The number of the companies and authorised natural persons (PFA) that went into insolvency last year was 6,650, up by only 0.02% against 2022, when there were 6,649 insolvencies registered, according to the data published on the site of the National Trade Registry Office (ONRC).Most companies and authorised natural persons getting into insolvency were registered in Bucharest, namely 1,289, up by 11.8% against the period January – December 2022. Next were the counties of Bihor with 599 insolvencies (+9.91%), Cluj- 391 (-18.03%), Timis -327 (+16.79%) and Constanta -310 (+25%).The fewest insolvencies were registered in Covasna county – 21 (-27.59%), Harghita – 32 (+10.34%), Mehedinti – 37 (-21.28%) and Botosani- 38 (+46.15%).Only in December 2023 were registered 569 insolvencies, most in Bucharest, namely 102.By industry, the highest number of insolvencies was recorded in wholesale, retail trade, motor vehicle and motorcycle repair - 1,781 (minus 2.46% compared to January-December 2022), construction - 1,322 (plus 2.96%) and manufacturing - 795 (minus 6.25%).
Radisson Blu Hotel, Bucharest, Romania’s largest five-star hospitality complex and a flagship property within the Radisson Hotels portfolio, has been recognized with multiple international and national awards, underscoring its continued commitment to excellence, innovation, and guest satisfaction. At the 32nd Annual World Travel Awards – Europe Gala Ceremony, held in Sardinia, Italy, Radisson Blu Hotel, […]
The public is invited to discover a spectacular festive concept inspired by the charm of the Victorian era Corinthia Grand Hotel du Boulevard will officially start the winter holiday season, lighting up Bucharest’s first Christmas decorations on 24 November at 7:00 PM, symbolically marking the opening scene of the city’s festive celebrations. The hotel transforms into […]
The office building of the former tire manufacturer Banloc-Goodrich in central Bucharest will be demolished for the construction of the Holocaust Museum, Profit.ro reported. The investment, valued at EUR 54.2 million, is partly covered by the EU-backed Recovery and Resilience...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up […]
Famed Romanian composer Horia Moculescu died on Wednesday, November 12, at the age of 88. The composer, pianist, and performer was born on March 18, 1937, in Râmnicu-Vâlcea. At the age of six, he learned to play the accordion. He attended secondary school in Turda at the Boys’ High School (now the “Mihai Viteazul” National […]
Romanians shift priorities: Health, Culture, and Hobbies take the lead, while Fashion and Home&Deco lose ground to low-cost non-EU commerce Black Friday 2025 marks a turning point for Romanian eCommerce. After two years of stagnation, the day recorded a +10% increase in the number of transactions, while the overall campaign week saw a +20% rise […]
