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%).
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
