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Articles - companii

More than half of big companies in Romania, under imminent insolvency

About 60% of the companies with assets of over EUR 1.5 million are under imminent insolvency risk or in difficulty, said Andrei Cionca, general manager of insolvency firm CITR Group.

Average annual business figure of IT&C sector reaches 2.8 billion Euros

The annual business registered in the IT&C sector in Romania has reached an average of 2.8 billion Euros, but specialists in the field say it could reach 10 billion Euros, said Aurel Sorin Encutescu, the secretary of state in the Ministry of Economy, Trade and Tourism (MECT), at the regional summit on cyber security held at Parliament Palace.

ManpowerGroup study : Romania, among the countries where talent-related problems are worst

Romania is among the countries where talent-related problems are worst, according to a ManpowerGroup study of job occupancy rates.

Over half of Romanian entrepreneurs expect friendlier environment in maximum 10 years

Over half of Romanian entrepreneurs believe Romania will offer a business-friendly environment in maximum ten years, according to a recent EY study. Some 34% believe this will happen in 5-10 years while 21% are even more positive and give a time frame of 3-5 years.

The Parliament adopted the Business Angels Law, which could transform any person with money and tax records to an investor

The law was adopted on 29 of April, being part of the Government strategy for developing an active, incentive and transparent business environment,

French investors: Romania should move from low-cost labor to competitiveness

Romania needs to turn from a cheap labor economy into a competitive economy if it wants to grow and attract new investments, said Eric Faidy, president of the French Chamber of Commerce in Romania.

Xerox opens new customer care center in Bacau

Document management company Xerox announced it will expand the range of services for its European customers with the opening of a new customer care center in Bacau, where it will hire 140 people. This center will target customers in Italy.

Coface: Number of insolvencies halve in Romania

The number of insolvencies decreased by 58% year-on-year in the first quarter of 2015 in Romania.

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