Approximately 730,000 farms in Romania are family businesses, representing more than 90% of the total of over 800,000 farms, Nicu Vasile, the president of the League of Associations of Agricultural Producers in Romania (LAPAR) said on Tuesday."Since I came within these professional associations, I mean the LAPAR federation, I have seen many failures. Many addresses regarding the closure of family farms. (...) When I discuss an entity, a commercial company, I must refer to the macroeconomics of the respective country. Romania's policy does not allow more than to do a spot type business, for a very short period of time," mentioned Nicu Vasile, at the event "The Future of Family Businesses in Romania", organized by the publication Club Antreprenor.He pointed out that, at the national level, about 245,000 family farms are bankrupt because of "the policy we do at the European level, but also the distribution policy we have at the national level".According to him, a business plan cannot be made for a period longer than two years because of the very small profit that is obtained.
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
