Companies have been formed in Romania for many reasons. The Trade Registry has endeavoured to clean up the number of dormant or non-trading companies which had been set up in the first flush of a free market economy. In many cases the owners have let these companies die as they had no interest in them
The Business Angel law has now been introduced into the Romanian legal system. Whether it will stimulate investment in new ventures is a question which still has to be answered. It is a step taken by the Government to try and bring new investment into the market. Law no. 120/2015 regarding fiscal facilities granted to
The previous post dealt with contracting with Romanian private companies, and now I want to look at the position in relation to State companies. Despite over 20 years of „capitalism” much of Romanian industry and resources are still in the hands of companies that are either Government owned or Government controlled. Unless your business can
Why the above headline. During a recent trip to London the question of Greece and Ukraine were raised by a number of people on the basis of what was the impact of the problems in Greece and Ukraine on the Romanian economy and business environment. It was an aspect that whilst in relation to Greece we
When I first came to Romania there was very little to purchase in the shops. Goods were in short supply and often of poor quality. There were very few imports. Shops would display articles and then refuse to sell them to you, as they would then have nothing else to display. This actually happened to me