Insolvencies in Romania down in 2019

MNB

In 2019, there were 6,384 insolvent companies in Romania, 22% less compared to the level registered in the previous year, according to latest study by Coface Romania, Romania Journal reports.

The data also indicate a gradual decrease of insolvent companies with revenues over EUR 500,000 (medium and large companies). The latter reached 444 companies during 2019, below the average of 550 over the last three years.

This evolution was also reflected in the decrease of financial losses of only RON 4.6 billion (EUR 959.5 million) in 2019, half of the average for the last three years, Romania Journal says.

ADVERTISEMENT

Financial Loss Puts 4iG in Red Figures

Financial Loss Puts 4iG in Red

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Money Motion 2024: The Future of FinTech Unfolds in Zagreb Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.