The number of companies undergoing insolvency procedures in Romania declined 52 percent in the first 10 months of 2015, but write-offs were up 9 percent, business suspensions 6 percent and dissolutions 41 percent, according to official data with the National Companies Registry Office (ONRC). Most of the insolvencies, write-offs and dissolutions were reported in retail trade, motor vehicle and motorcycle repairing, at 32,736, up 2.77 percent from the similar period of 2014. Thus, as many as 8,540 companies went insolvent in the first 10 months, down 52.57 pct from the first 10 months of 2014. Retail and wholesale trade companies were the most numerous to follow insolvency procedures, at 2,774, down 43.95 percent from the first 10 months of 2014. Topping the insolvency ranking is Bucharest City, with 1,522 insolvency instances (-49.32 percent), followed by Bihor County, with 461 (-61.52 percent) and Timis County, with 436 (-36.16 percent). As far as write-offs are concerned, 69,640 companies were written off, up 9.16 percent, with Bucharest City also topping the ranking, with 12,097 (+39.93 percent). Retail and wholesale traders were also the most numerous written-off traders, at 4,986, up 8.18 percent from the first 10 months of 2014. As many as 14,278 companies suspended business, with their number up 5.99 percent, while 21,716 companies were dissolved, up 41.53 percent. In the first ten months of 2015, a number of 99,521 traders were registered, up 12.96 percent from the first ten months of 2014, with 26,129 of them as retail traders.
Roughly 45.7% of Romanians believe the country’s May presidential elections were rather unfairly organized, while 50.4% believe they were fair, according to a survey by INSCOP Research. Romania's previous presidential elections, which saw centrist Bucharest mayor Nicusor Dan emerge victorious, saw extreme polarization. Immediately after...
CARFIL Brasov, central Romania, is set to begin production of three types of Romanian military UAVs this year, news agency Agerpres reported. The drones, named Cuda, Sirin, and a marine drone, were unveiled at the Southeast Europe Special Operations Forces Forum 2025 (SEESOF) in Targu Mures, the first international expo-forum dedicated to the special operations forces. ...
The National Meteorological Administration of Romania, or ANM, aims to become a European regional hub for professional training in the field of climate change, according to director general Elena Mateescu. The official noted during “The Future of Agriculture” forum held on Thursday, June 5, that the ANM has already completed the European Agrometeorology Center, which […]
Romania’s Interior Ministry (MAI) and Defense Ministry (MApN) have warned of ongoing disinformation campaigns on social media aimed at manipulating public opinion. The latest wave of false claims includes reports about the imposition of martial law and border closures, seeking to heighten public anxiety over the risk of war. Romanians, whether abroad or within the […]
The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also excise duties, dividend taxes, and the introduction of two income tax rates of 15% and 25%. At the same time, it recommends the reduction or elimination of the health insurance contribution, as well as a change in […]
A new section of the Via Transilvanica trail was officially inaugurated on Thursday, June 5, in Brașov county, connecting 18 localities over more than 170 kilometers from the village of Viscri to the heart of Brașov. Named Terra Borza Teutonica, the newly added stretch highlights the natural beauty and rural heritage of the region and […]
