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).
Despite some positive developments concerning water levels in the upper reaches and tributaries of the Danube, the forecast remains “reserved”, Bușoi said. “After September 15, we will make a new assessment, but we expect things to be possible only towards the end of September,” he said. Cernavodă NPP shut down its second reactor on August […]
According to a government statement, the discussions took place against the backdrop of Romania’s current political and economic situation and focused mainly on the evolution of public finances, the outlook for the budget deficit, the state’s financing costs, the absorption of European funds, and the need to continue fiscal consolidation and the reforms already under […]
The Bucharest Tribunal approved a request to open general insolvency proceedings against public transport operator STB on Tuesday, September 8, Agerpres reported. The ruling was issued in a separate case from the one in which the court rejected a similar request...
Ferrero, the Italian confectionery group, will open a production facility in Timișoara, Profit.ro reported. Company representatives told Profit.ro that Ferrero was nearing the final stages of acquiring an existing industrial site in Timișoara...
NIBIRU attracts more than 2.5 million visitors in its first season 53 days in which audiences validated the experience economy as a business model for the Romanian seaside Initially planned for 46 days and extended until 6 September, NIBIRU’s first season brought together more than 350 events, 500 artists and...
Primul sezon NIBIRU: peste 2.5 milioane de vizitatori și 500 de artiști – 2026 Planificat inițial pentru 46 de zile și prelungit până pe 6 septembrie, primul sezon NIBIRU a reunit peste 350 de evenimente, 500 de artiști și un public format din generații și comunități diferite. Peste două milioane...
