Romanian insolvencies stand twice higher than the East-Central Europe (ECE) average, according to the data presented this Wednesday by Coface representatives.
2017 brought 8,256 new insolvency procedures, an year-on-year growth by 3 percent. Despite the minimum from the last 15 years, Romania still has an average level of 2.4 percent of insolvent companies out of 1,000 active firms, meaning close twice over the ECE average. Its more important thus to evaluate the size of insolvent companies, from the financial losses perspective due to the creditors and the number of lost jobs. From this perspective, 2017 registered a certain stability of the insolvent companies with revenues of over EUR 1 million, respectively 326 firms, compared w…
Read the full article at: http://www.business-review.eu/news/romanian-insolvencies-stand-twice-higher-than-the-ece-average-157357
