The number of insolvent companies and sole traders in Romania decreased by 3.96% in the first nine months of 2023, y-o-y, to 4,578 insolvencies, according to data published on the website of the National Companies Registry (ONRC).Most of the insolvent companies and sole traders were reported in Bucharest (903), up 9.19% from January-September 2022. Next in the insolvency rank are the counties of Bihor, 385 insolvent companies (minus 3.51%) Cluj - 270 (minus 24.16%), Constanta - 217 (plus 16.67%) and Timis - 214 .The fewest insolvencies were recorded in the counties of Botosani - 17 (minus 15%), Harghita - 18 (minus 21.74%) and Covasna - 18 (minus 25.79%).By business fields, the highest number of insolvencies was reported in wholesale, retail, motor vehicle and motorcycle repair, 1,246 (minus 3.41% from the first nine months of 2022), construction - 920 (same as in the same period last year) and in the manufacturing industry - 547 (minus 10.62)In September 2023, 603 insolvencies were recorded, most of them in Bucharest (171) and in the counties of Constanta (32), Prahova (29), Bihor and Cluj (27 each).
Stadio Hospitality Concepts (SHC), one of the most relevant and forward-thinking players in Romania’s hospitality industry, has undergone a remarkable evolution in recent years, expanding its portfolio, refining its concepts, and continuously enhancing the guest experience across all its venues With each new opening or reinvention, SHC has strengthened its position as a trendsetter. Guests […]
Romanian president Nicușor Dan called for firm security guarantees for Ukraine and the immediate return of children abducted during the war, stressing that both are vital to a just and lasting peace. In a message after European Council and Coalition of the Willing videoconferences on Tuesday, August 19, which followed high-level talks in Washington, Dan […]
The medieval fortress of Orăștie, in western Romania, was reopened on Monday, August 18, to the general public, after several years in which it underwent a process of conservation and restoration. The fortress, located in Hunedoara County, is now part of the local tourist attractions in the Mureș Valley. “We are inaugurating an important project […]
The famous Babele Cabin, located at an altitude of 2,206 meters on the Bucegi plateau near the Sphinx and Babele formations, was put up for sale for EUR 1.6 million. Built in 1970, the building is in an advanced state of degradation and requires renovation. It has a total of 20 rooms and over 1,760 […]
One of Bucharest’s most popular summer events is back as Cinema în Aer Liber kicks off its 2025 edition on the Insula Artelor in Titan Park. Running from August 19 to September 14, the festival will transform the island into an open-air movie theater, offering audiences four weeks of free evening screenings. This year’s lineup […]
Maria Dănilă, from Constanta, is the first woman in Romania to climb the K2 peak, in the Karakoram mountain range on the border between China and Pakistan. With this climb, she completed the list of the highest peaks in the world, according to Protv.ro. K2 is not only the second-highest peak...
