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.
Agra Asigurări, the national leader in agricultural insurance, announces record claims in the first 6 months of this year. As of June 20, 2025, more than 3,300 damage notices have been registered due to extreme weather events nationwide, marking an increase of nearly 50% compared to the entire period of 2024. In total, amid the […]
In a significant recognition of Romania's financial market progress, MSCI, one of the major global index providers, has upgraded Romania's capital market classification to an Advanced Frontier Market. The decision follows MSCI's 2025 Global Market Accessibility Review published earlier this month and represents...
From music festivals to cultural happenings and outdoor activities, here are some of the events scheduled to take place in the capital this summer. Tom Jones concert June 26 After a sold-out concert two years ago, Tom Jones returns to Bucharest with an event that is part of the Defy Explanation tour. It will be […]
The "Vară Magică" (Magical Summer) International Festival returns to the Romanian Athenaeum in Bucharest with eight evenings of classical music, taking place from July 2 to August 13 every Wednesday. Now in its 14th edition, the festival continues its artistic direction in 2025 with the theme "Masters and Masterpieces," meant to signal a musical journey […]
The Romanian Chamber of Deputies adopted a draft law establishing the year 2026 as the "Constantin Brâncuși Year” to celebrate the famous sculptor. The law, initiated by former culture minister and Social Democratic deputy Natalia Intotero, passed with a large majority, with 275 votes in favor and one vote against. Next year also marks the […]
Romanian president Nicușor Dan met with UK prime minister Keir Starmer on Wednesday morning, June 25, on the sidelines of the NATO summit in The Hague. The meeting brought together Romania’s full official delegation, including presidential security advisor Cristian Diaconescu, newly appointed foreign minister Oana Țoiu, defence minister Ionuț Moșteanu, and Romania’s permanent representative to […]
