The local business environment has lost at least 100,000 companies and 15% of firms with incomes over 1 million euros since 2008. At present a third of active firms are likely to enter insolvency, according to a Coface Romania study.
Only the most powerful have survived, but most companies were affected by turbulence in the last 6-8 years. Compared to 2008, Romanian companies are now in debt, have negative work capitals, commercial exposures two times higher and have a fragile self financing capacity. After the application of shocks like those of 2009, both financially and commercially, Romanian firms have a weaker immunity: 1 out of 3 companies will enter insolvency compared …
Read the full article at: http://actmedia.eu/daily/study-a-third-of-companies-may-enter-insolvency-in-case-of-new-economic-crisis/70282
