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Articles - companii

Insolvencies down by half in 2015 but larger companies file for the procedure, says CITR

Over the past year the number of insolvent companies has gone down by half but the impact of these insolvencies on the economy is nevertheless higher as larger companies than before are now filing for the procedure, according to information from insolvency consultancy CITR.

Salaries in IT, still low in Romania compared to Western Europe

The salaries in Romania’s IT sector are still low compared to those in Western Europe, despite the increases recorded in the last year.

EY Romania opens new office in Cluj-Napoca after activity growth in area

EY Romania’s Cluj-Napoca team has moved to a new space in The Office building, which better suits the growing team needs, which has now reached a number of 20, a company statement announces.

Romanian entrepreneurs score profits, multinationals record losses

Multinationals recorded a profit balance (cumulated profits minus cumulated losses) of RON 2.5 billion (EUR 564 million) in Romania, between 2008 and 2014, whereas companies controlled by local entrepreneurs made RON 55 billion (EUR 12.4 billion) in the same period.

Romanian businesses jump up one spot in Deloitte Central Europe Top 500

The largest Romanian companies present in Deloitte Central Europe Top 500 saw a median annual revenue growth of 5.3 percent compared to the regional rate of just 0.3 percent, shows data from the latest Deloitte study.

Romanian entrepreneurs have limited access to financing

Romanian entrepreneurs face challenges such as the shortage of specialized human resources, the lack of strong brands, or the limited access to financing and consulting, according to the US business consultant Dale Richards.

Almost EUR 42 bln in subscribed foreign capital

According to data from the Justice Ministry’s National Trade Registry Office, from January 1990 to 31 July 2015 the value of the registered capital subscribed in commercial companies registered in Romania stood at EUR 44.664 bln or USD 55.7 bln.

95 pct of entrepreneurs are confident in economy’s direction

95 per cent of the entrepreneurs that took part in a Raiffeisen Bank survey are confident in what concerns the economy’s direction, and 88 per cent of them state that their company’s turnover will grow in 2015.

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