The number of insolvent companies and sole traders in Romania increased by 6.82% in Q1 2021, y-o-y, to 1,410 insolvencies, according to data published on the website of the National Companies Registry (ONRC).Most of the insolvent companies and sole traders were reported in Bucharest (297), up 112.14% from Q1 2020. Next in the insolvency rank are the counties of Cluj (130 insolvencies, up 94.03%), Bihor (108, down 20%), and Timis (75, down 3.85%).
The least insolvencies were registered in the counties of Harghita (5), Vaslui, and Neamt (6 each).
By business fields, the highest number of insolvencies was reported in wholesale and retail trade; repair of motor vehicles and motorcycles (424, up 19.1%); construction (231, up 4.52%), and manufacturing (169, down 5.06%).
In March 2021, 623 insolvencies were recorded, most of them in Bucharest (130) and in the counties of Cluj (52), and Timis (41).