Coface: Bankruptcies will double in Romania in 2008
According to data with Coface, the riskiest 10 industries in Romania are, besides the ones mentioned above, the food and drinks industry, the hospitality industry, services to companies, the textiles industry and agriculture.
At the same time, a rise in the risks of retail in electronics and electric home appliances, where the market is concentrated in the hands of the largest three players, has become visible. Coface points to the bankruptcy of Primex-Teknosa on a market far from maturity.
Coface is warning that for the time being construction, the riskiest business sector, is facing a liquidity crunch and a chain reaction is likely to ensue when a market incident occurs there.
The least risky fields, where the smallest number of insolvencies were recorded in H1, 2008 are electricity and heat generation and supply, water and gas, the metallurgy, financial brokerage, communications and IT.
There are currently 617,997 companies operating in Romania, 311,573 of which worked on a profit in 2007 and 306 on a loss.