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.
Almost 60% of the jobs posted this year in Romania required knowledge of at least one foreign language, as indicated in the job announcement. English, German, and French are the most in demand. Out of the 112,000 available jobs since the beginning of the year, 64,000 included in the ad that knowledge of a foreign […]
Let's be realistic, PowerPoint slides and PDF slides aren't necessarily crowd-pleasers. Whether you're a startup entrepreneur pitching to venture capitalists, a teacher preparing lectures, or a corporate educator attempting to keep the audience awake after lunch, your static slides just aren't working anymore. In the visual-first world we live in today, audiences are hungry for […]
TotalSoft, a leading provider of digital business solutions in Central and Eastern Europe, has successfully delivered two major transformation projects for Deutsche Leasing Group: a full-scale upgrade of the Charisma ERP platform and the rollout of enhanced insurance capabilities. Executed simultaneously across more than 20 countries, the projects mark a significant leap forward in Deutsche […]
Romania’s Defense Ministry is set to purchase armored vehicles from a Spanish company through the state-owned enterprise Romtehnica, which typically handles external defense contracts, Profit.ro reported. The Romanian company reportedly signed a contract with the...
On June 5, World Environment Day, the Văcărești Natural Park Association (APNV) launched a new thematic trail in Bucharest’s Tineretului Park, celebrating urban biodiversity. The trail, located along the banks surrounding Tineretului Island, invites visitors to explore the rich natural life hidden within the heart of the city. The route features eight informational panels covering […]
Polish company Scallier announced the completion and official opening of another FunShop Park in Romania. The new facility, offering 10,000 sqm of GLA, was launched in the northern part of the city of Ploiești. The complex features a standalone Lidl supermarket with 2,300 sqm of retail space, as well as a shopping center with separate […]
