Explosion of insolvencies: 7,274 companies became insolvent last year

*Insolvencies increased by 9.38% compared to 2023, with a major impact on large companies, according to the annual study conducted by Coface Romania *In the first eight months of last year, the number of insolvencies was 17.16% higher than in the period January-August 2023 *According to Coface Romania representatives, the situation was caused by insolvencies in companies operating in the residential construction sector *As for companies whose turnover exceeds 5 million euros, the number of insolvencies was 75% higher in 2024 compared to 2023

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