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%).
Romania and Serbia Take an Important Step Toward Closer Energy Cooperation Romanian Prime Minister Ilie Bolojan met today at Victoria Palace with Dubravka Đedović Handanović, Serbia’s Minister of Mining and Energy, to discuss bilateral cooperation in the energy sector and opportunities to develop joint projects aimed at strengthening the energy...
The Armenian Street Festival (Festivalul Strada Armenească) will return to Bucharest's Botanical Garden from July 31 to August 2, celebrating its 10th edition with concerts, exhibitions, workshops, traditional crafts, and Armenian cuisine. Admission to the festival is free, while visitors will need to purchase a standard Botanical Garden entrance ticket. Organized by the Union of […]
An aviation show and a music event raising funds for a Bucharest hospital are on the agenda in the capital. Electric Castle brings The Cure and
The Sky Comes Closer to the Public: Aviation Photography Exhibition at ParkLake Shopping Center Bucharest Celebrates Romanian Aviation and Air Force Day On the occasion of Romanian Aviation and Air Force Day, the We Love Aviation Association (Asociația Iubim Aviația) is organizing, for the second consecutive year, the photography exhibition...
Ministry of Finance Officials Discuss Fiscal Consolidation Progress and Romania’s Economic Outlook with Fitch Ratings Representatives of Romania’s Ministry of Finance took part today, 14 July 2026, in technical discussions with specialists from Fitch Ratings as part of the agency’s sovereign credit rating review process for Romania. The meeting was......
Roxana Mînzatu Announces Funding for Six Pilot Projects Under the Future European Workers’ Skills Guarantee. Romania Involved in Two Initiatives European Commission Executive Vice-President Roxana Mînzatu has announced the approval of funding for six pilot projects that will lay the foundation for the future European Workers’ Skills Guarantee, a new......
