Central Europe chief financial officers have reached a pessimism peak as their confidence about the economic outlook and the wider business environment continues to fall amid the uncertainty caused by the COVID-19 pandemic, according to the latest Deloitte CE CFO Survey, conducted on more than 300 leading finance professionals in six countries - the Czech Republic, Estonia, Latvia, Lithuania, Poland and Romania. Almost three quarters of the respondents (72%) stated they were less optimistic about their companies’ financial prospects than before the new coronavirus outbreak, with Polish leading the top of the pessimistic (79%), followed by Romanians (75%). The study also shows significant shifts in the perceived levels of uncertainty facing respondents’ businesses, considering that an average of 36% respondents felt a high level of external financial and economic uncertainty in the pre- outbreak edition of the survey, compared to almost 70%, in the latest edition.
The German STIHL Group has officially inaugurated its first production facility dedicated exclusively to battery-powered equipment in Oradea, western Romania, on Wednesday, October 15, after an EUR 125 million investment. Construction began in March 2024 and was completed in less than 18 months. The factory will gradually increase its production capacity, reaching an annual volume of […]
Romania is reportedly considering launching a Golden Visa program offering temporary residence permits to non-EU investors in exchange for significant financial commitments in the country, Profit.ro reported. According to the draft bill, the scheme – officially called...
Romania's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]
The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...
The Danish company Eurowind, which has been present on the Romanian market for 14 years, will develop large-scale wind, photovoltaic, and battery projects in Romania. The target is 1,000 MW installed by 2030, and a third of the group's investments are allocated to Romania, according to
Cristian Geanaliu, Executive Director of Global Markets at Garanti BBVA Romania, analyzes the persistent inflation and the ongoing imbalance between monetary and fiscal policies shaping Romania’s economic outlook for 2026. Romania enters the last quarter of 2025 within a complex macroeconomic framework. An inflation rate well above the central bank’s target, high interest rates, a […]
