Sierra Quadrant | Romania Feed

More than 16,000 companies shut down after the first four months of 2024, almost 3,000 more than in the previous year, marking a 12-year high, reveals a Sierra Quadrant analysis.

The quite gloomy economic outlooks at European level have raised the alarm level in the Romanian economy as well and part of large companies, particularly those with export operations, have resorted to preventive business restructuring in a bid to curb exposure to a possible negative financial impact, shows an analysis carried out by Sierra Quadrant.

A large part of companies in Romania, from micro-enterprises to large ones, will undergo a sizable business restructuring process in 2024 amid fiscal challenges and rising economic uncertainties, reveals a Sierra Quadrant survey.

The number of Romanian companies dissolved reached a record high of the last 15 years, of 19,442 businesses, according to an analysis by consulting firm Sierra Quadrant.