„It is important to understand the impact on the business environment. The loss caused to creditors rose to RON9.6 billion in 2017, up 13% on the year. It is the first time that five companies in the energy supply sector have been among the top ten insolvent firms”, said Iancu Guda, services director Coface Romania.
The top five insolvent companies in 2017 include Transenergo, Romcab, Arelco Power,a KDF Energy and Fidelis Energy.
A total 326 firms with revenue of over EUR1 million went insolvent in 2017, fewer by seven firms than in 2016.