Insolvencies Study in Romania in 2012
RETAIL, WHOLESALE TRADE & DISTRIBUTION AND CONSTRUCTION - TOP 3 INSOLVENT SECTORS
Coface’s analysis, based on preliminary data available on the Bulletin of Insolvency Proceedings (BPI) in early January 2013, indicates that during 2012 the insolvency proceeding was opened for a total number of 23,665 companies with 10% more, compared to the same period of 2011 (21,449 new insolvencies) and with 20% more, compared to the same period of 2010 (19,650 new insolvencies).
For the third consecutive year, the first ten sectors registering the highest number of insolvent companies remain unchanged and the only modifications are related to the order in the top list, but with variations of one, maximum two positions. Thus, if in 2010 the Retail sector registered a number of insolvencies comparable to the Wholesale Trade & Distribution sector, in the last two years the Retail stood out, registering 2,512 newly opened insolvencies in the first nine months of the current year.
SE, S & NW - THE MOST AFFECTED AREAS IN ROMANIA
The territorial distribution of insolvency cases for 2012 has suffered important modifications compared to the existing situation of the same period of 2011.
Thus, the most affected three areas are SE, S, and NW, concentrating approximately half of the total insolvencies registered in the analyzed period, and two digit increases (+17%, +20%, +10%) compared to the same period of the previous year.
The only areas where the number of insolvencies registered in the current year decreased, compared to the same period of the previous year are in Bucharest and NE, which registered a decrease of 9.44% and 10.96%.
For further information regarding the evolution of insolvencies in Romania in 2012, we invite you to browse the entire study.
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