Coface: Almost 40 percent less insolvencies in 2012 versus last year

2012-06-18 17:22:37

According to credit insurance services company Coface, analyzing data of the National Trade Register Office (ONRC), the first quarter of this year numbered over 4,400 companies stating different stages of insolvency procedures, representing almost 35 percent less amount compared with the same period of last year. The insolvency is mentioned to decrease in all fields. The segments which registered the largest decreased in insolvency are estimated to be the metallurgy, where the insolvency cased decreased by almost 50 percent compared with 2011, the industrial machinery and equipments segment also stated a decrease of insolvencies estimated at almost 53 percent. The social assistance and health services stated a decrease of insolvency cases of 50 percent in Q1 of 2012 compared with the same period of 2011.
On the other hand, the most affected segments regarding insolvency cases remain the trade , both retail and en gross and constructions. In terms of country distribution for insolvencies, the most affected counties are Arad, Mures and Dambovita, while the counties which stated the largest decrease of insolvencies are Brasov, Constanta, Iasi, Botosani, Harghita and Covasna. The most affected geographical region of Romania, in terms of insolvencies, is South, with 955 insolvent companies, while North-western states 762 insolvencies and South-Eastern states 526 cases. But all regions registered downturns in insolvency registering.