A total of 47,854 companies were struck off the register nationwide in the first nine months of 2023, 7.9% fewer than in the same period last year, according to statistics from the National Trade Register Office (ONRC).The highest number of companies that suspended their activity in the mentioned interval were from Bucharest municipality - 7,900, down 6.21% compared to January-September 2022.By activity sectors, the highest number of dissolved companies was recorded in wholesale and retail trade, repair of motor vehicles and motorcycles - 12,109 (minus 14.02%, compared to January - September 2022), professional, scientific and technical activities - 4,178 (minus 3.47%), construction - 3,759 (minus 20.19%) and agriculture, forestry and fishing - 3,583 (+3.92%).In September 2023, there were 4,860 firm dissolutions, most of them in Bucharest (926) and in the counties of Cluj (268), Constanta (202) and Timis (200).
The City Hall of Timișoara, in western Romania, has approved the Zonal Urban Plan (PUZ) for the redevelopment of the former abattoir, paving the way for a large-scale transformation of the nearly five-hectare industrial site. The project, led by Țiriac Imobiliare through its subsidiary Goldale Real Estate SRL, will preserve the historical buildings while repurposing […]
Managing procurement within an organization can be challenging: large budgets, approval requests, complex processes, and endless administrative work that is difficult to control. Digitalizing procurement processes can radically transform this landscape. Matricia Solutions has implemented procurement projects for one of the largest...
Acting president Ilie Bolojan running for a full term is becoming an increasingly plausible scenario after one of the candidates, the one who won the second largest number of votes after isolationist Calin Georgescu in November 2024, said she would step down in his favor. The leader of the reformist opposition party USR, Elena Lasconi, […]
Vista Bank, which has been owned since 2018 by the Vardinogiannis Group of Greece, one of the largest industrial conglomerates in Southeastern Europe, announced the acquisition of Alpha Leasing Romania from Alpha Bank and Alpha International Holdings. Alpha Leasing also owns 100% of Alpha Insurance Brokerage Romania. The transaction, subject to regulatory approval, is expected […]
Romania's chemical group Chimcomplex (BVB: CRC) reported nearly RON 1.5 billion (EUR 300 million) turnover (+7% y/y) and remained in the black with a net profit of RON 3.5 million (-77% y/y) – quite a performance that put it in the select club of 18% European chemistry companies that avoided losses in the difficult year […]
Local entrepreneur Mihaela Neagu, who in 2022, through the investment vehicle Best Achiziții, took over the ailing sugar factory Bod in Brasov county (central Romania), reportedly failed to restore operations at the facility and will use the land for a real estate project instead, according to
