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Study on the status of insolvencies in Romania for the first nine months of 2014

9 month insolvencies

Coface’s analysis, based on the data provided by the National Trade Register Office, indicates that during the first nine months of this year 15.575 new insolvencies were registered, down by 17% compared to the same period of 2013 (when 18.735 new insolvencies were opened). The contraction registered at the end of September is in line with the forecasts announced by Coface at the end of the first semester, ie a reduction of 15% of the insolvencies for the entire year.

From a sectorial distribution point of view, Constructions, Textiles, HORECA, Mining and Quarrying Industry and Transports sectors are still within Top 5 ranks by considering the number of insolvencies reported at 1,000 active companies.

The geographical distribution of the insolvent enterprises in the first nine months of 2014 has undergone several changes vs. the same period of last year, but it is maintaining the same trend observed in the first semester. Thus, Bucharest remains the only region where insolvencies increased in the analyzed period (+24%), while the rest of the regions have registered a decrease of this indicator.

In the payment discipline can be seen improvements in the analyzed period, the figures indicating a reduction in terms of both value and number of defaulted payment instruments vs. the same period of last year. 

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