Economy | 1 April, 2025 at 7:30 AM
Romania's informal economy falls short of global average
Romania's informal economy represents about one eighth of its GDP, according to an EY report.
Romania's informal economy represents about one eighth of its GDP, according to an EY report.
Morphosis Capital Fund II, a growth capital fund focused on developing high-growth SMEs, announces its first investment outside Romania.
Most confident CEOs taking long-term approach to transformation with a focus on customers and employees, despite evolving disruptive forces.
The collaboration aims to address the AI skills gap by helping to equip young people with employable AI experience needed to thrive in the new AI-driven economy.
The lift in M&A activity in 2024 was most pronounced in H2, with 415 deals announced – the highest H2 volume since 2012 and a 58% year-on-year increase from 263 deals in H2 2023.
Security and trust remain the top telco risk, driven by AI concerns and escalating cyberthreats.
65% of all big pharma revenues now come from dealmaking, confirming a need for robust inorganic growth and value creation strategies.
In 2024, global IPO volumes fell 10%, with proceeds down by 4% YOY, while India led in volume and the US led in proceeds.
The current talent landscape is marked by employees moving in short cycles from one employer to another in order to gain new experiences and thus upgrade their skills.
EY Institutional Investor Survey shows that 92% of investors are reluctant to sacrifice short-term gains for the longer-term rewards of ESG investments.
AI is now largely accepted as key to future success in virtually every industry, and it is time for technology companies to translate the potential of AI into performance.
By 2030, Gen Z will be a key driver of the AI future, comprising 30% of global workforce.
45% of consumers globally are concerned about being able to pay for this festive season with half using loans or credit cards to fund their spending.
An overwhelming majority of CFOs (87%) believe that generative artificial intelligence (GenAI) will drive efficiency in the tax area, compared to only 15% in 2023.
Latest EY Global Integrity Report shows 49% believe that integrity standards within their organizations have improved over the past two years.
The human element plays a crucial role in successfully increasing the chance of a transformation significantly, improving performance by up to 12 times.
European companies don't make the grade on DEI: the average DEI Index score is 5.69 out of 10. Only Switzerland got a passing grade (6.0)
New EY survey finds boards must lean in and play a challenger role to establish sustainable business models.
Romania's exports to the United States in 2024 exceeded €2.28 billion, while imports from the US reached €1.31 billion, resulting in a trade surplus of €968 million.
Cross-border ecommerce transactions in CEE have seen a significant surge, climbing by 15% to reach €24 billion in 2024 compared to 2023.
As US President Donald Trump has announced a 20% tariff on products imported from the EU, Romanian PM Marcel Ciolacu said the government will launch support schemes.
Teilor Holding, encompassing the luxury jewelry chain Teilor, Teilor Invest Exchange, and Invest Intermed GF IFN, has announced the listing of two new bond issues on the Bucharest Stock Exchange (BVB).
Showpad, a global leader in AI-driven revenue enablement technology, has announced the launch of its new R&D centre in Bucharest.