In the timeframe analyzed, 10,275 companies suspended activity, 70% less than 34,369 in January-May 2010.
In May alone, there were 1,985 insolvencies, compared to 2,110 in the same month of 2010.
Most companies going insolvent were active in retail, followed by those in the manufacturing industry and those in construction.
In January to May, 55,000 new firms were registered, compared to 49,000 in the same period a year ago.
At the end of May, there were over 900,000 companies regsitered in Romania.
In the whole of 2010, the number of insolvencies reached 21,692, slightly more than 19,894 in 2009.