Microenterprises in Romania have difficulty in maintaining a positive financial status. At an industry level, their debt ratio reached 73%, and the higher impact was on companies with a turnover lower than EUR 50,000, thus reaching 81%. The retail ratio is of 90%, while the most capitalized companies are the...
The post Instant Factoring survey: Company liquidity, a major issue for Romanian small business owners. Microenterprises had a debt ratio of 73% in 2018 appeared first on Nine O' Clock.
Romanian-born author Patricia Furstenberg invites readers into the shadowed heart of Transylvania with her 1000-word story The Night of Returning Souls. “Let me show you the world as it once was,” she told Romania-insider.com, introducing a haunting tale set on All Saints’ Night, when the veil between the living and the dead grows thin. “In […]
Three tourists climbing Romania’s Făgăraș Mountains died this past weekend in separate accidents after slipping hundreds of meters down steep, ice-covered slopes. According to the mountain rescuers, two of the victims may not have had the necessary equipment for winter conditions. Their bodies could not be recovered immediately because of the late hour, officials said, […]
Marcel Ciolacu, former prime minister and president of the Social Democrats (PSD) in Romania, has been officially nominated as the party's candidate for the presidency of the Buzău County Council in the upcoming local elections scheduled for December 7. Speaking at the announcement event organized by PSD's Buzău branch, Ciolacu said his decision to run […]
Romanian president Nicușor Dan congratulated the newly elected president of Ireland, Catherine Connolly, in a message posted on social media on Sunday, October 26. “Congratulations to Catherine Connolly on her election as President of Ireland. I am looking forward to working together to develop our bilateral and European cooperation, building upon our countries' excellent relations […]
Romania has activated a new F-16 Fighting Falcon squadron to carry out NATO air policing missions, the Ministry of Defense announced. The 48th Fighter Squadron of the 71st Air Base “General Emanoil Ionescu” in Câmpia Turzii began operations last week, on October 20, under NATO command. The missions aim to safeguard Romania’s airspace and strengthen […]
Bucharest’s District 6 mayor, Ciprian Ciucu, confirmed on Monday, October 27, that he will run for the position of general mayor of the capital city, saying the decision followed “long and careful reflection” on where he could make the greatest impact. His announcement came as a new Avangarde poll showed a close race for Bucharest’s […]
