Number of insolvent Romanian cos down 0.2% y/y in Jan-Oct

The highest number of insolvent companies and legal entities was registered in the capital Bucharest, jumping by 17.8% on the year to 1,084, data published on the ONRC website on Wednesday showed.

The central county of Covasna saw the lowest number of insolvencies in the ten months through August, with only 21 firms becoming insolvent, compared to 26 insolvencies recorded in the same period of last year.

During the January-October, the highest number of insolvent companies was registered in the wholesale, retail and motor vehicles servicing sector - 1,450, down by an annual 1.4%, followed by construction with 1,075, up by an annual 3.3%, and manufacturing with 645, down by an annual 6.5%.