Over 34,000 general insolvency procedures for juricial persons were recorded over 2019-2024 as well as 172 procedures for physical persons, according to data presented on Tuesday by Valentina Burdescu, the CEO of the National Office of Trade Registrar (ONRC), at the debate “Restructuring – prevention measure for insolvency”, organized by Financial Intelligence. “Over 2019 and the first quarter of 2024, we have recorded 34,087 general, simplified insolvency procedures, observation or bankruptcy, including judiciary reorganization. 19,674 procedures closed down or are going on. At present, there are 14,413 prcedures from the evidence of Insolvency Procedure Bulletin pf the Trade Registrar basedon foreclosure court decisions and of notifications made by insolvency specialists about carrying out these procedures. For present insolvency procedures we should analyse and remember at least the fact that for procedures open in 2018, 1,044 insolvency procedures are still being carried out at present, which means they began exceeding the 5 year deadline. For procedures opened in 2020, 970 procedures are still used. For those opened in 2021, 1,697 procedures are in operation, while for those of 2022, 3,275 procedures are still going on. In 2023, almost all procedures – 5,607 are in that stage, out of 6,772 procedures”, Burdescu mentioned. He added that, in the first three month of the present year, there are 1,820 insolvency procedures carried out. As for insolvency procedures of natural persons, official data show that in the period of time analysed 2019-2024, 172 administrative procedures for debt return were reported. Of them, 166 represent procedures carried out at present. “In the case of insolvency procedures through the liquidation of debts we have 17 procedures and a single simplified insolvency procedures, which is a small number. We may say that 2023 was the year when we recorded most procedures, that is 67 procedures for natural persons,” said Valentina Burdescu. Financial Intelligence publication organized on Tuesday the debate “Restructuring – an insolvency prevention measure.”
The medieval fortress of Orăștie, in western Romania, was reopened on Monday, August 18, to the general public, after several years in which it underwent a process of conservation and restoration. The fortress, located in Hunedoara County, is now part of the local tourist attractions in the Mureș Valley. “We are inaugurating an important project […]
The famous Babele Cabin, located at an altitude of 2,206 meters on the Bucegi plateau near the Sphinx and Babele formations, was put up for sale for EUR 1.6 million. Built in 1970, the building is in an advanced state of degradation and requires renovation. It has a total of 20 rooms and over 1,760 […]
One of Bucharest’s most popular summer events is back as Cinema în Aer Liber kicks off its 2025 edition on the Insula Artelor in Titan Park. Running from August 19 to September 14, the festival will transform the island into an open-air movie theater, offering audiences four weeks of free evening screenings. This year’s lineup […]
Maria Dănilă, from Constanta, is the first woman in Romania to climb the K2 peak, in the Karakoram mountain range on the border between China and Pakistan. With this climb, she completed the list of the highest peaks in the world, according to Protv.ro. K2 is not only the second-highest peak...
More than 65% of 12th grade graduates from private schools with a dual curriculum in Romania (Class of 2024–2025) have been admitted to prestigious international universities in Europe, the United Kingdom and the United States, according to a study conducted by the Romania Education Alliance (REA) – the first national network bringing together high-performing private […]
Romania’s Ministry of Energy published on Monday, August 18, an ordinance designed to establish a Cybersecurity Incident Response Center in Energy. The new center will prepare the country’s energy sector to face expected and complex cyber threats, according to its initiators. The authors of the project say that the liberalization of the national energy market, […]
