Articles - companies

Poor cash flow and high loan rates among main insolvency reasons in 2015, says Coface

Overdue debt collection, faulty cash flow management, high loan rates and low investment results are among the leading reasons companies in Romania entered the insolvency procedure in 2015, shows a study by Coface.

The lack of human resources keeps the Romanian software industry from developing more rapidly

The main factor that blocks the faster development of the Romanian software industry is the lack of available human resources. This happens because the number of those who graduate technical specializations is too small compared to the market’s demand, according to representatives of the Employers’ Association of the Software and Services Industry (ANIS).

Who is Romania’s entrepreneur of the year in 2015?

Levente Hugo Bara, the owner of the Supremia food ingredients producer, won the EY Romanian Entrepreneur of the Year 2015 award. He will represent Romania in the EY World Entrepreneur of the Year competition that will take place in Monte Carlo, in June 2016.

New Huawei center in Romania after political situation stabilizes

Chinese telecommunications equipment producer Huawei plans to open a new global support center in Romania, most probably in Timisoara, but the project is currently on hold until the political situation in the country stabilizes, according to the company’s representatives.