Agriculture and animal husbandry, industry (production) and real estate are the main fields affected by insolvency in the first half of 2016, according to an analysis by Casa de Insolventa Transilvania (CITR) on companies of impact in the economy (companies with fixed assets exceeding EUR 1 million).
In the same period of 2015 the main areas affected were services, construction and trade.
In the first five months of this year, the number of companies impacting the economy that became insolvent fell by 9 percent compared to the same period last year. However, the size of affected businesses was 200 percent larger. Thus, during this period, 95 companies with fixed assets of over EUR 1 million became insolvent, compared to 104 in the …
Read the full article at: http://www.business-review.eu/news/romanian-companies-becoming-insolvent-are-larger-though-fewer-says-citr-109416