A number of 8,371 companies became insolvent in Romania last year, down 18.5% compared to 2015, according to data from the Trade Registry’s Office (ONRC).

Most of the insolvency cases were recorded in Bucharest, namely 1,771, down 2.5% compared to 2015. The capital was followed by Bihor and Timis counties, with 422, respectively 406 insolvencies.

Based on the activity, most insolvencies were recorded in the wholesale and retail trade, as well as in the repair of motor vehicles and motorcycles, namely 2,555. The number dropped by 24% compared to the previous year.

In 2016, over 15,900 companies suspended their activity, down 10% compared to the previous year. Bucharest ranked first with 2,260 companies.

As for dissolutions, they rose by 7% in 2016 to 29,923. Bucharest saw most cases, with 6,590.

editor@romania-insider.com