Larger companies threatened by insolvency in Romania – Business Review

A study by CITR shows that over 50 percent of companies of impact in the Romanian economy (having assets exceeding EUR 1 million) are in difficulty. Although the number of insolvency cases has declined in the past three years, over 50 percent of companies falling into insolvency reported a double loss and an increase in indebtedness in 2015 over 2014.

The macroeconomic indicators have reported an increase in 2015, and the market in Romania garnered the attention of foreign investors, principally through NPL portfolios of loans traded in the market. Looking strictly at quantity, insolvencies have decreased in number and there are significant investor cash allocations for the Eastern European market. But the Romanian economy is one of…