Additionally, the number of companies that suspended operations in the first quarter fell 25.5% to 5,127, the data showed.
Most of the companies that closed shop in the first three months operated in the retail sector, followed by companies in constructions and manufacturing sectors.
Around 29,300 new companies were enrolled with the Trade Registry in the January-March period, down 2.46% year-on-year. End-August, the Registry included approximately one million active companies.