Coface Romania: Number of insolvencies continues to decline in Q3 2014

Coface’s analysis, based on the data provided by the National Trade Register Office, indicates that during the first nine months of this year 15.575 new insolvencies were registered, down by 17% compared to the same period of 2013 (when 18.735 new insolvencies were opened). The contraction registered at the end of September is in line with the forecasts announced by Coface at the end of the first semester, ie a reduction of 15% of the insolvencies for the entire year.
From a sectorial distribution point of view, Constructions, Textiles, HORECA, Mining and Quarrying Industry and Transports sectors are still within Top 5 ranks by considering the number of insolvencies reported at 1,000 active companies. Although the following sectors “Production & supply of electric and thermal energy, gas & water” (first position) and “Sewage and refuse disposal; sanitation and similar activities” (position 6) are included in the top, their position is due to a positive base effect, among a small number of new registered companies.

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