Over 2800 companies, authorised individuals have entered insolvency in first five months of 2022

The number of companies and authorized individuals (PFAs) that entered into insolvency increased by 11.43% in the first five months of 2022, compared to the same period of last year, with 2,808 insolvencies registered, according to data published on the website of the National Trade Register Office (ONRC).

The most dissolutions were registered in Bucharest, respectively 499 companies, but were down by 0.80% from the period of January-May 2022, when 503 dissolutions were registered.

On the insolvency hierarchy there are also the counties of Bihor, with 242 dissolutions, (+24.74%), Cluj - 186 (-13.49%) and Timis - 140 (+9.38%).

The least insolvencies were registered in the counties of Harghita, with 9 dissolutions, going up by 50% from the same period of 2021, Botosani - 13 (same as similar period in 2021), Covasna - 13 (minus 7.14%), Gorj - 13 (-45.83%) and Olt (+5.88%).

By field of activity, the largest number of insolvencies was registered in retail, wholesale, automobile and motorcycle repair, namely 727 (-6.07% from the first 5 months of 2021), construction - 551 (+34.72%) and the processing industry - 339 (+6.94%).

As many as 627 insolvencies were registered in May 2022.

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