Over one million companies (1,056,574) have been closed down in Romania over the last thirty years, shows an analysis Termene.ro, according to which lack of business education is the main reason for which many companies fail. The lack of business education is the main reason for which many companies fail. Thus, with an annual average of 34,000 closed down companies, Romania lost most companies in 2019 (230,330), 2006 (135,875) and 2002 (109,039). The main obstacle which the entrepreneurs have when they want to increase their own business is lack of education, which is still at the top, followed by access to financing and lack of knowledgeable people. That is why, we need courses about how to manage and increase businesses professionally, without micromanagement and without sacrifices. In my opinion, 25% of the closed down companies in Romania could have survived if their founders had had access to educational resources and today we would have had 250,000 healthy companies more on the local market’ Adrian Dragomir, business innovation consultant and co-founder Termene.ro said. Termene.ro is a platform which offers real time updated information about the companies on the local market.
Environmental non-governmental organization WWF-Romania (World Wide Fund for Nature) recently warned that the Danube Delta could lose 2,500 hectares to intensive agriculture. The warning was issued on February 2, World Wetlands Day, and concerns the Carasuhat area in the Danube Delta. This is a region that was partially restored through a European project funded with […]
Far-right and pro-Russian politician Călin Georgescu, who shot from obscurity to the forefront of Romanian politics in the now-canceled presidential elections, called for Romanians to boycott supermarkets on February 10. In his call, Georgescu gave the example of Croatia, where...
The controversial real estate developer Nordis, operating in some of Romania’s prime residential and commercial areas, collected nearly EUR 200 million through a “three-tiered pyramid scheme,” according to prosecutors from the Directorate for Investigating Organized Crime and Terrorism (DIICOT). A large-scale DIICOT operation was underway in the Nordis case on Monday, February 3, with dozens […]
Cristina Caramizaru, expert with over 20 years of experience in executive search and leadership advisory, joins Selion Global Romania as Partner. Launched in Romania in 2024 by Filip Nemteanu and Mihai Bajan, Selion Global Romania is the local branch of an international executive search and leadership consulting firm, dedicated to promoting organizational excellence through tailored […]
Production volumes fall at quickest rate on record (since July 2023) Softer drop in new orders signaled Sharp decrease in purchasing activity supports stock reduction The latest BCR PMI® data showed the decline in the Romanian manufacturing sector deepening. Operating conditions deteriorated to the largest extent across the survey history to-date in January, with the […]
Romanian finance minister Tanczos Barna recently stated that the government will regulate the local cryptocurrency market, forcing all companies to obtain an authorization to operate. Barna admitted that at the moment the state does not know the real size of the cryptocurrency market in Romania. “We will have a real dimension after we require all […]
