65,458 companies were set up in the first 7 months of 2021, of which 4,545 entered insolvency and 26,034 were unregistered, according to an analysis made by Termene.ro. “In the first 7 months of 2021, 65,458 companies were set up, 4,545 entered insolvency and 26,034 were unregistered. Most companies recently set up are in the Bucharest-Ilfov area (17,627 companies), followed by North West with 8,993 companies and North-East with 7,349,”according to a Termene.ro analysis. Companies which do business by means of order houses or by internet rank first in Bucharest-Ilfov. Most of insolvent companies are in North-Western area of the country, with construction firms in the insolvency top, followed by transport companies and bars. At a difference of only 6 firms, Bucharest Ilfov ranks second in the insolvency top, with 1,032 companies in insolvency. That is why 76are construction companies and 38 make retail trade in non specialized stores. 6,564 companies were unrecorded, of which 110 are construction firms, followed by those that have retail trade by means of order homes or the Internet - 109 and companies that offer consulting for business and management -99. Of the 26,034 unrecorded companies in the first 7 months of 2021, about 70% were older than 5 years, 12% had between 3 and 5 years, 13.51% had between 1 and 3 years and only 5.36% were between 0 and 1 year old. At the level of the whole country, construction firms rank first in the top of newly set up firms – 5,277 companies set up until July 2021. Transport companies (4,040) rank second , while retail companies by means of order houses or the Internet (3,769) rank third. Construction firms are also first in the insolvency top in the country, followed by transport companies and retail companies selling mostly food, beverages and tobacco. Termene.ro is a company set up in 2014, meant to allow companies to identify business opportunities and correctly evaluate risks for more prosperous business. Over 70,000 companies have access to a platform offering updated data on the financial and juridical data of companies in Romania.
Construction and real estate development company Novarion has announced its intention to list on the AeRO market of the Bucharest Stock Exchange by the end of the year or at the beginning of next year. Listing will take place following a EUR 70,000 grant obtained through the EU-backed National Recovery and Resilience Plan, or PNRR. […]
“The Robot Cellist,” the visionary project of international artist Fredrik Gran, will perform during GoTech World 2025, the largest IT and digital solutions expo-conference for the business environment in Central and Eastern Europe. Created by Swedish composer Fredrik Gran, “The Robot Cellist” reinterprets the cello through technology, blending tradition with innovation. It has already appeared […]
Romania is 7th in a ranking of the fastest Wi-Fi connections available onboard trains in 18 countries in Europe and Asia, according to an analysis by internet speed testing service Ookla. With a median download speed of 12.46 Mbps, Romania offers Wi-Fi more than twice as fast as Italy (4.78 Mbps) and Poland (4.72 Mbps), […]
Bucharest’s Botanical Garden will once again be illuminated this fall as the “Garden of Lights – Small World” exhibition opens to the public on October 24. The nighttime event will feature thousands of light installations, colorful lanterns, multimedia projections, and interactive displays inspired by landmarks and cultures from around the world. Visitors will embark on […]
The Metropolis Foundation announced the start of construction works on Romania’s largest pediatric psychiatry hospital, a project valued at over EUR 16.5 million. The new facility will be built within Bucharest’s “Prof. Dr. Alexandru Obregia” Psychiatric Hospital. The 3,900 sqm building will include modern wards, medical offices, occupational and virtual reality therapy rooms, sensory and […]
Global enterprise AI agent platform Wonderful announced on Monday, October 13, that it entered the Romanian market and appointed Lucia Stoicescu as Country Manager. Founded in early 2025 by Bar Winkler (CEO) and Roey Lalazar (CTO), Wonderful provides an integrated agent platform allowing enterprises to build, manage, and monitor AI agents serving customers. Winkler previously […]
