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Economy Watch: Market Movers Today — Cnipmmr

Business Demographic Trends in Romania Deteriorate in 2024

In 2024, the number of businesses that ceased operations or became insolvent surpassed the number of new businesses registered, according to Dragoş Pufulete, a board member at the SME association CNIPMMR, as reported by Ziarul Financiar. Remarkably, this decline in the total number of...

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In the year 2024, a stark shift was seen as more businesses shuttered their doors or stumbled into insolvency than those that were freshly registered, According to Dragoş Pufulete, a Board member of Romanian SME association CNIPMMR, addressing Ziarul Financiar.

While the specific details regarding the number of company registrations, deregistrations, and insolvencies in 2024 couldn't be found in the search results for this article, it's worth noting:

  • Insolvency indicators: A report from a Romanian company on the Bucharest Stock Exchange (BVB) highlights 7 local companies in some form of financial distress (insolvency, bankruptcy, or judicial reorganization) as of December 31, 2024. However, this data seems to be limited to the reporting entity's scope, rather than representing the national picture.
  • Deregistration patterns: While not directly related to Romania, Ireland's 2024 data shows that around 68% of VAT deregistrations were due to business ceasing operations or experiencing a significant decrease in turnover, offering insights into typical deregistration trends.
  • Tax compliance updates: KPMG's April 2025 report outlines international indirect tax developments but lacks any Romanian registration data.

To access the official figures, it is recommended to explore Ziarul Financiar's archives or CNIPMMR's 2024 annual reports directly, as they do not appear in the provided documents[1][3][5].

  1. The insolvency rate in Romania seems to have increased significantly in 2024, as indicated by a Board member of Romanian SME association CNIPMMR, Dragoş Pufulete, during an interview with Ziarul Financiar.
  2. In contrast to the national picture, a report from a Romanian company on the Bucharest Stock Exchange reveals that 7 local companies were in some form of financial distress, such as insolvency, bankruptcy, or judicial reorganization, as of December 31, 2024.
  3. To gain a more comprehensive understanding of the business and insolvency situation in Romania for the year 2024, it is advisable to consult Ziarul Financiar's archives or CNIPMMR's 2024 annual reports directly, since the provided documents do not contain the official figures.
Businesses Dissolving or Entering Bankruptcy Outpaces New Business Formations, Accordng to Dragos Pufulete, Member of the SME Association CNIPMMR, Discussed with Ziarul Financiar.

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