The number of companies that became insolvent in the first quarter of this year dropped by 57% year-on-year. It reached some 2,800, according to Romania's Trade Registry's Office (ONRC).

Compared to February this year, the number of companies that entered insolvency increased by 52% in March.

Bucharest recorded the highest number of insolvencies, with 576, down by 51%. It was followed by Constanta, with 145 insolvencies, and Bihor and Maramures, with 143 insolvencies.

In the first quarter of the year, some 29,500 individuals and companies registered, up 0.9% compared to same period in 2014.

editor@romania-insider.com