Number of insolvencies, down by 22% in Romania

29 August 2016

Over 5,000 local companies became insolvent in the first seven months of the year, down 22.5% compared to the same period in 2015.

Bucharest recorded over 1,000 insolvency cases during this period, down 12.5% compared to the first seven months of 2015.

The Bihor county ranked second, with over 320 insolvencies, down 1.5%. It was followed by the Iasi county, with over 300 insolvencies, up 13.2% year-on-year.

Over 10,500 companies suspended operations between January and July this year. The level was similar to the one recorded in the same period 2015.

editor@romania-insider.com

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Number of insolvencies, down by 22% in Romania

29 August 2016

Over 5,000 local companies became insolvent in the first seven months of the year, down 22.5% compared to the same period in 2015.

Bucharest recorded over 1,000 insolvency cases during this period, down 12.5% compared to the first seven months of 2015.

The Bihor county ranked second, with over 320 insolvencies, down 1.5%. It was followed by the Iasi county, with over 300 insolvencies, up 13.2% year-on-year.

Over 10,500 companies suspended operations between January and July this year. The level was similar to the one recorded in the same period 2015.

editor@romania-insider.com

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