Most companies in Romania are at risk, because of changes in the green agenda, which generate about 40% of gross VAT in economy and hold about 50% of shares in economy, said Florian Neagu, deputy manager in the Financial Stability Department of the National Bank of Romania (BNR) at a conference on Thursday. “Romanian economy has not adapted and authorities have not had an outlook to enter this new European green agenda. We lack an industrial policy for more than a decade. There is no industrial polocy which should focus the authorities' outlook and boost certain development domains. Finally there is the risk of not benefiting from these new opportunities and paying especially costs that come associated with changes of climate agenda. Another vulnerability is that in Romanian economy most companies are at risk, following changes coming from the green agenda. According to our calculations , those companies generate about 40% of gross VAT in economy and hold about 50% of all shares in economy. So this transition should take place in orderly fashion,” Neagu said. The BNR specialist considers that authorities should be aware of the fact that carrying out the transition process to green economy can bring positive results and development opportunities. “That is why, if we draw a line between opportunities and challenges, this green transition process should normally bring a positive result. In case we are not aware of opportunities, or vulnerabilities, there is the risk of paying the price without significantly benefiting from opportunities,” Neagu pointed out. CFA Association Romania, in partnership with the Association of Financial Banking Analysts in Romania, the Treasurers' Association in Romania and ACI Romania, organized on Thursday the conference “Sustainable Finances: how to finance change”.
Hungarian filmmaker Béla Tarr (in opening photo) is one of the guests of this year’s Transilvania International Film Festival (TIFF), which is currently taking place in Cluj-Napoca. He will receive a Lifetime Achievement Award at the TIFF Awards Gala. Until then, audiences will have the chance to meet him at the cinema and attend a […]
With a continued commitment to innovation, sustainability, and affordability, Auchan Romania has received three major distinctions at the “Voted Product of the Year 2025” competition – the most prestigious recognition platform for innovation and performance among products, brands, and retail networks in Romania. In addition to being named Retailer of the Year in the Hypermarket […]
Roughly 72% of Romanians believe that their own actions have the greatest impact in building a sustainable future. At the same time, they acknowledge the essential role of companies (68%) and governments (66%) in achieving sustainability goals, according to the fourth annual edition of the National Barometer on Romanians' perceptions and behaviors related to sustainability […]
Contakt, a Romanian mobile accessories retailer operating a nationwide network of 245 stores, has announced plans to list on the AeRO market of the Bucharest Stock Exchange this fall. Roughly 10% of the company’s share capital will be made available to investors during the IPO, with a gradual increase in free float to 30-40% forthcoming. […]
Wizz Air will reopen its base in Suceava, in northeastern Romania, where it will allocate two Airbus A321neo aircraft. With these, the airline will operate a total of 43 aircraft during the winter season in Romania. Wizz Air will also introduce eight routes from Suceava starting in December. Passengers will be able to fly from […]
A new legislative proposal is currently being developed regarding end-of-life care, according to doctor Cătălina Poiană, president of the Romanian College of Physicians. It would be a first for the Romanian medical system. Dr. Poiană specified that the document has been worked on by representatives of the Romanian Society of Anaesthesia and Intensive Care (SRATI), […]
