The number of insolvent companies and sole traders in Romania decreased by 3.96% in the first nine months of 2023, y-o-y, to 4,578 insolvencies, according to data published on the website of the National Companies Registry (ONRC).Most of the insolvent companies and sole traders were reported in Bucharest (903), up 9.19% from January-September 2022. Next in the insolvency rank are the counties of Bihor, 385 insolvent companies (minus 3.51%) Cluj - 270 (minus 24.16%), Constanta - 217 (plus 16.67%) and Timis - 214 .The fewest insolvencies were recorded in the counties of Botosani - 17 (minus 15%), Harghita - 18 (minus 21.74%) and Covasna - 18 (minus 25.79%).By business fields, the highest number of insolvencies was reported in wholesale, retail, motor vehicle and motorcycle repair, 1,246 (minus 3.41% from the first nine months of 2022), construction - 920 (same as in the same period last year) and in the manufacturing industry - 547 (minus 10.62)In September 2023, 603 insolvencies were recorded, most of them in Bucharest (171) and in the counties of Constanta (32), Prahova (29), Bihor and Cluj (27 each).
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%. The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]
During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
