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Articles - companies

Business incubators law passes by parliament

A new law aiming to support business incubators has received a favourable vote by the Chamber of Deputies and is now awaiting promulgation.

Number of dissolved companies up 93% in Romania in Q1

The number of companies that suspended operations in the first quarter of this year rose by 43% compared to the same period in 2016.

Almost 30 pc of SMEs in Romania have access to high-speed Internet

Almost 30 per cent of small- and medium-sized enterprises (SMEs) in Romania have access to high-speed Internet (over 30Mbps), higher than the average of the new member states of the EU (NMS13 – New Members States), reveals the Digital Economy Lab 2016 (DELab) report published recently.

Company groups fewer than before the crisis, on the rise in recent years

The number of company groups in Romania reached over 51,400 in 2014, dropping from the 269,000 registered before the economic crisis hit our country in 2008, according to data from the National Institute for Statistics.

Ovidiu Şandor, ModaTim Investment: Romania needs local entrepreneurs

Romania needs local entrepreneurs, representing the resource which could carry forward the country, considers Ovidiu Şandor, the president of the real estate development ModaTim Investment Timişoara.

Larger companies threatened by insolvency in Romania

A study by CITR shows that over 50 percent of companies of impact in the Romanian economy (having assets exceeding EUR 1 million) are in difficulty. Although the number of insolvency cases has declined in the past three years, over 50 percent of companies falling into insolvency reported a double loss and an increase in indebtedness in 2015 over 2014.

Stefanini opened a support center in Targu Mures on 300 sqm in Multinvest Business Center I

Stefanini Romania, local subsidiary of the Brazilian company Stefanini – one of the leading global players in the outsourcing of IT services, has opened a new support center in Targu Mures, which is the third in Romania, after those in Bucharest and Sibiu.

Young Romanians under 25 may be exempt from tax on salaries

Young people under 25 may be exempt from paying the tax on salaries for three years, similar to the current model applied only to IT employees, according to a draft project debated in the Parliament.

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