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).
The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
