Coface: Insolvencies Declined 58% In 1Q But Layoffs Increased 24%

04.29.2015 By Oana Gavrila

The number of insolvencies among Romanian companies dropped 58% on the year in the first quarter, after a 28% decline in 2014, but with a major social and financial impact as layoffs increased 24%, said Iancu Guda, economic analyst at Coface.

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Keywords:
COMPANIES
, INSOLVENCY
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