The latest study conducted by Coface Romania revealed that 7,274 new insolvency proceedings were opened in 2024, compared to 6,650 in 2023, marking a 9.38% increase. Among companies with a turnover above EUR 5 million, there was a 75% rise in insolvencies last year.
Denied payment instruments have increased both in value (+30%) and number (+17%) compared to 2023 but continue to remain below the levels recorded in 2019, Coface said.
The top 3 sectors in terms of the number of companies entering insolvency last year are wholesale and retail trade/repairs of motor vehicles and motorcycles (1,927), construction (1,510), and manufacturing (860). They retain a concentration of around 59% of the total number of insolvencies recorded in…
