The number of bankruptcies in Romania advanced by 55 percent year-on-year in the first three months and the number of newly-registered firms slipped by 34.4 percent, an effect of the economic downturn, according to data from the Trade Registry Office (ONRC).
The first three months of the year brought 4,948 bankruptcies, 1,771 more than in the similar period last year. The most affected companies were those with Romanian capital (4,247).
Companies in the retail industry, the car and motorcycle repairing and in the processing industry and real estate topped the list with bankruptcies. Most such cases were registered in Bucharest, 557.
What’s more, 34.4 percent less companies were set up in the first quarter this year, over the similar period last year. The number dropped to 18,738, out of which more than 9,900 in the retail and gross sales.
