The fear of failure is the main hindrance for 85 percent of the Romanians who would like to gain some extra money from a private business, as entrepreneurs, while roughly a quarter (24 percent) are certain they have the necessary skills to commence a business, the Amway Report on entrepreneurship at global level in 2015, released on Wednesday, reads. According to "AGER: Amway's Global Entrepreneurship Report", 38 percent of the Romanians have declared they want to become entrepreneurs. Likewise, almost one half of the interviewed deem that entrepreneurship could bring them a second income source, while 40 percent say this status would make them independent to an employer. The main obstacles to entrepreneurship, according to the Romanian questioned are the fear of failure (85 percent), on a rough rise to the 60 percent of the answers given in 2014 and much above the 69 percent European average. In addition, only 19 percent of the respondents have vindicated that the Romanian society would be entrepreneur-friendly, in a mere decrease against 22 percent in 2014. AGER is a global research carried by Amway in partnership with the Technical University Munich's Strategy and Organization desk. The data collection in the field was coordinated by the "Gesellschaft fuer Konsumforschung (GfK) Nuremberg (TUM)" study. The target-group interviewed in May 26 - June 15, 2015 was represented by 1,084 women and men aged over 15. The research was carried through the individual interviews' method, in accordance with the Omnibus (PAPI-Technology) procedure, by the Gesellschaft fuer Konsumforschung (GfK) Nuremberg and Technical University Munich (TUM)
New record: sales of RON 1.14 billion in the first 9 months, higher by 6.4% compared to the same period in 2023 Normalized net profit increase of 66.3% compared to 9 months 2023, to RON 71.4 million, almost 90% of the normalized profit of the entire previous year EBITDA margin reached 11.3% in the first […]
Romania's interior minister, Cătălin Predoiu, expressed cautious optimism about the country's prospects for full Schengen accession following a meeting scheduled for November 22 with Austrian interior minister Gerhard Karner. Speaking on local news channel Antena 3, Predoiu stated that "the pieces are quite well placed" for progress on accession with land borders,
Romgaz (BVB: SNG), the largest producer and main supplier of natural gas in Romania, will list its first bond issue, worth EUR 500 million and aimed to finance the Neptun Deep offshore gas project, on the Bucharest Stock Exchange on November 19. In October, Romgaz issued the first EUR 500 million tranche of a EUR […]
Left without heating after a coal-fired unit at Electrocentrale Craiova broke down, Ford Otosan’s automobile plant in southern Romania ceased operations on November 13, Profit.ro reported. The losses at the factory that is producing some 1,000 automobiles and 1,700 EcoBoost...
Bucharest Exchange-listed Premier Energy Group, active in the renewable electricity generation and energy supply activities in Romania and Moldova, announced its revenues rose by 25% y/y to EUR 816 million in January-September and by 61% y/y to EUR 303 million in Q3 alone, driven by both organic performance and strategic acquisitions. The net profit, however, shrunk […]
Romania's leading energy producer, Hidroelectrica (BVB: H2O), announced its output decreased by 22% y/y to 11.35TWh in January-September, citing both market conditions (a change in the regulations that resulted in volatile prices and volumes traded) and adverse hydrological conditions. The revenues contracted by 25% y/y to RON 7.2 billion (EUR 1.44 billion), roughly in line […]
