Finance News by Forvis Mazars Romania April 2025

Wed | 30.04.2025

Accounting/audit/tax

Increasing competition set to impact businesses: Forvis Mazars C-suite barometer 2025

Forvis Mazars revealed the results of its latest C-suite barometer. The 2025 study found the majority (93%) of C-suite executives worldwide have a positive growth outlook for their organisations, but there are still challenges ahead.

Main conclusions:

Increased competition and heightened geopolitical instability are now the two highest rising trends holding back growth for executives - 35% (up 13 points) and 30% (up eight points from 2024), respectively.
Leaders expect economic uncertainty (39%) and increased competition (33%) to have the biggest impact on their organisations.
More than four in five businesses (83%) plan to expand to at least one new country in the next five years, with over 40% targeting three or more new countries.
Just under half (43%) of organisations continue to report a struggle to recruit talented people.
90% of the Romanian C-suite leaders have a positive outlook for growth.
More than four in five Romanian businesses saw growth in 2024.

Dino Ebneter, Country Managing Partner, Forvis Mazars in Romania, commented: „Looking back at 2024, over four in five Romanian businesses reported growth, with half seeing strong growth of 10% or more - figures that surpass both the regional (34%) and global (42%) averages. This performance highlights how Romanian organisations have managed to not only survive but thrive. However, even considering the positive growth, factors such as increased competition (36%), new regulations (28%), and political instability put an extra pressure that could hinder further growth. These challenges are top of mind for business leaders, as they navigate an increasingly competitive and unpredictable market.”

Read more info HERE.

Only one month left to submit the 2024 financial statements: essential new fiscal and accounting regulations for companies, by Forvis Mazars

2024 has brought significant legislative changes in the fiscal and accounting fields, directly impacting financial reporting, direct and indirect taxation, transfer pricing, and human resources policies. With the deadline for submitting the financial statements fast approaching, companies must navigate these updates effectively.

To support businesses in this process, Forvis Mazars’ experts have prepared a dedicated session covering the key regulatory changes and their implications. Their insights and recommendations can be found in their latest material.

Read more info HERE.

Growing competition and economic uncertainty impact Romanian and CEE C-suite strategies

The 2025 edition of Forvis Mazars’ C-suite Barometer shows that the majority of C-suite leaders in Romania (90%), Central and Eastern Europe (90%), and globally (93%) have a positive outlook on the growth of their companies, although they acknowledge that challenges remain.

Strategic priorities for leaders in the region over the next three to five years include: IT/technology transformation of their company (33%), international expansion (30%), and sustainability strategies (28%). In Romania, the priorities are aligned with those in the region, but there is a particular emphasis on sustainability strategies, which rank first, being mentioned by 46% of C-suite leaders.

Dino Ebneter, Country Managing Partner, Forvis Mazars in Romania, mentioned: “International expansion continues to stand out as one of the top strategic priorities for Romanian companies. What’s encouraging is the long-term vision - most companies aren’t just reacting to market pressures, but actively planning for cross-border growth. Romania’s location, access to the EU market, and increasingly skilled workforce provide a solid foundation for businesses looking to expand internationally. The next step is turning ambition into action, supported by local insight, cultural adaptability, and strategic planning.”

Read more info HERE.

CEE and Central Asia Tax & Payroll Newsletter, by Forvis Mazars

The CEE Tax & Payroll Newsletter aims on sharing Forvis Mazars’ latest news on tax, labour, and payroll legislation in Central and Eastern Europe, with the scope of helping you to prepare for the changes that could lie ahead.

The overview of the most important tax and payroll insights from Central and Eastern Europe will help you navigate more efficiently through the changes that occur in the following countries: Albania, Austria, Croatia, Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Ukraine, and Central Asia: Kazakhstan, Kyrgyzstan, Uzbekistan.

Tax Control Framework in Central and Eastern Europe. A look into the most important facts at a glance and local contexts, by Forvis Mazars’ joint regional team of tax experts in Central & Eastern Europe.
Labour market challenges and regulatory trends in CEE. An overview of Hungary, Poland, Romania, and Slovakia, by Forvis Mazars’ joint regional team of payroll experts in Central & Eastern Europe.

Read more info HERE.

This article is provided by our Finance Partner, Forvis Mazars Romania.

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