Rising payroll or benefit taxes and the challenges of finding the right employees are causing companies in the industry to have a less optimistic outlook for the coming year, while a lack of predictability may impact the number of investors, reveals a report by the Association of Business Service Leaders (ABSL), conducted together with PwC consulting company.According to the source, the majority of companies in the industry (77%) have seen an increase in the number of customers and services delivered, while the increase in the number of employees has been 10% over the last two years.The report also shows that only 64% of industry companies expect turnover to grow this year, compared to 70% last year, and 33% of companies expect turnover to be similar to last year, compared to 25% in the 2022 report.Human resources and their availability continue to be the biggest challenge for the sector, with growth prospects also cautious in this direction. The ABSL report estimates 10% growth for the next two years.Industry companies increased wages in 2023 by an average of 9% and estimate 7% growth in 2024.According to the report, with an average gross salary of 11,637 lei, the business services industry remains the industry with the highest average basic salary. This industry was in the top 3 in 2022 in terms of wage growth, with 11% (after insurance and retail).Compared to previous years, the number of temporary employees (freelancing, consultants) increased 50%. This year, 46% of companies had such collaborations for services such as IT and technology, finance, procurement and customer operations.At the same time, the number of companies employing expatriates went up 27% compared to last year. Companies chose to hire staff from other countries for services provided in lesser-used foreign languages (59% of cases), as well as due to a lack of human resources in the country (44% of cases).The latest data shows that the revenue generated by the industry for business was 9 billion euro. Also, the contribution of this sector to the GDP in Romania is higher than the European average in recent years.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
