”Capitals current reach nearly 30%, compared with 80% in the 1990s. Other causes of the financial problems imply an improper management of liquidity. There is high lending potential in Romania. There are 10,000 high-performance companies in Romania, which withstood the crisis,” Dragu said at the conference „The Value of Second Chances: entrepreneurial stories and solutions for companies in difficulty”, organized on Wednesday by insolvency practitioner Casa de Insolventa Transilvania (CITR) Group and Ziarul Financiar
Many companies have been established over the last 22 years, and the number of active firms doubled (from 300,000 firms in 1994 to 600,000 firms in 2015). There also are inactive firms, with a negative turnover (26%), firms with zero employees (46%) and firms with negative equity (45%).
In 2015, a total 219,000 companies registered losses of RON36 billion; 60% of them posted negative results over the last three consecutive years and 20% ended in the red over the last five years. The top 100 companies cumulate a third of overall losses.