Measures for company subsidy in 2020 helped HoReCa companies cope with unprecedented challenges but did not solve problems of vulnerable companies. HoReCa sector was the most affected recording a drop of 77% profit reduction, said Alina Popa, Coface commercial manager at a specialized conference. “In 2020, measures meant to save companies helped them get over a year with unprecedented challenges, but did not solve problems of vulnerable companies, but just helped them gain time. Companies have debts, have a reduced capacity, commercial credit went up and we must bear in mind that 2021 support measures were 10-11 times smaller than in 2020 and gradually they will be withdrawn,” said Alina Popa. She added that an increase of the average invoice payment term to suppliers took place and reached 117 days in 2020, which is double the term of ten years ago when it was 60 days. “All these vulnerabilities are higher when companies are smaller and have a lower negotiation power. Small companies are more affected than what this global image shows,” Popa added. The Coface official pointed out that if we look at sectors in which those companies carry out their activities we see less affected sectors like constructions, where debt increase is accompanied by a business figure increase, but we also see sectors with higher debts and lower business figure, like transports, HoReCa, extraction industry and and recreation activity area. “Practically, HoReCa sector was most affected in 2020. It recorded an income contraction of 39% and a 77% profit drop,” Popa pointed out. She participated in the conference “IMM Prepare to get out of crisis”, second edition , organized by the inline publication Profit.ro, next to Team Innovation Media.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
