April 4 (SeeNews) - The number of insolvent Romanian companies increased by 13.5% year-on-year to 1,120 in the first two months of 2024, the country's trade registry office, ONRC, said.
Despite falling by 8.8% on the year to 207 in January-February, the highest number of insolvent companies and legal entities was registered in Bucharest, ONRC said in a data release on Wednesday.
The highest number of insolvent companies was registered in the wholesale, retail and motor vehicles servicing sector - 286, down by an annual 6.5%, followed by construction with 230, up by 25%, and manufacturing with 146, up by 39%.
At the end of 2023, there were 6,650 insolvent companies in Romania, virtually unchanged from 6,649 recorded a year earlier.