05.14.2012

The number of companies going insolvent in the first four months in Romania dropped by over 20% to 5,625 from 7,192 in the same period in 2011, according to Trade Registry data released Monday. more

05.14.2012

Can Serv, owner of Romanian supermarket chain Primavara, has entered insolvency procedures after the Bucharest Court upheld its insolvency claim at the end of last week. more

04.12.2012

The number of companies going insolvent in the first three months in Romania dropped by 13% to 4,414, from 5,082 in the same period of 2011, according to Trade Registry data. more

03.29.2012

The number of Romanian companies going insolvent in the first two months of the year narrowed by 10% compared to the same interval of 2011, to 2.608, with firms in retail and construction taking the more

03.28.2012

The Bucharest Court approved an insolvency claim filed by Cyprus-registered BJJ Universul Development, owner of landmark building Palatul Universul in Bucharest, since it is unable to pay debts worth more

03.26.2012

Murfatlar Romania, one of the top local winemakers, is officially insolvent after the Constanta Court (SE Romania) approved its claim to this end. more

03.20.2012

The Bucharest court allowed an insolvency claim filed by a creditor against residential complex Laguna Residence, developed by Spanish GEA International Development. more

03.15.2012

The Sibiu court on Wednesday allowed an insolvency procedure request filed by construction company Concefa Sibiu (COFI.RO), according to a memo posted on the Bucharest Stock Exchange. more

03.13.2012

Leonardo, the largest local footwear and leather items retailer, which went insolvent in the second half of 2009, sold more than 4 million pairs of shoes at an average price of EUR18/each last year. more

03.01.2012

The return of the local stock market to growth, which reached the high of the last seven months on Wednesday, is giving hope to insolvency firms that the economy would resume growth and investors more

02.29.2012

Companies managed by liquidator Casa de Insolventa Transilvania (CITR) have debts worth a total EUR1.9 billion and assets evaluated at EUR430 million, according to company co-founder Andrei Cionca. more

02.28.2012

The 12 largest residential compounds in and around Bucharest that went insolvent or bankrupt in the past three years consist of tens of buildings with over 4,000 homes, some finalized, other abandoned more

02.17.2012

The Bucharest court on Friday approved an insolvency claim filed by Micro Retail, the operator or retail chain mic.ro, controlled by local businessman Dinu Patriciu. more

02.16.2012

Romanian constructions company Concefa Sibiu (COFI.RO) Thursday said it will file for insolvency and expressed its intent to reorganize its activity. more

02.16.2012

Romanian businessman Dinu Patriciu surprised the entire retail market in 2010 when he “declared war” on foreign retail chains and started to develop the Mic.ro and Mac.ro stores (formerly Minimax more

02.15.2012

Romanian businessman Dinu Patriciu on Tuesday filed for the insolvency of his Mic.ro Retail company and the court date was set for Thursday, February 16. more

01.24.2012

Romania's Trade Registry Thursday said 19,651 companies filed for insolvency in the 2011, down 10% from 21,700 companies in the year before. more

01.12.2012

At least 20 Minimax Discount stores, held by Romanian businessman Dinu Patriciu, are closed for customers, and their future is in doubt. more

01.12.2012

The Romanian unit of Israeli dairy maker Tnuva, the company's only expansion outside Israel, was backed by a total investment of EUR55 million, and it leaves behind a plant, a cattle farm, eight-digit more

01.11.2012

Dairy maker Tnuva Romania’s bid for insolvency was postponed Tuesday, and the court will rule in the matter on February 21, a deadline by which the company may be foreclosed for debts worth more more

01.10.2012

Dairy maker Tnuva Romania, part of Israeli group Tnuva, filed for insolvency on January 6, reportedly because of piling up losses. more

01.06.2012

Bankers and insolvency firms’ agenda for the coming month includes auctions for foreclosed properties appraised at EUR36 million, reveals a ZF survey of the ads published by the top ten banks on the more

12.16.2011

About a decade ago, pastry shop chain Fornetti, the largest network of pastry kiosks in Romania (1,100) entered the local market. A week ago, the chain filed for insolvency under the pressure of loans more

12.12.2011

Romanian dairy maker Prodlacta Brasov (PRAE.RO) has entered into insolvency proceedings after a local court approved in November the request filed by the company’s legal administrators. more

11.28.2011

Companies that went insolvent in Romania by the end of October this year have a cumulated turnover of 12.7 billion lei (some EUR3 billion), compared to RON15.7 billion in the same interval of the more