Business suspensions in Romania in 2024 was 18,716, up 14.58% from the previous year, according to data published by the National Companies Register Office (ONRC).Most of the suspensions were recorded in Bucharest City, 2,252 (up 13.79 from 2023). The capital is followed by the counties of Cluj, with 1,162 suspesnions (plus 9.93%), Iasi - 851 (plus 15.16%), Brasov - 822 (plus 13.85%), Bihor - 800 (plus 19.23%) and Timis725 (plus 22.26%).On the other hand, the fewest suspensions were recorded in the counties of Ialomita - 123 (plus 26.8% compared to the previous year), Covasna - 139 (plus 13.01%), Gorj - 134 (plus 2.29%), Teleorman - 141 (minus 0.7%) and Giurgiu - 143 (plus 48.96%).The largest increases in the number of suspensions were recorded in the counties of Tulcea (plus 62.38%), Dambovita (plus 55.38%) and Giurgiu (plus 48.96%), while decreases occurred only in the counties of Caras-Severin (minus 5.35%), Valcea (minus 4.03%), Satu Mare (minus 0.72%) and Teleorman (minus 0.7%).The highest number of suspensions was recorded in wholesale and retail trade, repair of motor vehicles and motorcycles, 4,390 (plus 12.82% from 2023), in professional, scientific and technical activities - 1,767 suspensions (plus 6.06%) and in construction - 1,688 suspensions (plus 31.46%).In December 2024, 1,963 suspensions were recorded, most of them in Bucharest City (258) and the counties of Cluj (137), Iasi (93), Brasov (86) and Sibiu (75).
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
The government has officially included green belts in its 2025-2028 governing program, marking a significant step forward in the country's environmental policies, the Împreună pentru Centura Verde/Together for the Green Belt civic platform announced, further stressing the need for real progress. Its representatives have been advocating for the national adoption of green belts as a […]
The well-known bookstore chain Cărturești is set to open Romania’s largest bookstore as part of an innovative edutainment concept within the expansive RIVUS project in Cluj-Napoca. The new store, spanning 2,500 square meters over two floors, will combine a broad selection of books in Romanian, Hungarian, and English with stationery, home décor, toys, and gifts, […]
The last 18 km of the A0 southern half-ring, which circles the lower part of Bucharest, were officially opened for traffic on Monday, June 30. Authorities are hopeful that it will lead to less congestion in the city. By opening this lot, drivers will be able to completely avoid Bucharest’s Ring Road, a single-lane-per-direction road […]
