The number of companies that went into insolvency fell by 33% in the first four months

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The number of suspended companies decreased by 39% in the first four months, compared to the same period last year, reaching 3,323, and that of companies that went into insolvency also decreased by 33%, also to 3,323, according to the new KeysFin study Quarterly Macro Update.

At the same time, write-offs and dissolutions decreased by 35% in the first months, compared to the same period in 2019, to 23,550, and the number of active entities (PFA and legal entities) increased this year by 4%, to 1.38 million on April 30, 2020, according to Agerpres.

According to the study, most of the suspended companies are from the sectors: trade (973 companies, respectively 29% of the total), professional activities (287 companies, respectively 8.6% of the total) and manufacturing industry (247 companies, respectively 7.4% of the total).

From a geographical point of view, most of the suspended companies are registered in Bucharest (320 companies, respectively 9.6% of the total), Cluj (182 companies, respectively 5.5% of the total) and Bihor (165 companies, respectively 5 % of total).

“As expected, against the uncertainties generated by the coronavirus pandemic, company registrations decreased in the first four months of this year by 47% compared to the same period in 2019, to 29,780 newly established companies,” say the study’s authors.

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