Insolvencies to decrease by around 14 per cent in the first months of 2014
The number of companies that became insolvent in the first four months of 2014 fell by 14.36 per cent to 8,889, from 10,379 in the same period last year, according to the National Trade Register Office (ONRC), quoted by Mediafax 2014-06-07 22:19:36 - From the Print Edition
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In April, 2,089 companies became insolvent, compared to 2,115 in March, 2,631 in February and 2,054 in January. Moreover, Bucharest, Prahova and Bihor recorded the most insolvencies in the first four months of the year – respectively 1,566 (an increase of 7.04 per cent compared to 2013), 565 (12.1 per cent more than in January-April last year) and 455 companies (up by 63.08 per cent). Nationally, 27 counties recorded decreases in the number of insolvencies, with percentages from 5.31 per cent to 74.18 per cent. Calarasi, Neamt and Salaj reported the fewest companies to become insolvent in the first four months - 35, 57 and respectively 52 cases. Moreover, according to ONRC, the most companies with financial difficulties are still those active in the trade field, 3,353 firms entering into insolvency, down from 3,625 in 2013, in constructions - 1,181 compared to 1,447 in the first four months of last year, and in manufacturing - 953, down from 1,162. Last year, over 29,500 companies became insolvent, thus, since the crisis, the number has reached approximately 130,000 companies which are unable to pay their debts.
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