01.22.2014

More than 29,500 companies employing almost 150,000 people went insolvent last year, the highest level since 2008. The number of insolvencies went up 10% on 2012 and doubled compared with 2008. more

01.16.2014

The Diverta network now comprises 25 bookstores with an 8,000 square-meter retail area and sales of EUR11 million, compared with 62 units, totaling a 24,000-sqm area in 2010 and EUR22 million in more

01.16.2014

Bucharest Court ruled in favor of Carrefour Romania’s appeal against the insolvency decision made at the request of one of the company’s suppliers, at the end of 2013. more

01.15.2014

About 27,000 companies went out of business in Romania last year, up 10.4% compared with 2012, data from the Trade Registry showed Wednesday. more

01.12.2014

Romstrade, the building company controlled by businessman Nelu Iordache which entered insolvency proceedings more than a year ago, has sued Romania’s road authority CNADNR and Bucharest City Hall more

01.10.2014

Bankrupt shopping center Armonia Mall in Braila, eastern Romania, expects potential investors to submit bids starting this month, said Andreea Cionca-Anghelof, managing partner with Casa de Insolventa more

01.07.2014

Pamimai Distribution, a distribution company with revenue of 327 million lei (EUR74.3 million) in 2012, entered insolvency at its own request in 2013 after piling up debts of EUR7 million. more

01.06.2014

Bucharest Court will rule on January 15 on Carrefour Romania’s appeal against the insolvency decision made at the request of one of the company’s suppliers, at the end of 2013. more

12.31.2013

The Bucharest Court of Law has made Carrefour Romania insolvent at the request of one of the company’s suppliers. more

12.28.2013

The year 2013 witnessed insolvencies, several deals and the opening of new construction materials plants and malls. more

12.19.2013

Nawaf Salameh, founder and CEO of spirits producer Alexandrion Grup Romania, thinks Romania's insolvency law is the biggest mistake the country has made over the past years. more

12.17.2013

The number of companies that entered insolvency in Romania in January-November reached 27,119, 9% more than in the same period last year, and half of them operated in retail and construction, the more

12.01.2013

The number of firms in Romania with more than EUR1 million in turnovers, which entered insolvency in 2013, has increased and the upward trend will maintain in 2014, according to Rudolf Vizental, more

11.28.2013

The Bucharest Court Wednesday approved the insolvency request filed by firm Omilos Oradea, which owns Era Shopping Park in Oradea. more

11.22.2013

Thermal systems supplier Baxi Romania, part of Dutch-registered group BDR Thermea, has entered insolvency after the Ilfov Court approved its request early November. more

11.14.2013

Romania’s government has once again committed to refrain from adopting a long-delayed law on personal bankruptcy, arguing the measure would impair credit discipline, according to the country’s more

11.06.2013

The main flaws in Romania’s current legislation on insolvency concern the duration of proceedings, a low debt recovery rate and high costs, which the newly adopted regulations on insolvency do not more

10.29.2013

Some of the provisions of the government emergency decree regulating insolvency procedures are unconstitutional, Romania’s Constitutional Court ruled Tuesday. more

10.21.2013

About 1,734 Romanian firms defaulted on their debts in September 2013 and the number of insolvencies reached some 20.220 in the first nine months, up about 7% on the year, according to Trade Registry more

10.09.2013

The Romanian Ombudsman Wednesday has challenged the country’s recently adopted Insolvency Code at the Constitutional Court. more

10.08.2013

Romania’s new Insolvency Code, to take effect on October 25, will impact small- and medium-sized companies, whose reorganization can’t be carried out in only one year, and will push them into more

10.05.2013

Romania’s new Insolvency Code was published in the Official Journal Friday and will take effect on October 25. It will also apply to insolvency requests currently under analysis. more

10.02.2013

Romania’s Government said Wednesday it has approved a new Insolvency Code. more

09.27.2013

Insolvent residential project Citadella Titan in Bucharest could be put up for sale for EUR6.85 million, according to the reorganization plan approved by creditors. more

09.26.2013

Casa de Insolventa Transilvania (CITR) has been designated the judicial administrator for construction company Alpine SA, part of Austria’s Alpine group, undergoing bankruptcy. more