The latest Coface Romania study shows that in the first six months of 2021, 3,033 new insolvency proceedings were opened, 23 percent above the level recorded in the same period of the previous year. Insolvencies opened in the first half of this year have returned close to the level before the Covid-19 pandemic and are expected to increase by at least 10 percent over the previous year. The number of employees reported by insolvent companies in the analyzed period is 11,294.
The financial losses caused by insolvent companies in the first half of 2021 were almost RON 2 billion, 5 times below the corresponding level of 2015 and the lowest in the last decade. There is a gradual decrease in the number of insolvent companies with revenues of o…
Read the full article at: https://www.thediplomat.ro/2021/08/12/insolvencies-in-romania-up-by-23-percent-in-first-semester-coface-study/