trade register

The number of companies that started insolvency proceedings in the first quarter of the year exceeded 6,250, up 27% on the same interval a year earlier, according to data of the Romanian Trade Register Office, or ONRC.

The number of companies that started insolvency procedures in the first to months of 2010 exceeded 4,100, 35% more than in the same period a year earlier, according to data of the Romanian Trade Register Office, or ONRC.

Romania’s Justice Minister Catalin Predoiu proposes the Government to change the system used when registering companies at the National Trade Register Office, so that it no longer involve judges, since 17,200 cases are blocked at the institution by the magistrates’ protest.