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Articles - companies

Number of insolvencies drops 20.65 percent in first eight months

A number of 5,455 companies entered insolvency in the first eight months of this year, decreasing by 20.65 percent compared to the same period of 2015, the National Trade Register Office (ONRC) data reveal.

Atos opens new cyber-security expertise center in Timisoara

IT services provider Atos announced the opening of a new cyber-security expertise center in Timisoara, in line with expanding its local and global presence in order to answer growing customer demand.

Romania posts highest EU y/y increase of hourly labor costs in Q2

While the hourly labor costs in the euro and the EU28 rose by 1 percent and 1.4 percent respectively in the second quarter of this year, compared to the same period of last year, in Romania the costs rose by 12 percent, according to Eurostat, the statistics office of the European Union.

Net average earnings go over EUR 500 in Bucharest and three counties

The net average earnings exceeded RON 2,200 (around EUR 500) only in Bucharest and the Ilfov, Cluj, and Timis counties in June.

Blue Point opens its first call center in Slobozia

Blue Point, one of the most important Romanian companies of call center services, has opened in Slobozia its first operating center in the province. The expansion outside the capital is a part of the territorial development strategy of the company and comes on the diversify services offered, increasing the number of customers and their requests.

TPA Romania to open a new office in Cluj-Napoca

Starting September, the TPA Group will be expanding its operations in Romania by opening a new office in Cluj-Napoca city. By integrating the Cluj-based firm, now rebranded as TPA Transilvania, the professional services firm is broadening its national reach by adding a regional office and 22 professionals to its team. Sorana Cernea, founding partner of IAS Expert, will be the partner in charge of the TPA Transilvania office.

A start-up in Romania needs 12,500 dollars, more than in Poland, Bulgaria or Hungary

In Romania, an entrepreneur needs an average of nearly 12,500 dollars in order to start a business, more than in Poland, Sweden, Bulgaria, Croatia or Hungary, but less than in Germany, Italy or Norway, shows the Global Entrepreneurship Monitor (GEM), which considered 60 countries for the report.

Insolvencies down by 22.54 pct in the first seven months of 2016 in Romania

Some 5,058 companies have become insolvent in the first seven months of 2016, dropping by 22.54pct against the same period of 2015, a release by the National Trade Register Office (ONRC) informs.

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