CRISIS
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Crisis Businesses In Romania Start Caving In
In the first seven months of this year, almost 50,000 entrepreneurs in Romania bid farewell to the businesses they ran, down just 2% from the same period of last year, according to Trade Reg...
Energy Minister Says Natural Gas Supply Crisis Likely This Winter, But Romania Is Ready
Minister-delegate for energy Razvan Nicolescu said Tuesday that he is not ruling out a potential natural gas supply crisis this winter, in the context of the conflict between Russia and Ukra...
Dacia After Five Years Of Crisis
Automobile Dacia, Romania’s largest carmaker and also the country’s biggest exporter, at the end of the five years of crisis (2009-2013) reached record high revenue of EUR4.16 billion, doubl...
Banking Employees’ Salaries, One Third Higher Than Before The Crisis
Bankers are still among the best paid employees in the Romanian economy despite the restructuring drive the sector has witnessed in recent years. At the end of March, banking employees’ net...
CDS Level Shows Romania Has Overcome The Crisis
Foreign markets no longer see Romania as a high risk investment, so the credit default swap level has stabilized at about 150 basis points in the past week after five years of crisis when Ro...
Petrom Came Out Of Crisis With 5.5 Times Higher Profit And 9,300 Fewer Employees
OMV Petrom (SNP.RO), the largest company in Romania ended the five years of crisis, 2009-2013, with an all-time high profit of more than EUR1 billion. The profit was 5.5 times higher than in...
Ben Terra, EY Netherlands: Romania Needs To Speed Up VAT Refunds And Have Clearer Legislation To Attract Investors
The taxation system is one of the essential factors analyzed when companies decide to do business and invest in a country and if the VAT is 24% and investors pay 24% more because of this tax...
Lars Wiechen, Ernst&Young Romania: Estimating Current Worth Of A Company Not Exact Science
Lars Wiechen, executive manager and head of the valuation & business modeling services at Ernst&Young Romania, says construction firms and financial institutions have witnessed the steepest...
FMCG Companies In Romania Run By Foreign Executives During Crisis
The ten largest companies operating in Romania’s fast moving consumer goods (FMCG) industry have appointed foreign executives to run the business during the crisis, except for meat company U...