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).
Garanti BBVA has granted a EUR 7.5 million loan to MG Tec Industry SRL, the leading Romanian producer of paper tissues. The financing benefits from a state guarantee issued by Exim Banca Românească, covering up to 75% of the loan value. Garanti BBVA and MG TEC Industry share a commitment to sustainability, with MG Tec […]
One United Properties (BVB: ONE), Romania’s leading green developer of residential,...
Controversial social media influencer Andrew Tate and his brother Tristan, who are being investigated on several charges related to human trafficking and other offenses, left Romania in the early hours of Thursday, February 27, according to media reports. They are reportedly heading to the US by private jet. According to
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a preliminary turnover of 285.5 million euros in 2024, gross profit of 88.6 million euros, while the net profit for the year stood at 76.7 million euros. “Over the past five years, One United Properties has transformed from […]
Garanti BBVA has granted a EUR 7.5 million loan to MG Tec Industry SRL, the leading Romanian producer of paper tissues. The financing benefits from a state guarantee issued by Exim Banca Românească, covering up to 75% of the loan value. Garanti BBVA and MG TEC Industry share a commitment to sustainability, with MG Tec […]
E.ON Energie Romania completed the construction of a 655 kWp installation in Timişoara for Continental Automotive, one of the largest developers and manufacturers of innovative systems in the automotive sector. The project involved the installation of a photovoltaic system consisting of 1,440 solar panels that will provide almost 715 MWh of renewable electricity for Continental […]
