Half of Romania's hospitality businesses struggling with indebtedness ratio of 90-plus pct, 7 in 10 at high insolvency risk
Publicat:With over 50 percent of its companies struggling with an indebtedness ratio of over 90 percent, and seven out of ten businesses facing a high insolvency ratio in 2020, hospitality is definitely the Romanian industry most affected by the coronavirus pandemic, financial analyst Iancu Guda told a press conference on Wednesday."Hospitality is definitely the Romanian industry most severely hit by the pandemic. (...) The figures confirm a 39 percent drop in sales and a 77 percent plunge in the average profit in the industry. For you to understand the severity of these figures, let me tell you that sales…
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