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Number of insolvencies in Romania could exceed 30,000 this year

Number of insolvencies in Romania could exceed 30,000 this year

There were around 28,000 new insolvency procedures in Romania last year, and this year this figure could reach or even exceed 30,000, said Valentina Burdescu, director of the Bulletin of Insolvency Procedures (BPI), during the second National Insolvency Conference.

The Germans from Deutsche Bahn to develop services centre in Pipera

The Germans from Deutsche Bahn to develop services centre in Pipera

German group Deutsche Bahn, with worldwide revenues of EUR 39 billion in 2013, will develop a service centre with hundreds of employees within Hermes Business Campus project in Pipera, where it has rented 2,000 sq. m in the first phase.

EY study 'Romanian entrepreneurs' Access to Funding'

EY study 'Romanian entrepreneurs' Access to Funding'

Over half of the companies in Romania have received funding over the past year, but bank credit, although it remains the most important source of funding, has decreased below 50% of the companies' preferences, whilst the share of funding from European funds has nearly doubled to 26%, shows the EY study 'Romanian entrepreneurs' Access to Funding.'

Ericsson will hire 300 new people in its Bucharest Global Services Center

Ericsson will hire 300 new people in its Bucharest Global Services Center

The Ericsson Global Services Center in Bucharest, with a current headcount of 1,900 IT and telecom experts, will grow by an additional 300 people by the end of the year.

Polsib publishing house in Sibiu turns to real estate

Polsib publishing house in Sibiu turns to real estate

Polsib publishing house in Sibiu, recently sold by Teora to a company from Arad intend to change its range of activity from books publishing to real estate development and promotion and close the bookstore owned in Sibiu.

Austrian companies invested EUR 10.9 billion in Romania

Austrian companies invested EUR 10.9 billion in Romania

The investments of Austrian companies in Romania totalled EUR 10.9 billion, representing 18.5% of total foreign direct investments in the country, according to Rudolf Lukavsky, Commercial Counsellor at the Austrian Embassy in Bucharest.

EY study: Romanian businessmen growing more pessimistic

EY study: Romanian businessmen growing more pessimistic

Romanian businessmen have become more pessimistic in the last 8 months about business growth this year, according to a study from Ernst & Young.

Romania, 4th CEE country by number of big companies

Romania, 4th CEE country by number of big companies

Romania is ranked 4th among countries in Central and Eastern Europe (CEE) according to the number of companies present in the Top 500 largest companies in the region edited by Coface and quoted by Mediafax.

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