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.
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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