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%).
A new survey conducted between the two rounds of Romania’s presidential elections shows that trust in democratic institutions is at a historic low, despite continued civic participation. The “Unfinished Democracy” poll, carried out by AtlasIntel in partnership with the Eidos Foundation and Politică la Minut, reveals widespread dissatisfaction with how democracy functions in Romania. Only […]
Constanța’s historic Casino will reopen to the public between May 21 and 25 as part of the Constanța Days events. The building, which has undergone extensive restoration in recent years, will be accessible to visitors for the first time since the start of renovation works. Constanța City Hall announced a special program for the occasion, […]
Real estate investor-developer Hagag Development Europe said it is entering the hospitality market in Romania with its first hotel project in Bucharest, developed in partnership with Radisson Hotel Group. The future hotel, Radisson RED Bucharest Old Town, will be the first Radisson RED in the country. The project involves a EUR 13 million investment and […]
The prosecutors investigating the theft of the Dacian gold treasure from the Drents museum in Assen, Netherlands, believe that the items were not melted down but hidden by the arrestees. The Dutch Public Prosecutor's...
NAGA, the Frankfurt Stock Exchange-listed fintech active in over 100 countries, launches NAGA Earn, a new service aimed at investors looking to earn a return on idle cash sitting in trading accounts. With NAGA Earn, users receive a benefit similar to interest, applied directly to the available cash balance of their euro trading accounts, with […]
Update: Andrei Muraru, the Romanian ambassador to the United States, has responded to the statements made by George Simion, the AUR presidential candidate, who thanked the US for not including Romania in the Visa Waiver Program. He said that Simion’s remarks reflect a blatant disregard for Romania’s national interest and the rights of Romanian citizens, adding that […]
