State companies in Romania fail to pay their commercial debts more often than private companies, according to a recent report from the Romanian Central Bank (BNR), quoted by Hotnews.ro.

The rate of nonpayment such debts is of 15% for private firms, and of 44% for state-owned companies. Construction, agriculture and real estate companies have the highest nonpayment rates – 21, 19 and 19%, respectively. Meanwhile, Romania had 10.7% more insolvent companies in 2013, some 29,500 firms.

The rate of non-performing loans was up 2.5% between December 2012 and August 2014, to 22%, but it is expected to go down as banks will remove bad loans from their balance sheets.

The full report from BNR is here - in pdf, in English.

editor@romania-insider.com