Straco and Apolodor add to the long row of insolvencies in constructions, a market which was strongly affected by the crises, therefore diminishing with 40 pct.

Straco Grup registered last year business of 340 million lei and a net profit. The company has around 500 employees, according to data from the Ministry of Finances.

The company was founded in 2003 and started with sector city halls contracts in Bucharest. In 2003, the company reached a turnover of 2 million lei and 872 million lei in 2012, a moment when the company started to fall. (source: zf.ro)