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

BR Magazine | Latest Issue

Download PDF or read online: July 2023 Issue | Business Review Magazine

The July 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “At a Crossroads: Budget Deficit Endangering Romania’s Economic
Newsroom | 31/07/2023 | 14:14

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of

    I agree with the storage and handling of my data by

    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue