March 8 (SeeNews) - The number of insolvent Romanian companies increased by an annual 16.7% to 509 in January, the country's trade registry, ONRC, said.
Despite falling by 20.8% on the year to 76, the highest number of insolvent companies and legal entities was registered in the capital Bucharest, data published on the ONRC website on Wednesday showed.
The highest number of insolvent companies was registered in the wholesale, retail and motor vehicles servicing sector - 235, up by an annual 1.5%, followed by construction with 104, up by 15.6%, and manufacturing with 64, up by 16.4%.
In 2023, the number of insolvent companies in Romania stood at 6,650, virtually unchanged from the 6,649 insolvencies recorded a year earlier.