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).
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
