Articles - business environment

Larger companies threatened by insolvency in Romania

A study by CITR shows that over 50 percent of companies of impact in the Romanian economy (having assets exceeding EUR 1 million) are in difficulty. Although the number of insolvency cases has declined in the past three years, over 50 percent of companies falling into insolvency reported a double loss and an increase in indebtedness in 2015 over 2014.

Romania, among biggest markets in region on non-performing loan deals, says Deloitte

Romania is among the regional champions in Central and Eastern Europe on deals involving non-performing loans (NLPs), according to a new report by professional services firm Deloitte.

Iasi attracts large employers in IT and BPO, despite slower development in the region

The country managing partner of EY Romania, Bogdan Ion, says the business community in Iasi region is more cautious when talking about expansion due to some structural issues in this area.

S&P affirms Romania at 'BBB minus', with stable outlook

Standard & Poor’s Ratings Services on April 8 affirmed its ‘BBB-/A-3′ long- and short-term foreign and local currency sovereign credit ratings on Romania, with a stable outlook, the rating agency said in a statement.

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.