The number of commercial companies and authorized individuals (PFA) that have become insolvent in the first six months of this year was 3,684, up 8.32% compared to the similar period in 2023, when 3,401 insolvencies were registered, according to data published on the website of the National Companies Registry (ONRC).Most of the firms and PFAs that went into insolvency between January 1 and June 30, 2024, were registered in Bucharest, respectively 683, a number down by 2.43% compared to the first six months of 2023.Bihor county, with 309 insolvencies (plus 17.49%), Cluj - 266 (plus 37.82%), Timis - 195 (plus 27.45%), Iasi - 158 (plus 5.33%) and Ilfov - 141 (plus 17.5%).The fewest insolvencies were recorded in Harghita - 12 (minus 20%), Mehedinti - 15 (minus 28.57%), Vaslui - 14 (minus 36.36%) and Covasna - 19 (plus 46.15%).By sector of activity, the highest number of insolvencies was registered in wholesale trade, retail, repair of motor vehicles and motorcycles - 933 (plus 1.57% compared to the first six months of 2023), construction - 761 (plus 12.08%) and manufacturing - 432 (plus 12.21%).In June 2024, there were 593 insolvencies, most in Bucharest (109), Bihor (52), Cluj (51) and Prahova (33).
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
Several Israeli citizens got into a fight on a plane flying from Israel to Bucharest on Monday, September 15. Upon landing, Romanian police issued several fines. The scandal reportedly broke out for religious reasons. The argument involved roughly 30 passengers of the flight from Tel Aviv to Bucharest. At one point, seven passengers started to […]
