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Articles - business environment

Romania, an outsourcing attraction for international companies and Romanian entrepreneurs

Romania is one of Europe’s most important destinations for business services investors, such as BPO, ITO or SSC suppliers, a sector worth currently roughly 1.2 billion Euro, with more than 60,000 employees. Although registering constant growth on the local market in the past few years, the business services industry experiences several challenges that hinder its proper development.

Insolvencies down by more than half in Romania

The number of insolvent companies dropped in the first two months of the year by 56% year-on-year. It reached 1,895, according to Romania’s Trade Register ONRC.

CFA: Macroeconomic confidence indicator, up 2.5 points in February

Macroeconomic confidence indicator recorded, in February, an increase by 2.5 points from the previous month, having reached the value of 62.3, according to a CFA Romania release.

Romania reports the largest number of M&As in CSE in 2014, says EY

Romania registered the highest increase of the mergers & acquisitions (M&A) market in Central and Southeastern Europe (CSE) in 2014, according to the EY – M&A Barometer Romania 2014.

Global ultra-wealthy population up 3% in 2014

According to the most prestigious survey on global private wealth, THE WEALTH REPORT, the number of Ultra High Net Worth Individuals (UHNWIs) increased, announces The Advisers/Knight Frank following the launching of the report’s results within the International Conference MIPIM 2015 that took place last week at Cannes.

Housing, land and car tax on upswing according to updated Tax Code draft

The updated Tax Code draft brings changes regarding the tax on housing which has been increased compared to the document announced last month by increasing the taxable value according to which it is calculated the final payment amount. The new document, dated March 13 and quoted by Mediafax, stipulates a growth of over 6 percent of the taxable value for all types of buildings.

Aurelian Dochia: at present, Romania is in the best context over the last 6-7 years

Romania is among the European countries which managed to correct the imbalances accumulated before the crisis, its performance is good in the present European context, but not as good as regards the convergence towards the living standard of the EU countries, considers the economic analyst Aurelian Dochia.

Romania net investments 3.1 pct down in 2014

Net investments in the national economy dropped last year by 3.1 percent as compared to 2013 to RON 65,59 billion (EUR 14,77 billion), according to the National Statistics Institute data.

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