07.14.2025

Montecristo Retail RO SRL, which operates the Kenvelo, Lee Cooper and Timeout store chain in Romania, has gone insolvent, as decided by the Ilfov Court of Law. more

06.26.2025

Hidroserv, a subsidiary of Romania’s biggest energy producer, Hidroelectrica, dedicated to maintenance and repair works on hydrotechnical infrastructure, has exited insolvency after almost nine more

05.28.2025

Techtex SRL, a company specializing in technical textile production, part of Taparo group, one of the largest entrepreneurial businesses in the upholstered furniture sector, has entered insolvency. more

03.14.2025

The number of companies that filed for insolvency in 2024 increased by more than 9% over 2023 and reached 7,274. Of them, 141 are companies likely to make an impact on the economy, with assets of more more

02.11.2025

Somproduct, one of the largest online retailers of furniture and home décor in Romania, filed for insolvency at the end of last year. At the same time, Cadar Capital SRL, another company of the group more

12.31.2024

Furniture maker Taparo, which filed for insolvency in November, has sent the Maramures County Employment Agency (AJOFM Maramures) a notification about plans to fire 379 people or more than 40% of its more

12.09.2024

Rainwater and Roofing Systems Producer Raiko Transilvania (stock symbol: RKOT) has announced in a stock market report on Dec. 9 that it has entered insolvency proceedings following a ruling issued by more

11.15.2024

Taparo, a Maramures-based furniture manufacturer, has entered insolvency, in line with a decision by Maramures Tribunal. more

10.18.2024

Casa Rusu, the operator of the furniture stores by the same name has gone insolvent at the request of Rus Savitar, the company part of the same group that operates the furniture plant. The decision more

10.08.2024

The number of impact companies in imminent insolvency increased by 18% in 2024, to 8,190, and the number of impact companies in difficulty reaches the highest level since 2013, as per an analysis by more

09.06.2024

Swedish group Holmbergs Safety Systems, controlled by investment fund FSN Capital, has filed a request for the insolvency of its subsidiary in Romania, which it set up in 2020 by taking over local more

04.15.2024

Meat processor Angst Ro, held by the Minea family, has gone insolvent, data on the Bucharest Court of Law website show. more

02.26.2024

The shareholders of Romaero Bucuresti (RORX.RO), a state-run strategic company for Romania’s aerospace and defense industry, on Monday (Feb 26) designated the special administrator that will lead more

02.21.2024

The total number of insolvency proceedings in Romania reached 6,650 in 2023, flat on the previous year, when companies started 6,649 new insolvency proceedings, the latest Coface Romania survey shows. more

01.31.2024

Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), on Wednesday announced it had filed for insolvency with the Bucharest Court of Law, expressing intent to more

12.22.2023

Romaero Bucuresti (RORX.RO), a state-run strategic company for Romania’s aerospace and defense industry, on Friday notified the Bucharest Stock Exchange that it decided to file for insolvency with more

12.12.2023

Star Storage, a provider of cloud services and IT infrastructure, document digitization and automation, has announced it filed for insolvency in order “to restructure the debts accumulated during more

11.27.2023

Over 70% of real estate developers in Romania present a major insolvency risk amid rising challenges generated by falling real estate sales and hiked taxes, reveals an analysis conducted by consulting more

10.19.2023

The number of companies facing imminent insolvency in Romania grew to 6.949 in 2022, the highest level of the last 11 years and more than double the level of 3.069 such companies recorded in 2015, as more

08.03.2023

The company Miller Centre SRL has filed a petition with the Bucharest Court requiring the insolvency of online retailer Elefant.ro, with bonds listed at the Bucharest Stock Exchange, the retailer has more

05.09.2023

Premier Palace & Spa Hotel in Bucharest, held by Premier Palace, insolvent since 2019, has been put up for sale for EUR6.9 million, court appointed trustee Euro Insol announced. more

04.28.2023

In textile production, constructions and food industry, between 3 and 5 firms out of 100 are insolvent, with these being the fields of the Romanian economy where the weight of struggling companies is more

03.22.2023

Romanian low-cost airline Blue Air has entered insolvency at its own request, in line with data on the website of the Bucharest Municipal Court. more

02.06.2023

Electrocentrale Bucuresti SA (ELCEN), Bucharest’s main heat supplier, has announced the Bucharest Tribunal decided to close insolvency proceedings and reintroduce ELCEN in the economic circuit. more

01.13.2023

The Board of Directors of car parts manufacturer Altur Slatina during the January 12 meeting approved the decision of giving up the application to open general insolvency proceedings, after the more