09.13.2016

The Bucharest Court decided on September 9 to close the judicial reorganization procedure at rail transport operator Servtrans Invest S.A, following a request submitted by judicial administrator Euro more

09.05.2016

The Romanian agriculture sector was highly affected by insolvency in the first six months of 2016, as the number of companies with major impact on economy that went insolvent rose 34-fold from the more

09.04.2016

Travel agency Mareea Comtur announced that it went insolvency and could no longer meet the commitments undertaken, starting Saturday, September 3, 2016. more

08.12.2016

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06.27.2016

The number of companies that went insolvent in Romania in the first five months of 2016 dropped by 21.8% compared with the same period a year earlier, to 3,720, according to Trade Registry data. more

06.23.2016

State-run energy holding Complexul Energetic Hunedoara entered insolvency again on Thursday, while GMC SPRL Craiova was reappointed as judicial administrator, to the detriment of Euro Insol, which was more

06.21.2016

The Bucharest Court on Tuesday ruled on the exit from insolvency of Romania’s state-owned hydropower producer Hidroelectrica after a four-year insolvency process during which the company’s more

06.16.2016

The number of companies with impact on economy that went insolvent in Romania in the first five months of 2016 dropped by 9% compared with the same period a year earlier, from 104 to 95, according to more

05.11.2016

Romanian pharmaceutical company Hexi Pharma, involved in the recent scandal with diluted disinfectants used in Romanian hospitals, filed for insolvency on May 10. more

05.04.2016

The number of companies that went insolvent in Romania in the first quarter of 2016 dropped by 20% to 2,304 on the year, according to Trade Registry data released Wednesday. more

04.08.2016

Romsys, one of the largest actors of the local IT solutions market held by Austria’s New Frontier Holding, went insolvent at the end of March, according to a ruling of the Bucharest Court of Law. more

04.06.2016

Bucharest Court has admitted the insolvency request of Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO), according to Euro Insol company, which was appointed judicial administrator. more

02.23.2016

All indicators of Romanian state-run energy holding Complexul Energetic Oltenia point to insolvency, as the company faces huge losses and debts, but an insolvency process assumed in due time and more

02.09.2016

Insolvency practitioner Casa de Insolventa Transilvania (CITR) has recovered and distributed nearly EUR200 million towards the creditors of companies in its portfolio, over the last three years, of more

01.07.2016

Hunedoara Court on Thursday admitted the insolvency request filed by state-run energy holding Complexul Energetic Hunedoara and appointed GMC SPRL Craiova as judicial administrator. more

12.29.2015

The Board of Directors of state-run energy holding Complexul Energetic Hunedoara decided on Monday, after the working visit of Energy Minister Victor Grigorescu, to file for voluntary insolvency of more

12.23.2015

The Romanian Government on Wednesday adopted an emergency ordinance putting off the enforcement of the personal bankruptcy law until December 2016, said the Executive spokesperson Dan Suciu. more

09.15.2015

Sibiu-based DIY retailer and construction material distributor Ambient received court approval Tuesday to enter insolvency. more

09.15.2015

Companies on Romanian retail and wholesale trade as well as the constructions sectors account for 53% of all insolvencies on the local market. more

09.11.2015

Romanian state-run energy holding Complexul Energetic Hunedoara may enter insolvency anytime, considering its difficult situation and the large number of insolvency requests, Energy Minister Andrei more

09.10.2015

More than 120,000 companies or 20% of all the companies in Romania and over 25% of those active in the country have gone insolvent since 2010. more

09.02.2015

The number of insolvencies among Romanian companies declined 57% on the year in January-June 2015, with most insolvencies among businesses operating in textiles, constructions and the hospitality more

09.01.2015

Sibiu-based do-it-yourself retailer and construction material distributor Ambient has filed a petition with the Sibiu Court, asking for insolvency with the option for reorganization. more

09.01.2015

More and more businesses with turnovers of more than EUR1 million go insolvent, even though the number of insolvencies is on the decline, and the average insolvency rate in Romania is four times more

08.19.2015

Eight major Romanian-held builders, whose cumulated revenue would reach about 3.6 billion lei (EUR814 million) in their heyday, have gone insolvent in the past three years, given the 40% decline of more