Eastern Europe’s largest chemical polyols producer, reports a 23.2% increase in turnover for the first quarter of 2022 compared…
FIC: 40% of companies plan to invest more in 2022
The Foreign Investors Council published the Business Sentiment Index (BSI) results for the latest edition, spring 2022. The survey shows…
Chiriţoiu: I do not expect any price reductions for gas, electricity or fuel in the coming months
The president of the Competition Council, Bogdan Chiriţoiu, stated that he does not expect the price of natural gas, electricity…
Adrian Vasilescu: Energy continues to fuel inflation around the world
Energy continues to fuel inflation around the world, and it is likely to see it decline at the end of…
Romania’s annual inflation rate rose to 13.76% in April
The annual inflation rate rose to 13.76% in April 2022, from 10.15% in March, given that non-food prices rose by…
C-Bank increases the key interest rate to 3.75% per year
The Board of Directors of the National Bank of Romania decided on Tuesday to increase the monetary policy interest rate…
Raiffeisen Bank: 14% of loans to companies granted for sustainable projects
Raiffeisen Bank is consolidating its role as a financier that facilitates the transition to a green economy and a sustainable…
Bosch to invest billions of euro in climate-neutral technology
Bosch Group announced sales of 78.7 billion euros and a pre-tax profit EBIT of 3.2 billion euro, according to a…