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.
West Group announced that it finalized the full acquisition of the iResidence residential project in northern Bucharest, ensuring that development continues without disruption and with strengthened financial backing. The project comprises 520 apartments with underground parking and storage facilities. Following the takeover, construction remains on schedule, with the first phase of 260 apartments already structurally […]
Bucharest's interim mayor, Stelian Bujduveanu, announced on Tuesday, August 19, the launch of a large-scale urban regeneration project around Gara de Nord, the capital's busiest railway station. The plan, developed in partnership with the Ministry of Transport and the District 1 City Hall, aims to transform the degraded transport hub into a modern intermodal node,
Save Romania Union (USR) has discussed with prime minister Ilie Bolojan (Liberal Party, PNL) about the organization of local elections in Bucharest in November, given his position as head of government and also as PNL president, sources told
The Israeli company Econergy, one of the most important investors in renewables in Romania, announced that it has officially connected a new 87 MW photovoltaic park located in Oradea to the Romanian electricity grid and announced plans for a 68 MW storage facility at the project site, according to
Romania’s courier industry recorded revenues of RON8.1bn ($1.78bn) in 2024, up 17% year on year, according to data from the SMARTreports platform powered by Bridge-to-Information, Ziarul Financiar reported. The sector added RON 1.1 billion (EUR 220 million) in revenues compared to 2023, marking one of its...
Consultations were held between the government, trade unions, financial markets regulator ASF, and the financial institutions involved, about the draft project for the disbursement of pensions under the pillars II and III. The consultations followed public protests to the draft law inked by ASF and promoted by the government, particularly regarding the ban on complete […]
