The number of commercial companies and authorized individuals (PFA) entered insolvency in the first five months of this year was 3,091, up by 10.2% compared to the similar period in 2023, when 2,805 insolvencies were registered, according to the data published on the website of the National Trade Register Office (ONRC).The most companies and PFA that entered insolvency, between January 1 and May 31, 2024, were registered in Bucharest, respectively 574, a decrease of 1.37% compared to the first five months of 2023.By business, the largest number of insolvencies was recorded in wholesale, retail, motor vehicle and motorcycle repair, respectively 826 (plus 6.17% compared to the first five months of 2023), construction - 635 (plus 14.21 %) and in the manufacturing industry - 362 (plus 16.03%).
Marriott International announced plans to expand its presence in Romania with five new hotels and more than 550 additional rooms expected by the end of 2028. The expansion will also mark the debut of two Marriott brands in the country, Residence Inn by Marriott and Four Points by Sheraton, as the company strengthens its portfolio […]
Romania's state-controlled hydropower group Hidroelectrica (BVB: H2O), the largest energy producer in the country, registered a net profit decrease of 56% in the first quarter, dropping from RON 1.32 billion (EUR 258.5 million) to RON 589 million (EUR 115.3 million). Net electricity production was 2,654 GWh, down 38% compared to the same period last year, […]
Timișoara will host the first football-themed film festival in Romania and Eastern Europe this November, marking a unique cultural initiative at the intersection of sport, cinema, and community identity, Agerpres reported. Organized by the Druckeria Supporters’ Association, the inaugural edition of the Timișoara...
The well-being of children in many of the world’s richest countries, including Romania, has deteriorated significantly since the COVID-19 pandemic, according to a new analysis released by UNICEF Innocenti – Global Office of Research and Foresight. The top three countries are the Netherlands, Denmark, and France, while Romania is at number 16 in the report, […]
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
