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Retailer Metro transfers software development to Romania

German retailer Metro has moved in two years the software developments operations from Germany to Romania. Metro System Romania, the group’s IT division, has taken over the whole activity.

Over 19,000 companies set up by students in 2014

The number of companies set up by students in line with the provisions of Government Ordinance 166/2003 (on the offering of fiscal facilities to students that want to set up their own businesses) stood at 19,240 in 2014, 2.04 per cent higher year-on-year, the National Commerce Registry Office (ONRC) shows.

Four sectors in Romania, including real estate, most prone to insolvency risk

Companies in the pharma, transport, constructions and real estate sectors are most prone to insolvency this year.

Residential building permits down by 0.3% in Romania

The number of residential building permits went down by 0.3% last year, reaching 37,672.

The government’s objective this year is to cut the VAT starting 2016, says PM

The government’s objective this year is to cut the VAT for all products starting January 2016, said PM Victor Ponta on Wednesday according to Mediafax.

Over 17,000 SRL-D companies currently active at national level

Over 17,000 SRL-D companies (microenterprises belonging to debutant entrepreneurs) are currently active at national level. This means that their number grew by 6,000 companies year-on-year, Florin Jianu, President of the Young Romanian Entrepreneurs (PTIR), stated on Tuesday.

JLL appoints business development director

Viorel Opait has been appointed business development director with the local office of real estate services firm JLL. He will be focusing mostly on the office and industrial segments.

Qatar Embassy in Bucharest to relocate to new premises

The Embassy of Qatar in Bucharest relocated in Aviatorilor area, in the vicinity of Foreign Affairs Ministry, according to DTZ Echinox, the company which brokered the transaction.

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