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Articles - mediul de afaceri

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.

Foreign direct investments in Romania, up by 60%

The value of foreign direct investments (FDI) in Romania reached EUR 2 billion in the first seven months of the year, up by 60% year-on-year, said Alexandru Nastase, state secretary in the Department for Foreign Investments and Public-Private Partnership.

Bucharest, lowest prices among 71 cities worldwide

Bucharest ranks 69th among 71 cities in a top based on the price level, except for rents.

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.

Romania, second largest increase in labor costs in the EU

Latvia, Romania, and Bulgaria registered the largest increases in labor costs among the EU member states in the second quarter of 2015 compared to the same period last year.

Study: Firms in Romania have the most optimistic provision about employment in Q4

One out of four employers in Romania intends to attract personnel in the company in the last quarter of the year, Romanian employers reporting a net employment provision of +16%, the most optimistic of 25 countries and the best since Q4 2008 to the present, a Manpower study shows.

Romania to reach Germany’s hourly salary in 30 years

The hourly cost per employee amounts to EUR 4.6 in Romania, compared to an hourly cost of EUR 31.4 in Germany. It will take at least 30 years for a Romanian employee to reach the current salary level of an employee in Germany, according to Ziarul Financiar’s estimations based on the average salary growth in Romania over the past 15 years.

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