Romania is expected to experience an upsurge in corporate insolvencies in 2019, with bankruptcy levels forecast to rise by 3%. This is due to a slowdown in economic growth to around 3-3.1% this year, and a predicted drop below 3% in 2020. Romanian firms are facing challenges such as rising labour supply constraints and elevated policy uncertainty. The proportion of total B2B sales made on credit in Romania has increased, likely reflecting efforts to stimulate B2B sales on foreign markets. This is supported by the fact that Romania is one of the top 5 export partners for electrical machinery, equipment, vehicles, machinery including computers, mineral fuels including oil, and furniture.
