The number of companies and self-employed persons (PFAs) going insolvent in the first seven months of 2023 was 5.44 percent down from the year-ago period, at 3,718, according to data published on the website of the National Trade Register Office (ONRC).Most insolvent companies and PFAs were reported in Bucharest City, at 729, up 9.95 percent from January - July 2022. Next in the insolvency ranking are the counties of Bihor - with 315 insolvencies (-5.97 pct), Cluj - 195 (-31.34 pct), Constanta - 180 (+20.81 pct), and Timis - 177 (-4.32 pct).The fewest insolvencies were recorded in the counties of Botosani - 11 (-45 pct), Covasna - 14 (-22.22 pct), and Harghita - 15 (-16.67 pct).By business activity, the largest number of insolvencies during the reporting period was in wholesale and retail trade; repair of motor vehicles and motorcycles, specifically 1,036 (+0.88 pct); constructions - 735 (-3.92 pct); and in the manufacturing industry - 426 (-16.14 pct).
Romania’s state-owned enterprises (SOEs) generated revenues of RON 127 billion (EUR 26 billion, no reference year indicated), but continue to receive state subsidies larger than their aggregated profits, deputy prime minister Dragoș Anastasiu said during a press conference on July 22. The figures were released as part of the government’s broader reform plan to overhaul […]
Romania’s deputy prime minister Dragoș Anastasiu presented detailed provisions of the government’s forthcoming corporate governance reform for state-owned enterprises (SOEs) in a statement on July 22, outlining measures aimed at restructuring management boards, capping remuneration, and improving accountability. Anastasiu confirmed that the reforms will apply to both company executives and non-executive board members, and are […]
Romanian prime minister Ilie Bolojan and deputy PM Dragos Anastatsiu, as head of the working group, announced in a press conference on July 22 the plans for streamlining the corporate governance in state owned enterprises (SOE) – one of the two packages of reforms (besides the local administration reforms) expected to be delivered in an […]
Romania launched a major tourism promotion campaign in Doha, the capital of Qatar, this week. Organized by the Ministry of Economy, Digitalization, Entrepreneurship and Tourism (MEDAT), the campaign runs from July 21 to 27 and showcases Romania on some of the most visible digital billboards in the city. The initiative features promotional video clips about […]
Romanian president Nicușor Dan has raised alarm over the growing nostalgia for communism revealed in a recent national survey. The study, conducted by INSCOP in collaboration with the Institute for the Investigation of Communist Crimes (IICMER), found that a majority of Romanians now view former dictator Nicolae Ceaușescu as a good leader. According...
JUNE agency becomes the communication partner for Generatik, the digital platform for planning mall advertising campaigns, launched by Brand Management. The partnership between the two teams is not only about visibility, but also about the responsibility of bringing to the forefront a product that redefines the way brands plan their presence in shopping malls. Together, […]
