The biggest number of new insolvencies was registered in Bucharest (1,514) and counties Bihor (521) and Timis (412), while the fewest new insolvencies were in Covasna (44), Salaj (48) and Botosani (51).

Drops in insolvency numbers in the first eleven months were registered in water distribution, cleaning services and insurance, as businesses in these sectors posted 36% fewer insolvencies.

On the other hand, 171 real estate companies went insolvent in January-November, 43% more than in the same period last year.

Overall, the largest number of new insolvencies was registered in retail (2,428), construction (1,184) and the manufacturing industry (916), the data showed.