Mazars, the international audit, tax and advisory firm has released the fifth edition of its Financial Reporting of European Banks report, which focuses on European banks’ expected credit loss (ECL) levels in H1 2022. The report is based on an analysis of information published in the 2022 interim reports of 26 banks across 11 European countries including the UK, France, […]

The amount of imported goods increases by 20% for winter holidays compared to other periods, the main products brought to Romania being Christmas trees, clothes, sweets, and specific Christmas decorations. Thus, 50,000 tons of goods enter the country per week for brick-and-mortar stores or online shops, according to DSV Road, one of the largest transport service companies in Romania and […]

In December, one of the most effervescent shopping periods of the year, retailers will see a decrease of between 5% and 20% in the number of products sold compared to the same month last year, but they will have higher revenues by about 5% in the context of high inflation, shows an analysis carried out by White Image, the largest […]

In the context of the blocking of Romania’s entry into the Schengen Area, the goods transport industry loses a series of benefits that would have reflected positively on the entire business environment, on numerous local businesses that depend on import and export and implicitly on the Romanian economy, according to DSV Road, the third largest global provider of transport and […]

Connections Consult SA, listed on the AERO market of BVB and the leader of the digital transformation market in Romania, signed a new significant contract with the Ministry of Justice for the implementation of the ECRIS management system, which facilitates access to justice and implements the electronic file. The project, one of the most complex in recent years in the […]

In the context of the pressing need to increase budget revenues to offset exceptional expenses generated by the current economic situation, as well as to identify any potential situations of profit shifting from one jurisdiction to another, tax administrations have launched a significant number of tax audits worldwide. Thus, in recent years, tax inspections carried out in Romania, which have […]

Global real estate advisor, CBRE, has advised CA Immo on the sale of its Romanian office platform to Pavăl Holding. The portfolio is comprised of seven high-quality office properties located in Bucharest, as well as the highly experienced Romanian management team. Its acquisition makes Pavăl Holding the city’s second-largest office landlord. “We are very happy to see that the Romanian […]

Limitless Agency, one of the largest online marketing agencies in Romania, is the only company from this industry that was selected by Huawei Ads to speak about the potential of the advertising and ecommerce market in Romania, at WebSummit Lisbon, the largest tech event in Europe. Increasingly unpredictable consumption behaviour, the desire to sell quickly at low costs and the […]

In the current economic context, marked by rising inflation, low sources of capital, but also by multiple business challenges, CBRE specialists come up with recommendations and suggest companies 10 initiatives to reduce expenses/costs with office spaces. “We are living through a challenging economic period, marked by uncertainty and an increasing cost of living. Beside the impact of inflation felt at […]

Black Friday 2022 is the biggest and most effervescent edition since the appearance of the concept in Romania, with almost the entire range of products included in the promotion and intensively promoted offers for bank loans and installments for shopping in local stores and abroad, unlike previous years, shows an analysis by White Image, the largest email marketing company in […]

The new working trends are not new anymore. Office as a destination, hybrid work, social offices, tech for inclusive set-ups and ESG requirements have identified themselves as stable trends and have a significant impact in the workplace and change management processes that majority of companies go through nowadays, according to CBRE Romania, the leader of the real estate consultancy market. […]

Romanian retailers expect an increase in sales between 60% and 200% on Black Friday 2022, compared to a period without discounts, from promotional campaigns sent by email and SMS, according to data from White Image, the largest email marketing company on the local market. According to White Image, the most active companies on Black Friday are from the fields of […]