The number of new registrations of individuals and legal entities doing business in Romania was 10.89 percent down over January - May 2024 from the same period of the previous year, to 58,876, of which 43,251 (73.46 percent) were limited liabilities, and 13,229 (22.47 percent) were self-employed, shows data centralized by the National Trade Register Office (ONRC).Most registrations were in Bucharest - 13,532 (up 2.98 percent from the year-ago period), and in the counties of Ilfov - 3,378 (-1.86 pct ), Cluj - 3,020 (-16.30 pct), Timis - 2,666 (-11.16 pct), and Brasov - 2,149 (-4.32 pct).The lowest number of registrations over the first five months of the year occurred in the counties of Covasna - 288 (-28.71 percent year-over-year), Tulcea - 377 (-18.22 pct), Ialomita - 393 (-9.66 pct) and Caras-Severin - 401 (-21.22 pct).The business areas with most registrations are wholesale and retail trade; repair of motor vehicles and motorcycles - 11,581 (-5.51 pct), transportation and storage - 7,255 (+4.81 pct), and construction - 5,881 (-12.33 pct).
Showpad, active in AI-driven revenue enablement technology, announced the official launch of its Research and Development center in Bucharest. With headquarters in Ghent (Belgium) and Chicago (US), Showpad is "strategically positioning its new R&D center to tap into the rich talent pool and burgeoning technology ecosystem of Romania." It also underscores Showpad's dedication to accelerating […]
Romania is currently preparing state aid schemes for companies affected by the customs tariffs announced by president Donald Trump on Wednesday, April 2, according to statements made by prime minister Marcel Ciolacu. The US imposed tariffs on all countries worldwide, with a "minimum base tariff" of 10%, starting April 5. However, for some countries, the […]
Impact Hub Bucharest, in partnership with EIT Food, has opened the applications for Empowering Women in Agrifood (EWA), an EIT Food acceleration program dedicated to female entrepreneurs and their projects in the agri-food sector. Ten female entrepreneurs from the agri-food sector will benefit from mentoring, training sessions and ongoing support, access to an international community […]
The United States Embassy in Bucharest has announced an update to visa requirements for Romanian citizens wishing to travel to the US, following president Donald Trump's decision to suspend Romania's entry into the Visa Waiver Program. According to the announcement, starting April 7, 2025, all temporary visa applicants must present a printed copy of the […]
Real estate developer Speedwell Development has appointed Yannick Van de Parre as country manager for Romania. In this new role, he will support the co-founders Jan Demeyere and Didier Balcaen with the executive management of Speedwell Romania, “ensuring operational efficiency across all projects and leading the local team as the company continues its growth in […]
Digital Nation and the Ministry of Education and Research have partnered for the implementation of Saro, an AI-based solution, in schools and universities across Romania. The solution will allow students, pupils, and teachers access to an AI-powered assistant designed to address challenges such as school dropout, excessive bureaucracy, declining motivation, the need for personalized learning, […]
