At the national level, the “star” field in terms of suspensions, dissolutions, and deregistrations in the first ten months of this year is the wholesale and retail trade, where more than 65,000 enterprises are in the liquidation stage.

The most affected sectors, if we consider the large amounts traded in previous years, are construction and real estate, where the financing shortage led thousands of companies to freeze their activities.

There are several reasons for this situation: the credit crunch, lack of cash injections from the government in infrastructure, as well as delays in settling receivables, the President of the Romanian Association of Construction Entrepreneurs, Laurentiu Plosceanu, told Business Standard.

In immediate connection to the construction sector, the real estate market also lost thousands of enterprises, over 13,000, to be precise, four times more than last year. “It was to be expected to have so many suspended, deregistered, or dissolved companies, considering that the real estate market was one of the most affected by the financial crisis. The figure is strictly related to the decline in the volume of activity and the drastic drop in the number of real estate transactions. And probably, their number [Ed. n. – the number of suspensions, deregistrations, and dissolutions] will increase by year-end,” said Daniel Clenciu, Vice President of the Romanian Association of Real Estate Agencies.