Bankruptcies up 45% in 2006

Newsroom 14/09/2007 | 16:37

Agriculture was the second riskiest industry after commerce. Almost 1,400 companies in the field went bust last year. They represent 13.2 percent of the total number of bankruptcies.
The food and beverage industry follows agriculture in the Coface study. Almost 11 percent of the insolvent companies last year were active in this sector.
The construction industry climbed steeply in the chart, from tenth position in 2005 to the fifth last year. Construction companies were responsible for more than 5.5 percent of the bankruptcies in 2006.
At the other end of the line, the sector that has proven to be most stable is the services sector. Financial intermediation, IT, telecom, energy and real estate have also been relatively safe industries, each seeing less than 1 percent of the bankruptcies last year.
Geographically, most insolvencies occurred in Bucharest – 18. 5 percent – while the western part of the country provided the most secure business environment.

Ana-Maria David

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