The number of delisted companies at the national level increased by 10.44% in the first ten months of 2022, compared to the same period last year, up to 58,276 delistings, according to the statistics provided by the National Trade Register Office (ONRC).The most deletions were registered in the city of Bucharest - 9,464 (plus 9.94% compared to January-October 2021) and in the counties of Cluj - 2,755 (plus 22.44%), Constanta - 2,559 (plus 9.83%) and Timisoara - 2,540 (plus 6.01%).At the opposite side of the scale, the fewest deletions were recorded in the counties of Calarasi - 481 (up by 5.25% compared to the first ten months of last year), Ialomita - 482 (plus 16.71%) and Covasna - 486 (plus 10.20%).The most significant increases in the number of deletions were recorded in the counties of Tulcea (plus 30.63%), Botosani (plus 23.25%) and Vaslui (plus 22.67%). During the analyzed period, decreases in the number of registered companies were recorded only in the counties of Caras-Severin (minus 15.48%), Braila (minus 9.43%) and Alba (minus 8.81%).By field of activity, the highest number of deletions was recorded in wholesale and retail trade, motor vehicle and motorcycle repair - 15,812 (plus 8.22% compared to January-October 2021), constructions - 5,302 (plus 8.47 %) and professional, scientific and technical activities - 4,830 (plus 9.1%).In October 2022, 6,315 company deletions were recorded, most in Bucharest (1,041) and in the counties of Ilfov (382), Cluj (342) and Constanta (253).
Chinese bamboo products manufacturer Long Bamboo Technology Group Co., a supplier to Swedish retailer IKEA, has entered the Romanian market to establish a furniture production facility, Profit.ro reported on May 8. The company, headquartered in Hong Kong and with manufacturing...
The Mangalia shipyard in Romania is resuming operations gradually following its entry into insolvency in 2024 after Dutch shipbuilding group Damen withdrew from the joint venture. The shipyard's management has introduced measures to stabilize finances and revive activity, with employee salaries to be paid in phased installments,
The Belgian manufacturer of metal roofing systems Metigla, with a factory in Ceptura, Prahova County, announced a EUR 15 million investment plan in expanding production, automation, and employees. "In 2025, we will consolidate our presence in key markets and gradually expand this model to more European countries. We invest in sustainable products, automation, teams, and […]
Chinese electric vehicle manufacturer BYD officially launched operations in Romania, introducing its full-electric and plug-in hybrid models to the local market, Economica reported on May 8. The move is part of the company’s broader strategy to expand across Europe. BYD’s initial retail presence includes showrooms in...
The local currency kept losing ground on May 9 despite reported interventions by the central bank. The interest rates rose, and the Stock Exchange’s indices resumed the decline on May 9 after a modest gain on the previous day. The development suggests a drain on liquidity from the money market, possibly amid hybrid interventions by […]
Ilie Bolojan, the interim president of Romania, has sent his "warmest congratulations" to Pope Leo XIV in a message posted on X. "Warmest congratulations to His Holiness Pope Leo XIV upon the election to the Chair of Saint Peter. May he have a long reign and guide the faithful all over the world with wisdom […]
