Romania is in the process of banning certain non-EU and non-EEA countries from participating in public procurement procedures in Romania. After a Memorandum outlining this ban was first approved by the Romanian government, on 20 March 2021 the national regulatory… Read moreRomania to restrict third country-bidders and products for public contracts
COVID-19 has increased labour market inequalities between women and men, with more women losing or giving up their jobs during the pandemic, according to the PwC Women in Work Index report, which measures female economic empowerment across Organisation for Economic… Read morePwC Women in Work Index: Progress for women in work could be back at 2017 levels by the end of 2021 as a result of the COVID-19 pandemic
• More than 7000 companies have debts over RON 1 million each, facing a double crisis: one of debts to the state budget and that generated by the pandemic • The value of their total outstanding debts amounts to RON… Read moreCITR: 2021, the year of prevention in business. Companies must be prepared to anticipate changes and invest in solutions that would help them better manage the risks
Staff turnover in Romanian companies decreased significantly last year to an average rate of 17.2%, from 23.1% in 2019, amid the economic uncertainties brought by the Covid-19 pandemic, according to PwC Romania’s HR Barometer report. Of that 17.2%, the majority… Read moreHR Barometer: Romanians opted for job security in 2020. Staff turnover in Romanian companies decreased to 17.2%
Increased productivity and efficiency resulting from 5G technologies will drive business, skills and services developments worth USD 1.3 trillion to global GDP by 2030, according to PwC’s report “The global economic impact of 5G. Powering Your Tomorrow”. Mircea Bozga, Risk… Read morePwC Report: The productivity boost from 5G technology will add USD 1.3 trillion to global GDP by 2030
The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to… Read moreDeloitte study: the COVID-19 crisis will accelerate the CEE banking sector consolidation; Romania had one of the largest number of banking transactions in the region
Cumulative investments of governments and companies in upskilling and reskilling initiatives could boost global GDP by USD 6.5 trillion and create 5.3 million net new jobs by 2030, according to ”Upskilling for Shared Prosperity” report, launched at Davos by PwC… Read morePwC and World Economic Forum report: Investments in upskilling would lead to the creation of 5.3 million net new jobs by 2030
Global Mergers & Acquisitions activity is expected to accelerate in the next six to twelve months due to low interest rates, a desire to acquire innovative, digital or technology-enabled businesses, and an abundance of available capital in the market, according… Read morePwC Report: M&A global activity expected to accelerate in the next six to twelve months due to abundant available capital
1. General context Since the Mining Law no. 85/2003 (“Mining Law”) entered into force on March 27, 2003, the economic and social environment in Romania has undergone a major evolution, marked by the increase of investments, especially with the accession… Read moreDigging for modernisation – Mining Law
The global economy is projected to grow in 2021 by around 5%, the fastest rate recorded in the 21st century, returning the global economy in aggregate to pre- pandemic levels of output by the end of 2021 or early 2022,… Read morePwC Outlook: The global economy is projected to rebound by early 2022, with the fastest rate recorded in the 21st century
