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.
Runware, a startup founded by two Romanian entrepreneurs, announced last week that it has secured a USD 50 million Series A funding round led by Dawn Capital, one of the largest European investors in B2B software companies. The round also included Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. The company founded by Flaviu Rădulescu and […]
The body of Romanian former justice minister Rodica Stănoiu was exhumed on Monday, December 15, after prosecutors opened an in rem case regarding her suspicious death, Digi24 reported. Investigators are looking into the possibility that the former minister may have been killed through negligence. ...
Authorities in Romania have begun imposing fines for owners of bicycles and electric scooters who do not take out mandatory motor third-party liability insurance (RCA). The new rules have been applicable since November 13, but the Romanian Parliament granted a 30-day grace period until the application of sanctions, according to...
Art Safari will relocate to Amzei Square in central Bucharest in 2026, where it will operate under a new format titled Art Safari New Museum, following more than a decade of pop-up exhibitions hosted in historic buildings across the capital. After 12 years, 17 editions, and more than 1 million visitors, the exhibition platform will […]
In Romania, Christmas is more than holiday markets, decorated trees, and wrapped gifts. It's a season filled with old customs, lively rituals, and dishes that bring families together. One of the most popular Christmas traditions is caroling. Although traditions vary depending on the area, the ritual of going from house to house and singing carols […]
President Nicușor Dan said the “rule of law is not negotiable” and stressed that serious problems affecting the justice system can be resolved, as public concern grows following allegations of corruption highlighted in a recent investigative documentary by Recorder titled “Captured Judiciary.” People
