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.”
INVOLI, together with Vantage Towers Romania, proudly announces an enhanced strategic partnership aimed at transforming air traffic surveillance throughout Romania regional airports. This initiative marks a significant step in our joint commitment to advancing safety and operational efficiency across all levels of Romanian airspace. Partnership Overview Extended Collaboration: Building on the successful implementation of the […]
Emanuele Nicola Affaticati, a young boy of Romanian origin, will be given the recognition of "Alfiere della Repubblica" (Standard Bearer of the Republic) in Italy for preventing a murder. Emanuele lives in the town of Fiorenzuola D’Arda, in the Piacenza area. In December 2022, he foiled the plan of a man who intended to kill […]
The salaries in the local business services industry have seen a 4% increase in March 2024 compared to September 2023, according to the HR Barometer conducted by the Business Service Leaders Association (ABSL) and PwC Romania. Bucharest leads in salary increase levels at 4.7%, while the region of Banat - Transylvania witnessed an increase of only 2.1%. […]
Romania's Central Electoral Bureau recently published the definitive list of candidacies for the European Parliament elections. According to the BEC decision, 12 political formations and electoral alliances, as well as 4 independents, will participate in the European elections. The candidacies submitted by the Electoral Alliance of Social Democrats and Liberals (PSD-PNL), the United Right Alliance […]
Liberal (PNL) candidate for mayor of Bucharest, Sebastian Burduja, who recently presented his plan for the city, argued that the Romanian capital should strive to become a port on the Danube. The project was first envisioned roughly 170 years ago, in the 1850s, by the Romanian authorities at the time. "It's a project that I […]
Romania will host the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. During the first JIVE project CEE roadshow, which ran between November 2022 and January 2023, the bus traveled across Slovenia, Croatia, Czechia, Slovakia, and […]
