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May 16, 2021

Over 127,000 firms suspended activity this year

During January-November 2009, over 127,000 firms suspended their activity, almost 12 times more than in the same period last year, show the data of the National Office of the Trade Registry (ONRC), taken over by Mediafax. “Compared to 2008, when there were 10,901 (suspended activities – editor’s note) at the level of the whole country, this year there were 127,129, representing a growth of 1.066.21 percent,” reads ONRC press release. The number of dissolutions grew over five times, to 17,670, while that of the stricken off firms by 161 per cent to 39,371. The firms pay, since May 1, an annual minimum tax between RON 2,200 (around EUR 500), if they have total revenues of up to RON 52,000, and RON 43,000 (around EUR 10,000), for revenues above RON 129 M. The firms which make a profit further pay a tax of 16 per cent, but not less than the minimum limit for the category of revenues in which they fall. The introduction of the tax was criticized by the representatives of the business circles.

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