Articles - companies

Insolvencies down by 22.54 pct in the first seven months of 2016 in Romania

Some 5,058 companies have become insolvent in the first seven months of 2016, dropping by 22.54pct against the same period of 2015, a release by the National Trade Register Office (ONRC) informs.

High number of insolvencies caps 2011- 2015 economic growth at 3 pct

Over 5,000 local companies became insolvent in the first seven months of the year, down 22.5% compared to the same period in 2015.

GEM report: 98 pct of the Romanian entrepreneurs use own equity to start a business

The global financial crisis made entrepreneurs more dependent on their own equity, while new financing sources, such as crowdsourcing, become more popular, according to a report of Global Entrepreneurship Monitor (GEM) regarding the financing of new businesses.

British outsourcing company reached 200 employees in its Galati office

British company Euroanswer, specialized in outsourcing services, with two centres in Romania, in Galati and Bucharest, reached 200 employees in Galati, following the recruitment of 80 people in the beginning of this year.

Multinational groups in Romania to be impacted by changes in controlled foreign corporation legislation, says EY

Following the adoption of a new Directive that aims to block the avoidance of taxes inside the European Union, on July 12, multinational groups which are also present in Romania might have to redesign their holdings’ chain, according to professional services firm EY.