The insolvency rate positions Romania third in CEE. More than 6,500 companies entered insolvency proceedings in 2022, a four-year high. The number of companies in default rose by 6.8% year-on-year and the upward trend is likely to continue.
According to Jaroslaw Jaworski, CEO Coface CEE, economic outlooks continue to be uncertain at least. Inflation will maintain way above the central bank targets and interest rates will rise, with a negative impact over companies’ solvency. As a result, the number of companies under insolvency should continue to rise in 2023.
(English version by Catalina Apostoiu)