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Articles - companii

Insolvency declined 52 percent in the first 10 months of 2015

The number of companies undergoing insolvency procedures in Romania declined 52 percent in the first 10 months of 2015, but write-offs were up 9 percent, business suspensions 6 percent and dissolutions 41 percent, according to official data with the National Companies Registry Office (ONRC).

MedLife invests EUR 1 mln into Timisoara ‘hyperclinic’

MedLife has opened its second clinic in Timisoara following a EUR 1 million investment, offering 26 medical specializations, HotNews informs.

Success rate of privatizations in Romania, below 25%

The success rate of privatizations in Romania has been below 25% in the last 25 years.

OTP is looking for solutions to consolidate its offices next year

OTP Bank, the local branch of the largest Hungarian financial group, intends to consolidate starting next year its current central departments offices activity, but is not keen to relocate in a sole building. Currently, the bank has five central offices.

Almost half of all companies in Romania, active in the service sector

Over 205,000 firms, or about 42.4% of the total number of companies which were active last year in Romania, were in the service sector, according to the National Statistics Institute (INS).

Poor cash flow and high loan rates among main insolvency reasons in 2015, says Coface

Overdue debt collection, faulty cash flow management, high loan rates and low investment results are among the leading reasons companies in Romania entered the insolvency procedure in 2015, shows a study by Coface.

The lack of human resources keeps the Romanian software industry from developing more rapidly

The main factor that blocks the faster development of the Romanian software industry is the lack of available human resources. This happens because the number of those who graduate technical specializations is too small compared to the market’s demand, according to representatives of the Employers’ Association of the Software and Services Industry (ANIS).

Who is Romania’s entrepreneur of the year in 2015?

Levente Hugo Bara, the owner of the Supremia food ingredients producer, won the EY Romanian Entrepreneur of the Year 2015 award. He will represent Romania in the EY World Entrepreneur of the Year competition that will take place in Monte Carlo, in June 2016.

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