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November 2025 Insolvencies: Construction and Restaurants Most at Risk

December 9, 2025

The last month of the year indicates that the Romanian business environment continues to face financial difficulties. Throughout the months of 2025, the number of insolvency files fluctuated, highlighting the dynamics of restructuring processes and the impact of economic conditions on companies.   According to the financial analysis platform RisCo, companies in Romania continue to face financial difficulties, leading to the opening of insolvency files and court proceedings. This trend is confirmed by data from November 2025, when the number of insolvency cases reached 985.   Compared to November 2024, when the number of insolvencies slightly exceeded 670 cases, November 2025 shows a 46.5% increase. This surge highlights an intensification of insolvency cases during the analyzed period. The roughly 47% growth suggests mounting pressure on the business environment. In November 2025, Bucharest recorded 213 insolvency cases. The steady month-to-month increase indicates that companies are struggling to cover their total expenses. This situation may be caused by declining revenues, rising operational costs, or potentially inefficient financial management. Another factor could be reduced consumer spending due to the growing pressure of taxes, fiscal obligations, and energy prices. Comparing November 2024 with November 2025 reveals a significant difference: from 159 insolvency cases (November 2024) to 213 cases (November 2025), representing a 34% increase.   At the same time, the upward trend in insolvencies reflects mounting pressure on the business environment caused by economic instability and persistent inflation—conditions that significantly undermine the stability and resilience of companies. Vaslui is the county with the largest increase in insolvency cases. According to RisCo.ro, in November 2025 Vaslui recorded 32 insolvency files. Although this number may seem small compared to other regions, it signals an unstable economic climate. From only 2 cases in November 2024 to 32 in November 2025, the county shows an alarming 1500% growth.   The next county is Sibiu: from 7 cases in November 2024 to 21 in the same month this year, reflecting a 200% increase. Significant increases also appear in Braila, Vâlcea, Alba, Arges, and Bihor.   In November 2025, Bihor registered 61 insolvency files, indicating a 126% rise. In the same month, Arges recorded a 129% increase, with cases reaching 32.   A 100% increase in November 2025 was observed in the following counties:- Timis – 48 cases (November 2025)- Mehedinti – 8 cases (November 2025)- Caras-Severin – 6 cases (November 2025) Given the current economic context and the challenges faced by many businesses, restaurants are among the sectors feeling the greatest pressure. Over the past 12 months, the number of insolvency files in this sector has increased by 208%.   Significant growth is also seen in the sector of electrical, sanitary, and other construction installation works (around 163%), followed by companies involved in the cultivation of non-permanent crops (160%), road freight transport and moving services (136%), and residential and non-residential construction works (approximately 94%). Thus, insolvency is not limited to a single sector; instead, we observe a broader trend affecting multiple areas of economic activity.  

The text of this article has been partially taken from the publication:
http://actmedia.eu/companies/november-2025-insolvencies-construction-and-restaurants-most-at-risk/117243
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