There were 509 companies and sole traders (PFA) that became insolvent in January 2024 in Romania, up 16.74% from January 2023, when 436 insolvencies were reported, according to data published on the website of the National Companies Registry Office (ONRC).Most insolvent companies and sole traders were recorded in Bucharest - 76, down 20.83% from January 2023.Next in the insolvency ranking were the counties of Cluj, with 53 insolvencies (plus 60.61%), Timis - 51 (plus 104%), Bihor - 42 (plus 13.51%) and Ilfov - 34 (plus 21.43%).The fewest insolvencies were recorded in the counties of Covasna - 1 (minus 75%), Mehedinti - 2 (minus 66.67%), Harghita - 2 (as against none in January 2023), Gorj - 2 (same as in January 2023), Calarasi - 2 (+100%), while no insolvency was recorded in Salaj County.By business fields, the highest number of insolvencies was reported in wholesale trade, retail trade, repair of motor vehicles and motorcycles - 135 (plus 1.5% as against January 2023), construction - 104 (plus 15.56%) and the processing industry - 64 (plus 16.36%).
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
Arrivals recorded in tourist accommodation structures in Romania, including apartments and rental rooms, in the first five months totaled 4.49 million people, up 0.8% compared to the same period in 2024, according to data from the National Institute of Statistics. Of the total number of arrivals during this period, Romanian tourists accounted for 80.8% and […]
