10.13.2022

Parcel delivery company Nemo Express Logistic (Nemo Express) filed for insolvency on October 11, 2022, with two creditors – Capital Fleet Services SA and Premium Store SRL joining the move, ZF has more

07.26.2022

The number of companies that went insolvent in the first half was almost unchanged compared with the year-ago period, 3,580 compared with 3,033, a report by insolvency specialist CITR shows. more

06.02.2022

Energy supplier Getica 95, held by businessman Viorel Tudose, ended 2021 with a turnover of RON1.9 billion, up 25% from RON1.5 billion in 2020. more

06.02.2022

Trustul de Montaj Utilaj Chimic Bucureşti (TMUCB) - Bucharest Chemical Equipment Assembly Trust - one of the oldest privately-held Romanian companies and one of the largest companies in the more

02.21.2022

Almost 700 construction companies in Romania entered insolvency or bankruptcy in 2021, in line with Trade Registry data. more

01.17.2022

Romelectro, Romania’s largest energy project contractor, on Monday said it filed for insolvency proceedings in Bucharest Court on Friday (January 14). more

12.20.2021

On Tuesday (Dec 14), the Bucharest Court admitted the insolvency request of Romania’s National Uranium Company put in by Tinmar Energy, a firm held by businessman Augustin Oancea, according to more

11.01.2021

Santa Pharm, a company controlled by brothers Atilla Santa and Nandor Santa, which in late 2017 took over Brasov-based Europharm drug factory, two years after GB’s GSK closed down the unit, ended more

09.29.2021

The National Union of Insolvency Practitioners in Romania (UNPIR) has elected Niculae Balan for a new term as president, for a four-year period. more

08.03.2021

Corsar Online, a company held by entrepreneur Tiberiu Pop, which has posted net losses in each of the past three years, with a peak of RON3.5 million in 2020, filed for insolvency on August 2, more

07.28.2021

Almost 3,100 local companies went insolvent in the first half of 2021, over 30% more than in the year-ago period. more

06.29.2021

CITR, the leading insolvency practitioner in Romania, part of Impetum Group, has been appointed judicial administrator for the Diverta bookstore chain owned by businessman Octavian Radu, which more

06.25.2021

The ten largest companies in Romania to go insolvent in 2021 posted almost RON2 billion revenue last year and four of them even made profit. more

06.16.2021

Getica 95, the biggest local energy supplier on the competitive energy market, has filed for insolvency at the local court in Buzau on June 15. more

04.13.2021

Insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO) expects to exit insolvency at the end of 2021, way before the deadline stipulated in the reorganization plan, considering that the more

03.16.2021

Steel mill Liberty Galati said Tuesday it has the funds to cover the plant's current needs although the insolvency of investment fund Greensill, the main lender to its parent group, was more

01.29.2021

Fiscal facilities and the closure of courts due to pandemic restrictions led to a 42% drop in high-impact companies that accessed insolvency, from 139 in 2019 to 80 in 2020), according to an analysis more

01.29.2021

Fast moving consumer goods distributor Bere Bauturi Bucuresti (whose customers included Heineken and Coca-Cola), Midocar (the first importer of Volkswagen and Audi in Romania) and wire maker Dan Steel more

12.09.2020

The number of corporate insolvencies and restructuring processes have stayed low in Central and Eastern Europe (CEE) since the onset of the COVID-19 pandemic, except for Romania, which saw an increase more

12.04.2020

Romania is one of the main European suppliers of the major British fashion brands Debenhams, Topshop, Dorothy Perkins and Wallis, which have announced store closures or filed for insolvency in the more

08.24.2020

The number of insolvencies rose by up to 50% in June and July, compared with the year-ago period. more

06.22.2020

Cluj-based Oncos Group, under reorganization after insolvency, reported a 40% higher turnover for the first half of 2020 and maintains its objective to reach a 75-own store chain in the region of more

06.11.2020

Harbor operator Romcargo Maritim has exited insolvency one year after entering the procedure and will develop its business lines starting with the reopening of a regular ferry line to Turkey and more

03.05.2020

Insolvency specialist CITR seeks to expand on the international market in the next few months, and plans to get to Greece and Italy besides Cyprus where it already has a presence. more

02.19.2020

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