The number of companies undergoing insolvency procedures in Romania declined 52 percent in the first 10 months of 2015, but write-offs were up 9 percent, business suspensions 6 percent and dissolutions 41 percent, according to official data with the National Companies Registry Office (ONRC). Most of the insolvencies, write-offs and dissolutions were reported in retail trade, motor vehicle and motorcycle repairing, at 32,736, up 2.77 percent from the similar period of 2014. Thus, as many as 8,540 companies went insolvent in the first 10 months, down 52.57 pct from the first 10 months of 2014. Retail and wholesale trade companies were the most numerous to follow insolvency procedures, at 2,774, down 43.95 percent from the first 10 months of 2014. Topping the insolvency ranking is Bucharest City, with 1,522 insolvency instances (-49.32 percent), followed by Bihor County, with 461 (-61.52 percent) and Timis County, with 436 (-36.16 percent). As far as write-offs are concerned, 69,640 companies were written off, up 9.16 percent, with Bucharest City also topping the ranking, with 12,097 (+39.93 percent). Retail and wholesale traders were also the most numerous written-off traders, at 4,986, up 8.18 percent from the first 10 months of 2014. As many as 14,278 companies suspended business, with their number up 5.99 percent, while 21,716 companies were dissolved, up 41.53 percent. In the first ten months of 2015, a number of 99,521 traders were registered, up 12.96 percent from the first ten months of 2014, with 26,129 of them as retail traders.
A caravan of 150 cyclists, 90 cars and 25 motorbikes covered 830 km at the Tour of Romania, the most important local cycling competition, organized between 10 and 14 September by the Romanian Cycling Federation, together with the National Agency for Sports and Auchan Romania, the main co-organizing partner. In addition to the elite sports […]
certSIGN, a Romania-based company and leading developer and integrator of cybersecurity and cryptographic solutions, has been awarded, following a competitive international tender process, a framework contract to support the European Union Agency for Cybersecurity (ENISA) in providing cybersecurity services to Romania. certSIGN will lead a consortium including Bit Sentinel and CybrOps to deliver cybersecurity preparedness […]
Pets are now officially welcome inside Cluj-Napoca City Hall, mayor Emil Boc announced on Monday, September 15, describing the move as part of efforts to make the city more modern and empathetic. “Today we are opening the doors of City Hall to our voiceless friends as well. Dear residents, from now on, pets are welcome […]
Romania is currently discussing with Ukraine the possibility of developing joint drone production projects, according to defense minister Ionuț Moșteanu. Drones have been at the forefront of the war between Ukraine and Russia, used by both sides for reconnaissance, surveillance, but also deep strikes in enemy territory. The prevalence of drones on the battlefield and […]
The Băile Govora resort, in southern Romania, will have a new adventure park, with a zip line, alpine coaster, and even off-road bicycle tracks, according to a plan announced on Monday, September 15, by the Băile Govora City Hall. The goal of the investment is to develop leisure tourism in the resort famed for its […]
Romania’s prime minister Ilie Bolojan reportedly opposes the idea of further prolonging the price-capping mechanism introduced in August 2023 and repeatedly extended so far, according to Ziarul Financiar. Ambiguous statements over the weekend indicated an incipient conflict among the ruling coalition’s...
