Central Europe chief financial officers have reached a pessimism peak as their confidence about the economic outlook and the wider business environment continues to fall amid the uncertainty caused by the COVID-19 pandemic, according to the latest Deloitte CE CFO Survey, conducted on more than 300 leading finance professionals in six countries - the Czech Republic, Estonia, Latvia, Lithuania, Poland and Romania. Almost three quarters of the respondents (72%) stated they were less optimistic about their companies’ financial prospects than before the new coronavirus outbreak, with Polish leading the top of the pessimistic (79%), followed by Romanians (75%). The study also shows significant shifts in the perceived levels of uncertainty facing respondents’ businesses, considering that an average of 36% respondents felt a high level of external financial and economic uncertainty in the pre- outbreak edition of the survey, compared to almost 70%, in the latest edition.
MINA Cluj, the largest immersive art center in Europe, opened its doors for a preview last week, offering an initial experience of the show and interactive installations. The official opening took place with MINA representatives, local authorities, and special guests who spoke about the impact the new cultural space will have on Cluj in particular, […]
A total of 975,582 Romanian tourists traveled to Turkey by the end of the third quarter of 2024, a record compared to past years. According to data, over the nine months, Turkey’s tourism sector reported a 16% increase in Romanian visitors compared to the same period in 2023 (821,639) and a 26% increase compared to […]
The National Art Gallery of the Brukenthal Museum in Sibiu will open to the public on November 24 following extensive restoration and modernization efforts, the institution announced. The National Art Gallery will present an exceptional collection of sculpture, photography, historical artifacts, books, drawings, and more. This exhibition will draw from the Brukenthal National Museum’s extensive […]
MASTERBUILD General Contractor & Developer completed the construction of a new shopping center in Pitești, southern Romania, developed by Square 7 Properties in partnership with Belgian investment fund Mitiska REIM. The new Pitești Shopping Park is located in the northern area of Pitești, covering a total leasable area of 24,000 sqm. Located on Nicolae Bălcescu […]
We’ve recently started to talk more about burnout, yet it remains a hidden health problem. That’s because people experiencing burnout often feel ashamed to speak about it. I know this firsthand, as I felt that same shame, in my professional life before becoming a psychologist. I suffered from burnout while working as a media entrepreneur […]
Romanian president Klaus Iohannis, prime minister Marcel Ciolacu, and other Romanian politicians and officials have congratulated Maia Sandu for her re-election in the presidential elections in the Republic of Moldova. Maia Sandu secured a second term as Moldova’s president, winning over 55% of votes overall. The pro-Russian candidate Alexandr Stoianoglo won 44.65% of votes, and […]
