The number of companies that suspended their activity in the first three months of 2024 was 6,014, an increase of over 33% compared to the same period of last year, according to data published by the National Trade Registry Office (ONRC).The most companies that suspended their activity were from Bucharest, respectively 772 (a number increasing by 26.44% compared to January-March 2023).By field of activity, the largest number of suspensions was recorded in wholesale and retail trade, repair of motor vehicles and motorcycles, respectively 1,405 (plus 20.09%), in professional, scientific and technical activities - 625 suspensions (plus 36, 17%) and construction - 566 suspensions (plus 62.64%).
According to a study conducted by Raiffeisen Bank Romania in collaboration with Appinio, a global market research company, 3 in 10 Romanians feel Blue Monday as one of the most challenging days of the year. The main causes of emotional discomfort are cold weather, excessive holiday spending, and accumulated fatigue. Five out of ten Romanians […]
Former prime minister Victor Ponta, still a member of the Social Democratic Party (PSD) and an adviser to PM Marcel Ciolacu despite his pro-sovereignist statements, confirmed that he does not rule out entering this year's presidential race. He said, "I have no one to vote for," and indicated that the current ruling coalition has no […]
Romania’s gross domestic product (GDP) per capita, adjusted for purchasing power parity (PPP), reached 78% of the European Union average in 2023 (74% in 2022), according to data from the statistics office INS confirmed by Eurostat. Poland and Hungary followed closely, both at 77% of the EU average. The lowest GDP per capita relative to the EU average […]
Romania’s economy will accelerate to a 1.8% growth rate in 2025 and 2.5% in 2026, according to the forecast issued by UniCredit for the region. The strongest growth rate this year is expected in Serbia (over 4% y/y), with Slovakia (+1.6%) marking the weakest performance. Wages will continue to grow in the region, outpacing inflation and […]
The volume of natural gas used by Romania in the first eleven months of 2024 decreased by 2.7% y/y to 8.6 million tonnes of oil equivalent (toe) while its production edged up by 1% y/y to 6.9 million toe, according to data published by the statistics office INS. Imports of natural gas thus decreased by […]
The detergent and cleaning products manufacturer Sano, owned by the family of Israeli businessman of Romanian origin Bruno Landsberg, is preparing to develop a new logistics center near its factory in the western part of Bucharest (Pantelimon), for the storage of hygiene products, according to documents consulted by
