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Articles - companies

Coface: Insolvencies in Romania down 17 percent in Q3

During the first nine months of this year 15,575 new insolvencies were registered in Romania, down 17 percent compared to the same period of 2013, when 18.735 new insolvencies were opened, an analysis by credit risk management firm Coface shows. The analysis is based on the data provided by the National Trade Registry.

Re/Max resumes expansion in Romania, wants to grow to 27 agencies

US based real estate company Re/Max presently runs a network of seven affiliated real estate agencies in Romania but plans to expand the franchise to 12 agencies by the end of this year and 27 by the end of 2015, Razvan Cuc, a local businessman who together with his wife owns the master-franchise for Romania, told a press conference on Wednesday.

Softvision opens second Bucharest headquarters

Romanian software outsourcing company Softvision opened this Monday its second Bucharest office.

Intel’s software development center in Bucharest reaches 180 employees, looks for more engineers

American technology group Intel has hired 180 people in its software development center in Bucharest, which was opened in 2010, and will continue to add IT engineers to produce software for data centers, according to Monica-Ene Pietrosanu, the center’s manager, quoted by local Hotnews.ro.

One million companies active on Romanian market

The National Trade Registry Office (ONRC) informs that the number of companies that have filed for insolvency in the first nine months of the year has dropped by 17.4 per cent to approximately 16,700, down from over 20,200 in the same period last year.

eMag to open new development hub in Iasi

Online retailer eMag is opening a new programming center in Iasi for which it will recruit 40 programmers in the first year of activity.

DB Schenker: the service center in Bucharest will increase to 600 employees

German giant DB Schenker, which decided to open this year in Bucharest a support centre for the financial departments of several group’s subsidiaries, started to recruit accountants speaking foreign languages and plans to reach 600 local employees in the following years.

Two IT giants preparing their Romanian entry could create 4,500 jobs

Two international IT&C corporations are getting ready to enter the Romanian market, which would lead to creating 4,500 jobs, according to a statement from Razvan Cotovelea, minister for Information Society, quoted by Agerpres.

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