Romania Trade Registry: Company Insolvencies Down 10% In 2011
Romania's Trade Registry Thursday said 19,651 companies filed for insolvency in the 2011, down 10% from 21,700 companies in the year before.
Additionally, 21,221 companies halted operations last year, compared with 66,420 companies in 2010.
In December alone, the number of companies that defaulted on their debt fell to 1,822, from 2,062 companies in November.
Most of the companies that closed their doors in 2011 operated in the retail sector, followed by construction and manufacturing companies, the data showed.
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