Romania’s construction market faces a wave of insolvencies

Romania’s construction market is facing big problems: the volume of work fell by almost 6% last year and the number of insolvencies topped 1,500 companies. The current challenges and possible solutions to overcome them were discussed and analyzed during the second edition of FORECAST Brunch, an event recently organized by the platform Vindem-Ieftin.ro, which brought…

Meet man who once built Rs 183000 crore ed-tech company, then faced insolvency, lost billionaire tag has now said…

The company saw exponential growth during the COVID-19 pandemic, reaching a peak valuation of $22 billion ((around Rs 1,83,000 crore) in 2022. However, aggressive expansion through costly acquisitions and marketing led to financial mismanagement. Byju Raveendran, the founder of Byju’s, took to X on  Sunday and showed optimism about rebuilding his business “brick by brick”…