The number of companies and authorized individuals (PFAs) that entered into insolvency increased by 11.43% in the first five months of 2022, compared to the same period of last year, with 2,808 insolvencies registered, according to data published on the website of the National Trade Register Office (ONRC).The most dissolutions were registered in Bucharest, respectively 499 companies, but were down by 0.80% from the period of January-May 2022, when 503 dissolutions were registered.On the insolvency hierarchy there are also the counties of Bihor, with 242 dissolutions, (+24.74%), Cluj - 186 (-13.49%) and Timis - 140 (+9.38%).The least insolvencies were registered in the counties of Harghita, with 9 dissolutions, going up by 50% from the same period of 2021, Botosani - 13 (same as similar period in 2021), Covasna - 13 (minus 7.14%), Gorj - 13 (-45.83%) and Olt (+5.88%).By field of activity, the largest number of insolvencies was registered in retail, wholesale, automobile and motorcycle repair, namely 727 (-6.07% from the first 5 months of 2021), construction - 551 (+34.72%) and the processing industry - 339 (+6.94%).As many as 627 insolvencies were registered in May 2022.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
