A total 5,365 firms were insolvent at the end of January-July 2017 period, while in July 2018, 751 firms were insolvent countrywide.
The biggest declines in January-July 2018 were registered by the counties of Olt (-53.25%), Botosani (-45%), Dambovita (-39.71%) and Covasna (-33.3%). At the opposite end of scale are the counties of Satu Mare (+75,3%), Caras Severin (+61.5%) and Salaj (+57.6%).
Capital Bucharest saw 1,034 firms going insolvent in the first seven months of 2018, 13.3% fewer on the year.
Besides capital Bucharest, the counties seeing the biggest number of insolvencies in the analysed period were Bihor (349), Timis (284), Cluj (186) and Brasov (179).
By sectors of activity, significant declines in insolvency numbers were registered by the extractive industry (-42.4%), financial brokerage (-40%) and water distribution (-26.2%), whereas, the sector of real estate transactions saw a 45.5% surge in insolvency numbers and the sector of hotels and restaurants saw a 20.7% increase.
Over 9,100 companies went insolvent in 2017, 8.7% more than a year before, according to Trade Registry data. Bucharest held the top spot by the number of companies going insolvent, with more than 1,700 firms, being followed by the counties of Bihor and Iasi, each with more than 500 insolvent firms.