A total of 38,332 companies were deregistered nationwide in the first seven months of 2023, 6.52% fewer than in the same period last year, according to statistics from the National Trade Register Office (ONRC).The most deregistrations were recorded in Bucharest - 6,195 (minus 5.22% compared to January - July 2022) and in Cluj -1,842 (minus 1.07%), Constanta - 1,731 (minus 5.15%) and Timis - 1,715 (minus 7.85%) counties.Conversely, the fewest deregistrations were recorded in the counties of Ialomita - 231 (down 31.45% compared to the first seven months of 2022), Covasna - 277 (minus 18.77%) and Giurgiu - 300 (minus 27.36%).The most significant increases in the number of deregistrations were recorded in the counties of Dambovita (plus 20.45%), Botosani (plus 16.90%) and Bacau (plus 16.88%).During the period under review, the largest decreases in the number of deregistrations were recorded in the counties of Ialomita (minus 31.45%), Giurgiu (minus 27.36%) and Ilfov (minus 22.43%).By sector of activity, the highest number of deregistrations was recorded in wholesale and retail trade, repair of motor vehicles and motorcycles - 9,750 (minus 12%, compared to January - July 2022), professional, scientific and technical activities - 3,345 (minus 2.22%) and transport and storage - 3,226 (plus 1.38%).In July 2023, 4,437 companies were deregistered, most of them in Bucharest (830) and in the counties of Constanta (208), Timis (181) and Cluj (176).
Private equity fund CVC and Therme Group, the developer, owner, and operator of wellbeing destinations, have partnered for Therme Horizon, a new holding company comprising Therme Erding in Germany and Therme Bucharest in Romania. In a deal valued at over EUR 1 billion, CVC and Therme Group will become equal partners in Therme Horizon. CVC will also co-invest in the development of Therme […]
As Cambridge School of Bucharest (CSB) celebrated its 30th anniversary in 2024, it reflects on the significant strides the school has made in providing world-class education. From its early beginnings to the thriving institution it is today, CSB has always focused on nurturing the intellectual, emotional, and social growth of its students. The school’s evolution […]
Schrack Technik Romania, a subsidiary of the Austrian group Schrack Technik GmbH, a manufacturer and distributor of electrical installations and equipment, has finalized a EUR 15 million logistics center in Domnești, near Bucharest. The center has an area of 3,500 sqm of offices + 5,500 sqm, a storage capacity of 5,000 pallets, a stock of […]
President Nicușor Dan will meet the parliamentary parties on Thursday, June 19, for consultations on nominating the next PM, the Presidential Administration announced. The Social Democratic Party (PSD), the National Liberal Party (PNL), the Save Romania Union (USR), and the Democratic Alliance of Hungarians in Romania (UDMR) have been negotiating a governing program and the […]
President Nicușor Dan will meet the parliamentary parties on Thursday, June 19, for consultations on nominating the next PM, the Presidential Administration announced. The Social Democratic Party (PSD), the National Liberal Party (PNL), the Save Romania Union (USR), and the Democratic Alliance of Hungarians in Romania (UDMR) have been negotiating a governing program and the […]
Two young Romanian energy specialists, one from Transelectrica, the operator of the national power system, and the other from the National Energy Regulatory Authority, were designated as members of the continental expert commission investigating the causes of the historic total blackout that affected Spain and Portugal. The blackout took place on April 28, 2025 and […]
