The number of companies newly established in the EU increased by 4.6% in the 2nd quarter, as compared to the first quarter, and the growth registered in Romania is much higher than the average in the EU show the data published on Monday by Eurostat.According to the data, from one quarter to another, among the EU member states, the highest increases in establishing new companies were registered in the Netherlands (57.7%), Spain (27.6%) and Romania (19%). At the other end, the highest drops in establishing new companies were registered in Denmark (minus 18.2%), Cyprus (minus 8.4%) and Germany (minus 6.2%).In the second quarter of this year compared to the previous quarter, the number of new business start-ups increased in all sectors of the economy except industry, where there was no change. The highest growth was recorded in the transportation (13.1%), computer and communication (8.2%) and financial services (5.2%) sectors. At the same time, the number of insolvencies rose by 1.7% in the European Union in the second quarter of this year compared with the first quarter. Among Member States, the highest increases in insolvencies were recorded in Latvia (70.7%), Cyprus (66.8%), Slovakia (20.1%) and Romania (17.7%), while the largest decreases in insolvencies were recorded in Estonia (minus 28.7%), Spain (minus 8.3%) and Sweden (minus 8.1%). Across the EU, insolvencies rose in four sectors of the economy, while four other sectors saw a fall. The largest increases were recorded in the computer and communication (13.6%) and construction (8.1%) sectors, while large decreases in insolvencies were recorded in the accommodation and food services (minus 7.5%) and distributive trades (minus 3.7%) sectors.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
