Thus, more than 5,500 companies went insolvent in the first semester, down 57% compared with the same period a year before. Most companies operate in the retail and wholesale trade and construction sectors, according to credit insurance company Coface.
A number of 1,006 companies in the retail sector, 1,005 companies in the wholesale sector and 893 constructions companies went insolvent in the first semester.
The following sectors accounting for the highest number of insolvencies are HoReCa (hotels, restaurants and catering), transports, agriculture, wood and wood products processing, textile, garments and shoes manufacturing as well as the metallurgic sector.
“In most of Coface surveys on the development of insolvencies, the first ten sectors accounting for the highest number of insolvencies are mainly the same, the only changes being in terms of the order, with little changes. As for the insolvencies registered over the past five years, the volumes are concentrated in the first three or five economic sectors,“ the survey added.
Thus, the share of the first three sectors accounting for highest number of insolvencies in absolute value has varied over the last five years between 50% and 54%, while for the first five sectors varied between 65% and 70%, according to the survey.
“The share of insolvencies is not accidental and is caused by structural factors such as the sectorial distribution of all active companies countrywide. Thus, the first five sectors accounting for the highest number of insolvencies have a similar share based on the total active companies.“
(English version by Manuela Panescu)