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Articles - insolventa

More than half of big companies in Romania, under imminent insolvency

About 60% of the companies with assets of over EUR 1.5 million are under imminent insolvency risk or in difficulty, said Andrei Cionca, general manager of insolvency firm CITR Group.

Coface: Number of insolvencies halve in Romania

The number of insolvencies decreased by 58% year-on-year in the first quarter of 2015 in Romania.

Green City residential assembly is put up for sale for EUR 20 mln

Green City residential complex, developed by the Green City Construct company, controlled by businessman Dumitru Bucsaru, was put up for sale by the judicial liquidator, who sells over 200 villas and the afferent land, individually or wholesale, in the latter case the price being set at EUR 20 million.

Insolvencies down by more than half in Romania

The number of insolvent companies dropped in the first two months of the year by 56% year-on-year. It reached 1,895, according to Romania’s Trade Register ONRC.

Number of insolvent companies, down by 54% in Romania

The number of businesses that filed for insolvency dropped in January by 54.72% year-on-year, reaching 930 units.

Insolvency proceedings drop by 29% in Romania

The number of insolvency proceedings opened last year fell by 29.4% to 21,367, compared to 30,282 in 2013.

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

Companies in the pharma, transport, constructions and real estate sectors are most prone to insolvency this year.

Insolvent real estate project in Romania posts EUR 76 mln debts

The real estate project Pipera City, currently under insolvency, has amassed EUR 76 million debts, EUR 27 million of which to the local bank Bancpost, reports local Wall-street.ro.

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