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Articles - companies

Multinational groups dominate Romanian business

Only 5,600 groups of companies were locally-owned in Romania in 2012, while the number of multinational groups was six times higher, according to data from the National Statistics Institute INS. About 31,000 groups were controlled by companies from abroad, stats show.

Genpact expand lease in office project IRIDE in Pipera

The outsourcing company Genpact increased its leased area with 3,200 sq. m in Iride Business Park in Pipera, a property in Austria’s Immofinanz Group portfolio, where the company could set offices for at least 300 employees, according to ZF estimations.

Government approves support scheme for job creators

The Government’s plan to partially cover salaries in firms that generate a minimum of 20 jobs was approved on Wednesday. The government financial support will be provided for two years.

Former GTC Romania’s head founded its own real estate development company and develop new office building in Bucharest

Former head of the real estate developer GTC Romania Shimon Galon founded a company together with several friends and former employees of GTC, which will deal with the development of its own real estate projects, but also for other investors.

Number of insolvent firms in Q1 of 2014 down 10 percent on year

The number of firms that have entered insolvency in the first three months of 2014 is down 9.75 percent compared to last year: from 7,535 companies in Q1 2013 to 6,800 companies in Q1 2014, according to data released by ONRC.

Office Depot expands its offices in Cluj

Office Depot, services and solutions supplier for working spaces has extended its lease in the office building Iulius Business Center in Cluj, expanding its area with 700 sq. m, to 4,500 sq. m.

Over 3,600 companies suspend operation in first two months of 2014

The total number of companies which suspended their operation decreased in the first two months of this year by 25.8 percent compared to the same period of 2013, from 4,860 companies to 3,606 ones, according to the data centralized by the National Office of Trade Registry, Agerpres informs.

Chinese group ZTE will open a service center in Romania

ZTE, one of the biggest worldwide telecom producers, will open a service center in a western town of Romania by the end of September 2014. The center will be tasked with monitoring 23 telecommunications networks in 23 European countries, writes MEDIAFAX.

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