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Articles - companies

Number of insolvencies down in January, but many companies suspend activity

A number of 662 companies filed for insolvency in the first month of this year, down 28.82pct compared to the same month of 2015, show the data with the National Office of Trade Registry (ONRC).

Romanian Finance Minister: Minimum wage goes up in May

The minimum wage will increase to RON 1,250 (EUR 280) starting May 1 this year, like previously announced, said the Finance Minister Anca Dragu.

EY Romania: 87 pct of Romanian companies to raise wages in 2016

In 2016, 87 percent of Romanian companies say they will raise wages but 44 percent of them do not estimate an increase of more than 5 percent, according to an EY Romania study. Moreover, 81 percent of the companies participating in the study said they will increase investments in 2016.

Romania’s new insolvency law leads to fewer insolvent companies

The new insolvency law, which entered into force in mid-2014, has reduced the number of businesses that entered insolvency.

Almost a quarter of Romanian CFOs expect the economy to grow in 2016, says Deloitte

Nearly a quarter of Romanian CFOs surveyed by Deloitte Central Europe expect the local economy to grow by up to 3.6 percent this year, in line with the World Bank’s forecast of 3.9 percent.

Insolvencies drop, deregistration and closures surge in 2015

The number of insolvencies of Romanian companies decreased in 2015 by 50.38 percent, while deregistration surged by 23.39pc, dissolutions by 52.53pc and temporary suspensions of operations by 12.1pc, according to data released by the National Trade Register Office (ONRC).

EY Romania: The most important fiscal challenges of 2016 for the companies

The most important fiscal challenges of 2016 for the companies of Romania are connected to the tax checks, local taxes - building taxes in particular, where significant changes have occurred from the very beginning of this year, and to the international regulations, says Alexander Milcev, partner and director of the Tax and Legal Assistance Department of EY Romania.

French IT group increases Romanian team by 500 people

French group Atos, a provider of IT solutions, will increase its local team by 500 people this year. It will thus reach over 2,000 employees in Romania.

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