The privatization success rate in Romania was under 25% in the last 25 years, when 7,726 state companies were sold and over 2 million jobs lost, says the president of the National Association of Entrepreneurs, Cristina Chiriac. “In 1989 the private sector in Romania did not exist. Since 1990, many privatization programs have been initiated. 7,726 companies were privatized, and less than 25% of those companies still exist. The social effect of the phenomenon is the loss of 2 million jobs,” Cristina Chiriac explained at a conference on the impact of the Fiscal Code on small and medium companies. She pointed out that data come from an analysis of the association made over 1990-2014. In that context, small and medium companies should take over this social responsibility to absorb the people who lost their jobs from public institutions, but unfortunately that sector is neglected by authorities. “That sector is always left behind,” Chiriac said. The president of Brokers’ Association in Romania, Dan Paul, also spoke about privatization. He said that the failure of privatizations in Romania is explained by the form chosen by the state - direct sale, not by means of the stock market, which is a more transparent and safer process, both for the state and for investors. The state avoids this privatization means because “certain people still consider bribery.” He pointed out that privatizations vis stock market eliminate any doubt about the process, companies become transparent, money leakage is avoided, the state correctly gets taxes. “In order to solve come of those problems we should have a government with fewer but better paid ministers,” said the brokers’ representative. However he admits that Bucharest Exchange has a problem about the low level of transaction, and needs to attract investors, including entrepreneurs from small and medium companies. “I cannot offer any guarantees for 2016. We are trying to attract more private investors. There are Romanian industrialists who started developing their businesses and use the stock market as financing alternative,” Dan Paul said.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
