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).
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
