The most affected sectors in 2018 were construction (1,320 companies), retail (1,290 firms) and wholesale (1,230 firms).
As per a Coface survey, insolvency numbers are set to grow by at least 20% during the 2019-2020 period due to an unstable macroeconomic context.
The factors pointing to an increase in the number of insolvencies are the macroeconomic imbalances on the local market: long-term investments are outpaced by the amortization of assets, the capitalization level on decline, the loss of financial independence on the long run, the increase in systematic risk due to the extension of deadline for debt collection, and also the increasingly tightened U.S. monetary policy.