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.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
