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The number of insolvent companies down by 10 percent in Q1

The National Trade Register Office (ONRC) announced that the number of insolvent companies decreased by 10 percent and reached 6.800 in Q1 of 2014, compared to 7.535 insolvencies recorded in the same interval of last year.

2014-04-17 21:34:49

The largest number of insolvencies have been recorded in Bucharest, Bihor and Prahova counties while, at the national level, 26 counties posted a decreased number of insolvent companies. The counties that recorded the smallest number of insolvencies are Calarasi, Neamt and Giurgiu, according to the institution data.

The largest number of insolvencies has been registered in fields such as trade, constructions and manufacturing. In 2013, a number of over 29.500 companies declared insolvent and, since 2008, a total of 130.000 faced payments difficulties. The establishment of new companies also downsized by 2.46 percent to 29.295. At the end of March, according to ONRC, 1 million companies were active in business.



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