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October 21, 2021

More than 27,000 cases of insolvency in 2013

The number of companies that went insolvent in the first eleven months of the year has reached 27,119, i.e. 9 per cent higher than in 2012, half of which come from trade and construction, according to the National Trade Register Office (ONCR). Over the first eleven months of the year 2012, there were 24,833 companies that became insolvent all over the country according to available data, Mediafax reports.
3,576 companies claimed insolvency in November, compared to 3,323 in October, but more than double compared to companies unable to pay their debts in September (1,536). Bucharest and Bihor County are on of most cases of insolvency this year, with 3,368 (1.02 per cent more than 2012), and 1,649 (36.39 per cent more), followed by Galati with 1,431 (27 percent more). The least cases were reported in Calarasi County, only 202, and Caras-Severin, 220 cases this year.
Most companies facing financial difficulties still come from trade, 9,564 going insolvent, but also from construction works, 3,576, hotels and restaurants, 3,113, and processing industry, 2,918. Over the same period 118,241 new companies were created, 0.66 per cent lower on a year-by-year basis. Most companies were created in trade (34,000) and agriculture, forestry and fishing (in excess of 21,000). In late November there were about one million active companies.

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