Insolvencies down 13.47 pc at 5 months

The number of companies that went insolvent during the first 5 months of the year diminished by 13.47 percent, to 11,030, from 12,747 a year ago, according to data released by the National Trade Register Office (ONRC). In May this year, 2,149 companies went into the payment default procedure, compared to 2,089 in April, 2,115 in March, 2,631 in February and 2,054 in January, ONRC informs. The highest numbers of insolvency cases were reported in Bucharest, Bihor and Prahova – 1,853 (up 7.05 percent against 2013), 717 (6.12 percent more than in January-May last year), respectively 551 (+86.15 percent). At country scale, 26 counties reported a decrease of the number of insolvencies, with rates between 3.32 percent and 70.7 percent. Calarasi, Neamt and Vaslui reported the fewer cases of companies going insolvent over the first 5 months of the year – 41, 61 and, respectively, 66 cases. The sector with most companies hit by financial troubles continues to be commerce, with 4,116 new insolvencies, down from 4,470 in 2013, followed by constructions – 1,509, compared to 1,934 during January-May last year, and processing industry – 1,162, down from 1,414.
Adding to this, in the first five months 7,546 firms suspended their operations, 30 percent fewer than in the similar interval of 2013. On the other hand, the number of newly founded companies diminished by 11.24 percent, to 46,772. Most companies registered in January-May operate in commerce (15,374), 8.25 percent less than last year. A high number of company registrations was reported in the sector of professional, scientific and technical activities (4,975) and constructions (3.878).


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