Number of insolvent firms, up 7.5% year-on-year in Romania

insolvency

The number of companies that entered insolvency reached 6,441 in the first nine months of this year, up 7.5% year-on-year, according to the Trade Registry’s Office (ONRC). In September, 683 local firms became insolvent.

Bucharest, for example, recorded 1,393 insolvencies between January and September, up 15% year-on-year. It was the highest number of insolvencies in Romania during this period. It was followed by Iasi, with 385 insolvent companies in the first nine months of this year, up 8.7% year-on-year. Bihor recorded 351 insolvent firms, down 16% year-on-year.

The public administration and defense sector saw no insolvencies between January and September. In the healthcare and social assistance sector, the number of insolvencies grew by 21% to 23 firms. In the energy production sector, the number of insolvent firms rose by 36% to 41 companies.

Most insolvencies were recorded in trade, with 1,933 firms, between January and September.

[email protected]

ri-logo

Want to be up to speed with what's happening in Romania? We'll send your first batch of news for the day directly to your inbox.

Subscribe to our mailing list