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Increasing number of insolvencies due to permissive legislation

The number of insolvencies surged to a record high in Romania, possibly because of the permissive legislation, Cristina Rusuleanu, general manager of Euler Hermes Services Romania (EHSR) said at the 4th edition of the ‘Conference on credit risk management' organized by ICAP Romania and Cycle European.‘If we are checking up the numbers, we will see that we had 14,000 companies facing insolvency in 2007 and 30,000 in 2012. ...

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