The profits recorded by the companies that are active on the gambling market in Romania have decreased ten-fold, down to the value of 187 million RON, in 2020, from over 1 billion RON, the year previously, shows an analysis conducted by the specialists of the termene.ro specialty platform.At the same time, the local gambling market recorded a decline of approximately 50 pct, superior as a share even to the HoReCa industry, which only contracted 30 pct.According to termene.ro, in terms of value, the year 2020 meant a drop in income, from 10 billion RON (value recorded at the level of 2019) to 5.13 billion RON (value recorded at the end of 2020). In 2018, the income of companies that are active in this domain was of 9.16 billion RON.In what regards the human resource, the drastic drop in income resulted in the decrease in the number of employees, from 27,600 in 2019 to fewer than 18,400 in 2020.From the point of view of companies that reported financial situations for each year analyzed, the trend is, also, dropping. Thus, for 2018 there were 924 companies that submitted financial situations, in 2019 their number dropped to 828, and in 2020 only 645 entities submitted annual financial data.Termene.ro is a company established in 2014 out of the wish to allow companies to identify business opportunities and a correct evaluation of risk for more prosperous business, offering an intuitive and easy-to-use platform.Up to now, over 70,000 companies have access to the complete platform that offers real-time information on financial and legal data for companies in Romania.
Almost half (45%) of births to mothers under the age of 15 in the European Union (EU) states come from Romania, where one in ten newborns has a teenage mother, according to a recent study by Save the Children. Although only 4.59% of births in the EU were from Romania in 2022, the percentage grows […]
The mayor of Bucharest’s District 1, Clotilde Armand, is facing serious legal implications after she was indicted. Prosecutors have accused her of self-appointing as the manager of an anti-corruption project, a move that allegedly led to an increase in her monthly allowance. The case was opened following a complaint by the National Integrity Agency, which […]
Nearly two-thirds of the respondents to a recent INSCOP survey believe that Romania met all the criteria also to join the Schengen area with its land borders, but some states block the country’s full accession for economic reasons,
Central and Eastern European startup nPloy has expanded its job posting offering with remote, location-flexible jobs in the technology industry to over 1,000 remote posts provided by more than 100 global tech companies, such as GitLab, Brevo, Airalo, Binance, AngelList, Polygon, Kraken, and Zapier. "And from what we see in the last few weeks since we […]
In the day when the opening of Arges Mall in Pitesti (April 25) brought the third Mcdonald's and also the third KFC fast food restaurant in the city, as well as a long array of fashion outlets such as Zara, Pull&Bear, Bershka, Stradivarius, Reserved, House, Cropp, Sinsay,...
Romania’s leading financial group Banca Transilvania (BVB: TLV) announced that its shareholders endorsed the disbursement of RON 1 billion (EUR 200 million) as dividends, out of last year’s RON 2.5 billion net profit, at a gross yield of 4.4% based on the most recent trading price. The shareholders also approved a capital increase by the […]
