The three companies posted almost 3 billion lei (EUR675 million) revenue in 2015, according to the latest publicly available data, and their revenue puts them among the biggest insolvency cases. ZF has found the ten largest companies that went insolvent in 2016 and in the first two months of this year posted RON4.7 billion revenue together and had almost 7,000 employees.
While the biggest insolvency of the Romanian entrepreneurial sector in 2016 was pharmaceutical wholesaler Polisano, part of the pharmaceutical group medical doctor Ilie Vonica (d. 2014) in Sibiu, this year Romcab, Transenergo COM and Areloc Power’s insolvencies are much bigger than Polisano’s because of how high the revenues of these companies were.
Polisano’s pharmaceutical wholesaler posted RON527 million revenue in 2015.
(English version by Loredana Fratila-Cristescu)