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).
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
