Study on the evolution of insolvencies in Romania - H1 2013
CONSTRUCTION, HORECA AND TRANSPORT WERE THE MOST AFFECTED SECTORS IN RELATION TO THE NUMBER OF ACTIVE COMPANIES
Construction, HORECA and Metallurgy are the sectors with the highest level of insolvencies opened in the first semester of this year in relation to the number of active companies.
We should mention that the same sectors were included in the 2012 top 5 insolvent sectors, which indicates the persistence of structural problems.
APPROXIMATELY 2/3 OF THE ANALYZED COMPANIES OF 2013 SHOW A VERY HIGH OR SIGNIFICANTLY ABOVE AVERAGE RISK OF INSOLVENCY
Analyzing the companies verified by Coface in 2012 and 2013, we noticed:
- Decreased risk assessment from 4.84 registered in 2012 to 4.42 in 2013, that indicates an increasing trend in the risk of insolvency for the analyzed companies;
- 14% decrease (on average) in the credit limit recommended for the analyzed companies;
- Both trends are observed for all the analyzed companies, regardless of their size, but especially for the companies with a turnover over 1 MEUR;
- The number of companies that have experienced a decrease within Coface’s risk assessment is 67% higher than the companies that have benefited from the improvement.
For further information regarding the evolution of insolvencies in Romania for H1 2013, we invite you to browse the entire study.
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