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).
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 273.81 million, 2.8 times higher than the budgeted level for the entire year of 2024. The net result is the company’s main financial performance indicator, comprised of RON 144.02 million in net profit and RON 129.79 million in net […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate...
La French Tech Bucharest announces the third edition of its highly-anticipated flagship event, Inspiring Women in Business, set to take place on November 21st, 2024, at the Romanian - American University (Expoziției Boulevard, Number 1B, Bucharest), starting at 18:30. This prestigious event will spotlight influential women who are leading businesses through transformative times, showcasing their achievements, […]
Eltra Logis, one of the main players in the niche logistics, transport, and storage market, is strengthening its position in the pharmaceutical industry, which now generates 40% of the company's turnover. This consideration comes based on the significant consumption of medicines in Romania and the development of local production capacities in the pharmaceutical sector. The […]
The Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which […]
Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. "Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from […]
