Rising payroll or benefit taxes and the challenges of finding the right employees are causing companies in the industry to have a less optimistic outlook for the coming year, while a lack of predictability may impact the number of investors, reveals a report by the Association of Business Service Leaders (ABSL), conducted together with PwC consulting company.According to the source, the majority of companies in the industry (77%) have seen an increase in the number of customers and services delivered, while the increase in the number of employees has been 10% over the last two years.The report also shows that only 64% of industry companies expect turnover to grow this year, compared to 70% last year, and 33% of companies expect turnover to be similar to last year, compared to 25% in the 2022 report.Human resources and their availability continue to be the biggest challenge for the sector, with growth prospects also cautious in this direction. The ABSL report estimates 10% growth for the next two years.Industry companies increased wages in 2023 by an average of 9% and estimate 7% growth in 2024.According to the report, with an average gross salary of 11,637 lei, the business services industry remains the industry with the highest average basic salary. This industry was in the top 3 in 2022 in terms of wage growth, with 11% (after insurance and retail).Compared to previous years, the number of temporary employees (freelancing, consultants) increased 50%. This year, 46% of companies had such collaborations for services such as IT and technology, finance, procurement and customer operations.At the same time, the number of companies employing expatriates went up 27% compared to last year. Companies chose to hire staff from other countries for services provided in lesser-used foreign languages (59% of cases), as well as due to a lack of human resources in the country (44% of cases).The latest data shows that the revenue generated by the industry for business was 9 billion euro. Also, the contribution of this sector to the GDP in Romania is higher than the European average in recent years.
Social Democrat (PSD) leader Marcel Ciolacu has been appointed by president Klaus Iohannis to form the new government, with the prime minister set to request a vote of confidence from Parliament later today, December 23. Ciolacu thus returns to Victoria Palace as head of government, backed by the newly-emerged ruling coalition. The new cabinet will […]
Igor Feio, a Portuguese citizen living in Romania for over ten years, shares his view on the Constitutional Court's recent decision to cancel the first round of the presidential elections in the country. On November 24, about 9 Million people expressed their vote in the 1st round of the Presidential Elections. It was a somehow […]
Romania is quickly becoming one of Europe’s most desirable destinations for expats, thanks to its affordability, vibrant culture, and strategic location in the heart of Europe. Whether you’re considering citizenship, a nomad visa, or residency, each pathway offers unique benefits tailored to different lifestyles and goals. In this article, we’ll explore these options in depth […]
Amsterdam-based DRI, the EU renewables arm of Ukrainian energy company DTEK, announced the signing of the “largest physical solar power purchase agreement (PPA) in Romania” with OMV Petrom, the leading integrated energy producer in Southeastern Europe. The agreement groups three PPAs with OMV Petrom over an 8.5-year period for approximately 100GWh per year at a […]
Art Safari, the largest exhibition event dedicated to art in Romania, has announced its first 2025 edition, scheduled to take place from March 7 to July 27. The new season offers a program featuring anniversary retrospectives of Romanian art masters Ioan Andreescu and Ion Țuculescu, the exhibition Forgotten Painters – Hidden Treasures of Romanian Art, […]
Update: Crin Antonescu is the proposed presidential candidate of the coalition formed by PSD, PNL, UDMR, and national minorities, political leaders confirmed on Monday morning, December 23. Each party is set to confirm this endorsement through internal votes. “PNL has signed this coalition protocol to ensure our country has a stable government during challenging times […]
