In April 2019, 560 companies entered insolvency, compared with 523 in March and 486 in February, the same data showed.

The biggest decreases in insolvencies in January-April 2019 were recorded in the counties of Salaj (-78.26%), Botosani (-73.68%) and Sibiu (-60), and the biggest increases were recorded in Mehedinti (+91.67%), Gorj (+27.78%) and Olt (+26.09%).

In capital Bucharest, 366 companies went insolvent in January-April 2019, 36.01% fewer than in the year-earlier period.

Beside Bucharest, the counties seeing the biggest spike in new insolvencies are Bihor (155), Constanta (106), Timis (104) and Iasi (97).

The sectors of activity seeing the biggest declines in insolvency numbers were real estate transactions (-52.7%), cultural and recreational activities (-46.67%) and electricity and thermal power production and supply services sector (-45.83%).

The financial brokerage and insurance services sector saw a 125% surge in insolvency numbers.

Over 8,300 companies went insolvent in 2018, 8.77% fewer than a year before, according to Trade Registry data. Bucharest held the top spot by the number of companies going insolvent, with more than 1,600 firms, being followed by the counties of Bihor and Iasi, with 571 and 423 insolvent firms, respectively.