Romania had 16,499 insolvencies in 2008, while the estimate for the end of this year is about 8,300, or about half of the number recorded ten years ago.
According to CITR, at the same time, between 2016-2018, the number of companies entering insolvency annually remained constant, between 8,300-8,600. In the same period, the number of impact companies (with assets exceeding EUR 1 million) that went into insolvency stabilized between 175-200.
Of the insolvency impact companies, 20 percent went into the CITR portfolio on a yearly basis. As for the number of insolvency companies in the total number of companies, Romania has a percentage of 0.99 percent, in line with other European countries.
The Romanian insolvency market is a matur…