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Articles - companies

Brazilian IT outsourcing group opens third center in Romania

The local subsidiary of the Brazilian IT outsourcing group Stefanini will open its third IT support center in Romania next month. This will be located in Targu-Mures, central Romania, and will hire about 50 people in one year, according to the company.

Romania has 116,000 companies with no employees but doing business

In Romania there are about 116,000 companies registered with the Ministry of Finance doing business while having no employees, according to an analysis by KeysFin. Most companies have offices in apartments and studios and one such company posted last year a turnover of RON 17.3 million, the report shows.

Consolis invests EUR 3 million in research centre opened in Cluj-Napoca

Precast producer ASA CONS from Turda, Cluj county, part of the French group Consolis, opened in Cluj-Napoca a research and development centre for the activities of Consolis in the Nordic countries, as well as for other group’s subsidiaries from the Baltic region or from Eastern Europe.

Companies in constructions and real estate have the highest credit risk

The companies active in the constructions and real estate sectors still have the highest credit risk, the underperforming loans rate reaching 24 pct in the end of June.

German companies top the foreign business ranking in Romania

German companies lead the foreign investors’ ranking in Romania in terms of revenues and number of employees, according to official statistics.

EY: Romanian managers are confident in the growth of their business

Business leaders in Romania are confident that their business will grow this year, as well as having faith in the overall positive trend of the economy, according to a new survey published by EY Romania.

EU funds for IT companies in Romania delayed again

Romanian companies in the IT&C sector will have to wait another month before they can submit projects to get EU funds through the new Operational Programme Competitiveness 2014-2020. The program will be open for applications starting November 2 instead of October 1.

Romania has 100 angel investors at most and only half are active

Romania has maximum 100 angel investors and only half of them are active, according to Peter Barta, CEO of the Post-Privatisation Foundation. Romanian start-ups struggle with finding financing, he said.

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