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.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
