Business dissolutions over January - September 2021 were 15.31 pct up from the year-ago period, standing at 22,100 compared to 19,165 in 2020, shows data centralized by the National Trade Register Office (ONRC).Bucharest tops the list with most company dissolutions - 4,012 (up 11.17 pct), followed by the counties of Constanta - 1,099 (+16.79 pct), Timis - 989 (-2.66 pct) and Iasi - 972 (+39.06 pct). The counties with the least number of dissolutions are Covasna - with 128 (+3.23 pct), Mehedinti - 132 (+8.20 pct) and Vaslui - 147 (+12.21).The activity sectors with most company dissolutions in the reporting period were wholesale & retail trade, and the repair of motor vehicles and motorcycles, with 6,739 business shutdowns nationwide, 20.99 percent higher YoY.Professional, scientific and technical activities, as well as construction, are other business fields where a large number of business dissolutions were reported: 2,083 (+13.83 pct), and 2,092 (+10.75 pct), respectively.As many as 2,794 dissolutions were recorded this September, most of them in Bucharest (423) and the counties of Constanta (152), Cluj (125), and Arges (121).
Romania aims to add 2,500 MW of new capacity to its energy system by 2025, through investments in new energy-producing facilities and other projects co-financed with European funds. The government is eyeing facilities at Iernut, Mintia, Răstoliţa, and Năvodari for investment. “Energy is the heart of the economy. Without reliable and cheap energy, there is […]
The European Court of Human Rights ruled on Tuesday, January 7, that the Romanian state must return 17,000 hectares of land to the Borșa Landowners’ Association within 12 months of the decision becoming final. The claimants in the case are 53 Romanian citizens whose land was confiscated by the communist regime. The Court found a […]
Dacia Sandero will most likely be the best-selling car in Europe in 2024, according to preliminary data covering 97% of sales in the EU, European Free Trade Association countries, and United Kingdom. Looking at the provisional rankings, the Sandero leads the Top 10 with 247,210 units sold in the first 11 months of 2024, followed […]
NATO’s Exercise Steadfast Dart 25 is set to bring thousands of soldiers to the alliance’s eastern flank countries like Romania and Bulgaria, with the UK contributing a sizable force to the military show of strength. The exercise, taking place throughout January and February 2025 and reuniting forces from 10 NATO countries, is meant to practice […]
The first fixed speed detection devices have been installed on Romania’s A1 and A2 highways and the national road DN2 in Vrancea County as part of the e-SIGUR system. The offending drivers will have fines sent to their homes. The e-SIGUR system will monitor the main roads in Romania, aiming at higher degrees of safety. […]
A Hilton Garden Inn hotel is scheduled to open in Craiova, in southern Romania, in 2026, after local company Restaurant President signed a franchise agreement with international hotel group Hilton. The hotel will have 179 rooms, a restaurant, a fitness center, and several conference rooms, the local company announced. "Addressing both business tourists and those […]
