Business dissolutions over January - September 2021 were 15.31 pct up from the year-ago period, standing at 22,100 compared to 19,165 in 2020, shows data centralized by the National Trade Register Office (ONRC).Bucharest tops the list with most company dissolutions - 4,012 (up 11.17 pct), followed by the counties of Constanta - 1,099 (+16.79 pct), Timis - 989 (-2.66 pct) and Iasi - 972 (+39.06 pct). The counties with the least number of dissolutions are Covasna - with 128 (+3.23 pct), Mehedinti - 132 (+8.20 pct) and Vaslui - 147 (+12.21).The activity sectors with most company dissolutions in the reporting period were wholesale & retail trade, and the repair of motor vehicles and motorcycles, with 6,739 business shutdowns nationwide, 20.99 percent higher YoY.Professional, scientific and technical activities, as well as construction, are other business fields where a large number of business dissolutions were reported: 2,083 (+13.83 pct), and 2,092 (+10.75 pct), respectively.As many as 2,794 dissolutions were recorded this September, most of them in Bucharest (423) and the counties of Constanta (152), Cluj (125), and Arges (121).
Associates of the fugitive Moldovan oligarch Ilan Șor were urged to vote for far-right candidate George Simion in the presidential elections in Romania back in May, according to the General Inspectorate of Police of the Republic of Moldova. Moldovan police made public several messages discovered on the phones of those close to Ilan Șor as […]
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
