The company’s analysts believe the number of struggling companies is likely to surpass 150,000 this year, from 133,000 in 2023, amid the fallout from tax hikes, persistent inflation and faster sales decline.
“There are hundreds of companies that chose to prepare their businesses for times of crisis, cut their exposures and seek backup financial solutions. This is good news, from the perspective of limiting a possible negative exposure of Romania to the fallout of a potential international crisis, but quite bad news for business dynamics, in general,” stated Ovidiu Neacsu, a coordinating partner at Sierra Quadrant.
In line with an opinion survey Sierra Quadrant carried out at the end of 2023, 3 of 5 respondents (62%) have financial operation restructuring and optimization as their main objective for 2024.
(English version by Catalina Apostoiu)