Instant Factoring survey: Company liquidity, a major issue for Romanian small business owners. Microenterprises had a debt ratio of 73% in 2018

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Microenterprises in Romania have difficulty in maintaining a positive financial status. At an industry level, their debt ratio reached 73%, and the higher impact was on companies with a turnover lower than EUR 50,000, thus reaching 81%. The retail ratio is of 90%, while the most capitalized companies are the…

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Up to 400 UiPath unicorn company facing layoffs

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Some 400 employees of Romanian unicorn UiPath are facing layoffs which would impact business areas which are not aligned to the main focus of the company, an UiPath spokesperson told Romanian website StartupCafe.ro. He thus reacted to information first published in international media that the company is about to fire personnel.
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Up to 400 employees of UiPath unicorn company facing layoffs

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Some 400 employees of Romanian unicorn UiPath are facing layoffs which would impact business areas which are not aligned to the main focus of the company, an UiPath spokesperson told Romanian website StartupCafe.ro. He thus reacted to information first published in international media that the company is about to fire personnel.
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Barna asks DLAF to refer to DNA the documents regarding European grants projects his company was involved in. Dancila denies Barna’s accusations that Antifraud Department is acting on PSD’s political command

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In a message posted on Facebook on Friday, Save Romania Union (USR) Dan Barna asked the Anti-fraud Department (DLAF) to refer to the National Anticorruption Department (DNA) the documents regarding European grants handled by his company. Barna pointed out that the DLAF, “which is today overseen by Toni Grebla, Liviu…

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​Romania Energy Ministry risking destruction of major profit-making energy company through fusion with burdened colossus

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Romania's Energy Ministry is trying to save the Oltenia Energy Complex (CE Oltenia), a colossus facing major financial issues, by pushing for a merger: CE Oltenia to be absorbed by Hidroelectrica, a major energy company with considerable profit. That might mean that the whole Hidroelectrica profit be passed to cover due payments amounting to billions of RON in the name of CE Oltenia, a company which will close within years anyway.
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New case of suspicious resume data in case of a Romanian energy company's top manager

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The manager of major Romanian energy transport company Transgaz has claimed in the official resume published by the company that he holds a diploma for long term oil and gas engineering studies. But the university that manager Ion Sterian indicates in his CV says he attended courses there for a shorter period and he was the recipient of junior engineering diploma.
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