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.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
