Prosecutors with the General Prosecutor's Office have indicted Club Colectiv Ltd, the company managing the Colectiv Club, and Golden Ideas Fireworks Artists Ltd., in charge of pyrotechnic effects, for manslaughter and involuntary bodily injury with multiple victims. Daniela Nita, manager and majority shareholder of Golden Ideas Fireworks Artists Ltd., was called on Wednesday to the headquarters of the Prosecutor General's Office, where prosecutors announced her that was indicted also for the said offences, regarding all victims. The extension of the indictment has been decided also for Viorel Zaharia, a pyrotechnics employee at Golden Ideas Artists Fireworks Ltd., for manslaughter, regarding the victims deceased after November 2, 2015. According to a press release of the Prosecutor General's Office, in the same case, prosecutors have changed the legal classification for the owners of the Colectiv club - Paul Gancea, George Anastasescu and Costin Mincu - from the offense of involuntary bodily injury to the offense of manslaughter, following the deaths after November 2, 2015. Moreover, the defendants were informed about the objectives of the technical and scientific forensic analyses in the case and about the fact that a lien had been placed on their assets, as in the case of Club Colectiv Ltd. and Golden Ideas Fireworks Artists Ltd. Prosecutors have established that the fire at the Colectiv Club occurred due to the fact that the people managing that space encouraged and allowed the access of a number of people much above the admissible limit of the club, with the space not being fitted with several emergency exits, and conducting a fireworks show in the club with interior decoration unfit for such activities, characterized by the existence of easily inflammable materials that were fitted with violating legal provisions, which resulted in the death and injury of several people in the club.The death toll so far following the Colectiv club fire amounts to 60 people.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
