However, the number of companies that entered insolvency in the first 11 months reduced compared to the same period a year ago. Since the beginning of the year, a total 17,829 companies went insolvent, 9% less than 19,560 in January-November 2010.

Most companies going insolvent were active in retail, followed by construction and industry.

In the timeframe analyzed, there were a total 126,000 new companies registered, compared to 120,000 in the same interval of 2010.

At the end of November, there were a total 947,433 companies active in Romania.