Business suspensions in Romania in 2024 was 18,716, up 14.58% from the previous year, according to data published by the National Companies Register Office (ONRC).Most of the suspensions were recorded in Bucharest City, 2,252 (up 13.79 from 2023). The capital is followed by the counties of Cluj, with 1,162 suspesnions (plus 9.93%), Iasi - 851 (plus 15.16%), Brasov - 822 (plus 13.85%), Bihor - 800 (plus 19.23%) and Timis725 (plus 22.26%).On the other hand, the fewest suspensions were recorded in the counties of Ialomita - 123 (plus 26.8% compared to the previous year), Covasna - 139 (plus 13.01%), Gorj - 134 (plus 2.29%), Teleorman - 141 (minus 0.7%) and Giurgiu - 143 (plus 48.96%).The largest increases in the number of suspensions were recorded in the counties of Tulcea (plus 62.38%), Dambovita (plus 55.38%) and Giurgiu (plus 48.96%), while decreases occurred only in the counties of Caras-Severin (minus 5.35%), Valcea (minus 4.03%), Satu Mare (minus 0.72%) and Teleorman (minus 0.7%).The highest number of suspensions was recorded in wholesale and retail trade, repair of motor vehicles and motorcycles, 4,390 (plus 12.82% from 2023), in professional, scientific and technical activities - 1,767 suspensions (plus 6.06%) and in construction - 1,688 suspensions (plus 31.46%).In December 2024, 1,963 suspensions were recorded, most of them in Bucharest City (258) and the counties of Cluj (137), Iasi (93), Brasov (86) and Sibiu (75).
Romanian prosecutors conducted searches on Friday, November 7, at the headquarters of the steel mill Liberty Galați and in several counties, in a case of embezzlement and tax evasion that includes Russian gas giant Gazprom, Economedia.ro reported. Specifically,...
Romania has begun testing the US-supplied Merops anti-drone system as part of wider NATO efforts to strengthen air defenses on the alliance’s eastern flank, defense minister Ionuț Moșteanu told local news channel Digi24. The system, already used in...
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
