National Trade Register Office: The number of companies in insolvency decreases by 23.5 per cent

2014-12-01 12:31:49 - From the Print Edition

In mid-November, The National Trade Register Office (NTC) announced that the number of companies which became insolvent in the first ten months decreased by 23.5 per cent to 18,000 from 23,500 over the same period last year. In October, a number of 1316 companies have entered into default. In August and September were recorded the lows of this year when 641 and 926 companies entered in insolvency, respectively. In July 2093 of the registered companies did not have the money to pay debts, 2,000 firms in June, 2149 in May, 2089 in April, 2115 in March, 2631 in February, and 2054 in January, according to data NTC as quoted by Mediafax. The largest decreases in the number of insolvencies after ten months were recorded in the Mehedinti county with -75.29 per cent, Vaslui county with -67.93 per cent and Giurgiu county with -67.8 per cent. At the same time, in Alba, Harghita and Prahova counties were recorded the largest increases in the number of insolvencies of 40 per cent, 27.23 per cent, and respectively 24.2 per cent of the firms registered being in insolvency compared to 2013. At the national level, seven counties recorded increases in the number of insolvencies rates between 1.49 per cent and 40 per cent, and the rest reported decreases with rates from -3.47 per cent to -75 29 per cent.