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Articles - companies

Romanian companies’ most pressing problems

The most pressing issues companies in Romania face are taxation, competition and lack of demand, according to a Central Bank (BNR) analysis. Financing is also among pressing problems mentioned by Romanian companies.

President promulgates `Business angels` law

The decree for the promulgation of the law on the stimulation of individual investors – business angels – was promulgated on Thursday by president Klaus Iohannis, reports Agerpres.

Company managers optimistic on growth

According to a survey conducted by the National Statistics Institute (INS), the managers of Romanian companies estimate that all economic sectors – processing industry, constructions, trade and services – will register growth in May-July 2015.

UniCredit to raise number of IT centre employees by 20 pc

UniCredit will raise by 20 per cent the number of employees at its IT centre in Romania, a centre set up in 2005 and which currently has approximately 1,400 employees. At the same time, the Italian banking consortium wants to get involved in financing IT&C industry entrepreneurship but also in developing tertiary IT education.

Romania’s Chamber of Commerce and BVB sign partnership to support entrepreneurs

The Chamber of Commerce and Industry of Romania (CCIR) and the Bucharest Stock Exchange (BVB) signed on Thursday a cooperation protocol, under which the two entities will work together to support the community of entrepreneurs in Romania, to promote as wider the solutions offered by the capital market to finance growth and development of companies and the business community.

More than half of big companies in Romania, under imminent insolvency

About 60% of the companies with assets of over EUR 1.5 million are under imminent insolvency risk or in difficulty, said Andrei Cionca, general manager of insolvency firm CITR Group.

Average annual business figure of IT&C sector reaches 2.8 billion Euros

The annual business registered in the IT&C sector in Romania has reached an average of 2.8 billion Euros, but specialists in the field say it could reach 10 billion Euros, said Aurel Sorin Encutescu, the secretary of state in the Ministry of Economy, Trade and Tourism (MECT), at the regional summit on cyber security held at Parliament Palace.

Over half of Romanian entrepreneurs expect friendlier environment in maximum 10 years

Over half of Romanian entrepreneurs believe Romania will offer a business-friendly environment in maximum ten years, according to a recent EY study. Some 34% believe this will happen in 5-10 years while 21% are even more positive and give a time frame of 3-5 years.

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