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Insolvent Romanian firms up 15% in Jan-April

Jun 6, 2024, 1:02:02 PMArticle by Bogdan Todasca
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June 6 (SeeNews) - The number of insolvent Romanian companies increased by 15% year-on-year to 2,526 in the first four months of 2024, the country's trade registry office, ONRC, said.

Insolvent Romanian firms up 15% in Jan-April
Source: ds_30, pixabay.com

The highest number of insolvent companies and legal entities in the January-April period, 490, was registered in Bucharest, ONRC said in a data release on Wednesday. Bihor county was the runner-up, tallying 222 insolvencies.

The highest number of insolvent companies was registered in the wholesale, retail and motor vehicles servicing sector - 677, up by an annual 9.9%, followed by construction with 523, up by 23%, and manufacturing with 287, up by 13%.

At the end of 2023, there were 6,650 insolvent companies in Romania, virtually unchanged from 6,649 recorded a year earlier.

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