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Economic

Number Of Romanian Insolvencies Higher In November

The number of companies going insolvent in Romania in November increased by 15% on the month, to 2,062 from 1,783 in the previous month, according to trade registry data.

Andrei Cîrchelan · 22 decembrie 2011 · 1 min de citit

However, the number of companies that entered insolvency in the first 11 months reduced compared to the same period a year ago. Since the beginning of the year, a total 17,829 companies went insolvent, 9% less than 19,560 in January-November 2010.

Most companies going insolvent were active in retail, followed by construction and industry.

In the timeframe analyzed, there were a total 126,000 new companies registered, compared to 120,000 in the same interval of 2010.

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