Four sectors in Romania, including real estate, most prone to insolvency risk

The Romanian insolvency firm CITR has analyzed the economic segments with the highest insolvency risk in 2015.

About 9,000 companies are in difficulties or run the immediate risk of insolvency, according to CITR. Around 3,100 of these are in the real estate, constructions, pharma or transport sectors.

Almost 2,000 real estate companies have liquidity problems. These companies generate annuals losses of EUR 945 million, according to CITR estimates. Construction firms with liquidity problems make over EUR 200 million in losses while transport companies, over EUR 65 million losses, and pharma firms, over EUR 53.3 million losses.

Casa de Insolventa Transilvania recently re-branded as CITR and created the CITR Group, which will include, among others, an investment fund called CIT Resources. (source: Romania-insider.com)