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).
Imagine living in Europe with visa-free travel across 29 Schengen countries, low living costs, and access to some of the best tax policies in the EU—all without the typical bureaucratic hurdles. Sounds too good to be true? It’s not. Romania’s business residency program is the ultimate “cheat code” for expats looking to make Europe their […]
Igor Feio, a Portuguese citizen living in Romania for over ten years, analyzes the mechanisms that favored then rise of populist and far-right parties and candidates in the recent presidential and parliamentary elections. Throughout Europe over the last half a decade, movements and parties from what is considered to be a far-right and populist ideology […]
Hungarian low-cost airline Wizz Air is further expanding its base in Craiova, in southern Romania, following the reallocation of its second aircraft, an Airbus A320neo, in the summer of 2025. Starting June 1, 2025, the airline offers a connection between Craiova and Memmingen. Beginning with June 2, it will introduce one between Craiova and Bari. […]
White Image, a leader in business process automation and optimization, has expanded its service portfolio with a new digital solution—integrating brand campaigns into WhatsApp, thus offering clients the opportunity to exploit one of the most effective digital communication channels. This strategic step comes in the context of a growing demand for quick and efficient consumer […]
Moldova, Romania’s small eastern neighbor, is set to declare a state of emergency in the energy sector for 60 days, starting December 16, 2024. The announcement was made by prime minister Dorin Recean during a press conference. This situation has arisen because the Republic of Moldova can no longer rely on supplying Transnistria with gas […]
Legal frameworks often struggle to keep pace with rapid technological advancements, but Andreea Cirstea-Ion and Roman Hamed, the founders of the Romanian law firm Roman HAMED & Andreea ION (“Legal to Business”), are determined to close the gap. In this interview, the duo shares their journey from law school to establishing a firm that thrives […]
