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The number of companies deregistered nationwide decreased by almost 25% in the first 11 months of 2020 compared to the same period last year, to 23,341 as compared to 31,217 deregistrations January to November 2019, shows the statistical data of the National Trade Register Office (ONRC).
Most deregistrations were registered in Bucharest - 4,499 (by 17.66% fewer than in the first 11 months of 2019) and in the counties of Timis - 1,215 (-23.25%), Cluj - 1,154 (-22.39%) and Constanta - 1,136 (-25.90%).
No county recorded an increase in the number of dissolved companies in the first 11 months of 2020. The counties with the fewest deregistered businesses were Vrancea (-4.40%), Mures (-7.53%) and Arges (-9.96%), while the most significant decreases were registered in Caras-Severin (-56.48%), Teleorman (-48.01%) and Bistrita-Nasaud (-42.77%).
By fields of activity, the highest number of deregistrations was recorded in wholesale and retail trade, repair of motor vehicles and motorcycles - 6,831 nationwide (down by 26.32% compared to the same period of 2019). Constructions and professional, scientific and technical activities are two other fields of activity where a large number of company dissolutions were registered, namely 2,249 (-26.33%), and 2,245 (-17.77%), respectively.
In October 2020, as many as 2,022 deregistrations were recorded, most in Bucharest (449) and the counties of Cluj (102) and Timis (95).
