Romania acts under potential, and this year there is no company left in top 20 of the companies of Central and Eastern Europe, although there should be represented in top 10 companies in the region, said on Monday Eugen Anicescu, Country Manager, Coface Romania, in a press conference.According to him, Romania occupies place four in the top, with 56 companies, fewer with two against the previous top. According to him, Romania should occupy the second place and this is to be aimed at in a medium and long term.Eugen Anicescu stated that Romania has more companies which grow their turnover than companies which drop their turnover, as they are companies in sectors which benefitted from this period.The average rating of the companies in Romania which are in the top is 7, the second highest of all countries. The representative of Coface Romania said that this is due to the fact that Romania has extremely solid companies in top 500. Similarly, it is another proof of the polarity of the Romanian economy.From the sector perspective, top 3 sectors is made up of the non-specialised commerce, the oil sector and the automotive sector.The best positioned Romanian company in the country top is 22nd in that of region top. As for newly entered companies in the top there are two state-run companies: Nuclearelectrica and Transelectrica.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
