Insolvencies of companies and PFAs, up by 8.73 pc in 2017

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The number of insolvent companies and authorized persons (PFAs) increased by 8.73 percent in 2017 compared to the similar period in 2016, to 9,102 units, according to National Trade Register Office (ONRC) data.

Most of the companies and PFAs in insolvency are from Bucharest, 1,988 respectively, up 12.25 percent compared to January – December 2016, followed by Iasi County with 583 (+ 11.90 percent) and Bihor – 515 cases (-6.70 percent).

Most insolvencies were in the wholesale and retail trade, repair of motor vehicles and motorcycles – 2.823, up 10.49 percent.

Also 16,380 companies suspended their activity (+ 2.9 percent), and 31,197 were dissolved, increasing by 4.26 percent.

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