More than two thirds of companies worldwide (70%) expect an increase in public reporting on tax, as a result of the numerous regulations adopted in recent years, making data transparency and compliance with authority requirements the main challenge they currently face, according to Deloitte 2024 Global Tax Policy Survey.
German-held builder Geiger Transilvania reported turnover worth RON417.4 million (EUR84.4 million) for 2023, up 86% from 2022, in line with ZF calculations based on Finance Ministry data.
Entrepreneur Mihai Simiuc, who in early 2024 bought back FruFru and Urban Monkey brands from Unilever, has become a minority stakeholder in LifeBox, in line with ZF data.
Romania IT industry continued to expand in 2023, but the growth rate slowed down dramatically, though it stayed above 10%, reveals a survey conducted by a research group part of the Bucharest University of Economic Studies commissioned by The Romanian Employers Association in the Software Industry (ANIS).
Oyl Company Holding, a company operating in the field of road construction and held by entrepreneur Corneliu Dragomir, ended 2023 with a turnover of RON305.2 million (EUR61.7 million), up 33.2% from RON229.1 million (EUR46.4 million) turnover reported in 2022, in line with calculations by Ziarul Financiar (ZF) data based on finance ministry data.
Pangram, the producer of Monte Banato pasta brand, majority held by Italy’s Colussi (with an ownership stake of 92.3%) and Resita mayor, Ioan Popa (7.5%), saw its profit doubling to RON1.7 million (EUR351,000) in 2023, compared with a net gain of over RON870,000 (EUR176,500) reported in 2022, as per publicly available data.
Automotive wiring maker Kromberg & Schubert Romania NA, the local subsidiary of Germany’s Kromberg & Schubert, reported a turnover of RON274.8 million (EUR55.5 million) for 2023, up nearly 56% from RON176.2 million (EUR35.7 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated from data on finance ministry website.