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Number of Insolvent Romanian Companies up in Q1

Figures

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The number of insolvent Romanian companies rose by an annual 2.11% to 1,644 in the first three months of 2023, the country's trade registry said on Wednesday.

The highest number of insolvent companies and legal entities was registered in the capital Bucharest, jumping by 29% on the year to 365, data published on the ONRC website showed.

During the January-March period, the highest number of insolvent companies (467) was registered in the wholesale, retail, and motor vehicles servicing sector, up by an annual 14%, followed by construction with 307, down by an annual 0.33%, and manufacturing with 190, down by an annual 3.06%.

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