Economy | 18 April, 2024 at 8:47 PM
Year-end closing: clarifications and recommendations for companies
In today's dynamic economy, the financial year-end poses a significant challenge for Romanian companies.
In today's dynamic economy, the financial year-end poses a significant challenge for Romanian companies.
Companies have less than three weeks, until 17 April 2024, to familiarise themselves with the concepts related to workplace harassment.
Business has its eyes firmly set on a positive future, and leaders are looking to expand and grow with confidence.
The Public Country-by-Country Reporting Directive (Public CbCR) was published in the Official Journal of the European Union (EU) on 1st December, 2021.
Romania's Q1 of 2026 marks a shift in economic pressure from small businesses to larger companies with significant economic impact. According to analysis by CITR, the country's leading insolvency and restructuring firm, 19 companies with assets exceeding €4 million each entered insolvency in Q1 2026, compared to just two in the same period last year.
Sphera Franchise Group, Romania's largest food service group, reported consolidated sales of €75.6 million in Q1 2026, up 4.2% compared to the same period last year. Growth was driven by the return to positive performance of KFC Romania and the strong evolution of Taco Bell.
The European Commission (EC) has finalised the signing of the SAFE loan agreement with Romania.
Banca Transilvania (BT) said its consolidated net profit reached RON 1.14 billion lei (€228 million) in Q1, representing a 30.1% increase compared to the same period last year. Total assets for the group expanded to RON 227 billion lei (€45.4 billion) as the institution neared the milestone of five million active customers.
Vastint Romania has announced a new leasing contract with Arcadis Romania, which will occupy 1,183 sqm in building A of Business Garden Bucharest. The global design, engineering and consultancy company joins a growing community of international tenants at the development.