Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Number of companies suspending activity, up almost 20pct...

Number of companies suspending activity, up almost 20pct in first nine months

December 23, 2024

The number of companies that suspended their activity in the first nine months of 2024 was 13,481, an increase of 19.29% compared to the same period last year, according to data published by the National Trade Registry Office (ONRC).The highest number of companies that suspended their activity was in Bucharest, with 1,619 (an increase of 20.64% compared to January-September 2023), followed by the counties of Cluj, with 837 suspended companies (up 10.13%), Iasi - 603 (up 26.68%), Bihor - 588 (up 34.55%) and Brasov - 578 (up 10.73%).On the other hand, the fewest suspensions were recorded in the counties of Ialomita - 82 (up 7.89% compared to the first nine months of 2023), Covasna - 96 (up 20%), Gorj - 98 (up 4.26%), Giurgiu - 107 (up 52.86%) and Teleorman - 107 (up 1.9%).The largest increases in the number of suspensions were recorded in the counties of Dambovita (up 77.72%), Tulcea (up 58.11%) and Giurgiu (up 52.86%), while decreases occurred only in the counties of Caras-Severin (down 5.69%), Calarasi (down 3.33%), Vaslui (down 1.62%) and Satu Mare (down 0.51%).By sector, the highest number of suspensions occurred in wholesale and retail trade, repair of motor vehicles and motorcycles, with 3,134 (up 4.5%), followed by professional, scientific, and technical activities - 1,238 suspensions (up 12.75%), and construction - 1,210 suspensions (up 41.19%).In September 2024, 1,134 suspensions were recorded, the highest numbers being in Bucharest (115), Constanta (112), Iasi (57), Cluj (48) and Sibiu (45).  

Read in full - click here
Education unions in Romania warn of school year boycott after talks with government

Romanian education trade unions are maintaining their warning of a general strike and possible boycott of the new school year after failing to secure concessions from the government during talks on August 11, Economica.net...

Romania's Social Democrats to boycott ruling coalition unless key demands are met

The Social Democratic Party (PSD) expressed several conditions to be met by the ruling coalition before it attends the coalition meetings, interim president Sorin Grindeanu announced on August 11 after a meeting of the party's leadership, Digi24...

Simtel to build 60 MW solar park for Verbund in Tulcea County

Romanian engineering company Simtel has signed a EUR 19.1 million (USD 20.83 million) contract with Verbund Wind Power Romania, part of Austria’s Verbund group, to design, construct, and commission a 60 MWp photovoltaic park in Casimcea, Tulcea County. The project will be implemented over 15 months, followed by a 36-month performance guarantee period. Simtel will […]

Hidroelectrica revives 45 MW solar park project in Brăila County

Romania’s state-owned electricity producer Hidroelectrica has launched a RON 158 million contract for the construction of the Tudor Vladimirescu photovoltaic park in Brăila County, Energy Tehnologies & System documents show, as reported by Profit.ro. The 45 MW project has been...

Cyprus-based Olvia Investments eyes liquid products terminal in Constanța port

Olvia Investments, a Cyprus-registered real estate investment company within the Island Oil Holdings group, is seeking to acquire Green Port Operator, a port logistics firm in Constanța, with plans to build a liquid products terminal in the Black Sea port,

Erste Group expects Romania’s Q2 GDP slowing down by 0.1% q/q

Romania’s Q2 GDP is expected to show a mild contraction of -0.1% q/q and -1.8% y/y in Q2, due to weak confidence and base effects, Erste Group says in a research note. Romania’s statistics office will announce flash Q2 GDP data on Thursday, August 14. The 1.8% y/y decline expected by Erste for the country’s economy […]