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Most vulnerable sectors to insolvency are constructions and pharma

Most vulnerable sectors to insolvency are constructions and pharma

The most vulnerable sectors of the economy as regards insolvency are constructions and pharma due to the delayed payments, but a difficult situation is found in agriculture, stated Alexandra Predeanu, general manager of ICAP Romania.

Almost 70 pct of Romanian startups use personal funds for kickoff

Almost 70 pct of Romanian startups use personal funds for kickoff

Some 69 percent of entrepreneurs used their own funds to start a business in Romania, according to the 2016 Startup Business Barometer study by EY and Impact Hub. These numbers are close to the ones registered in the United States, where 73 percent used their own savings, based on data from the Global Entrepreneurship Monitor 2012 US Report.

Romanian software producer Fortech opens new operational center

Romanian software producer Fortech opens new operational center

Romanian software developer Fortech opened a new operational center in Oradea, in western Romania.

Offshore firms have EUR 1.1 bln capital in Romanian companies

Offshore firms have EUR 1.1 bln capital in Romanian companies

Companies registered in tax havens such as Panama, Seychelles, Netherlands Antilles, British Virgin Islands or Bermuda, control more than 1,200 firms in Romania, in which they have invested over EUR 1.1 billion, according to Romania’s Trade Registry.

CGS opened in Miercurea Ciuc its sixth call center in Romania

CGS opened in Miercurea Ciuc its sixth call center in Romania

American outsourcing company Computer Generated Solutions (CGS) opened a new call-center in Miercurea Ciuc, the sixth in Romania, where mostly Hungarian speaking employees will work, the company announced.

1Q 2016 results: 15 pct. increase in office transactions for medium companies in Bucharest

1Q 2016 results: 15 pct. increase in office transactions for medium companies in Bucharest

The total volume of office transactions for the medium sized companies has increased in Bucharest with 15 pct, compared to the similar period of 2015.

Almost 9 in 10 top CEOs are happy with business in Romania despite poorly rated administration

Almost 9 in 10 top CEOs are happy with business in Romania despite poorly rated administration

Some 88% of the 200 business leaders questioned in an AmCham Romania survey have declared that their investments in Romania were meeting or surpassing expectations, despite the poor perception they had about the public administration.

US IT company opens operational center in Romania’s Cluj-Napoca

US IT company opens operational center in Romania’s Cluj-Napoca

US company 8×8, which provides enterprise solutions for cloud communications, yesterday opened its first operational center in Eastern Europe in Cluj-Napoca.

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