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Articles - insolvency

Number of insolvencies drops 20.65 percent in first eight months

A number of 5,455 companies entered insolvency in the first eight months of this year, decreasing by 20.65 percent compared to the same period of 2015, the National Trade Register Office (ONRC) data reveal.

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Insolvencies down by 22.54 pct in the first seven months of 2016 in Romania

Some 5,058 companies have become insolvent in the first seven months of 2016, dropping by 22.54pct against the same period of 2015, a release by the National Trade Register Office (ONRC) informs.

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High number of insolvencies caps 2011- 2015 economic growth at 3 pct

Over 5,000 local companies became insolvent in the first seven months of the year, down 22.5% compared to the same period in 2015.

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Romania records biggest decrease in insolvencies among CEE countries

Romania has recorded the strongest decrease in the number of insolvencies among countries in Central and Eastern Europe, a study by Coface reveals. The almost – 50 percent decrease was due to several favorable conditions, such as the fiscal stimuli the country benefitted from.

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Romanian companies becoming insolvent are larger, though fewer, says CITR

Agriculture and animal husbandry, industry (production) and real estate are the main fields affected by insolvency in the first half of 2016, according to an analysis by Casa de Insolventa Transilvania (CITR) on companies of impact in the economy (companies with fixed assets exceeding EUR 1 million).

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BRD requests insolvency of EMCT România SRL

BRD Groupe Societe Generale is asking for EMCT România SRL’s insolvency, the developer of real estate projects in Romania such as Sun Plaza and the first hypermarket in the country.

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CTP abandoned the acquisition of Swan Office project in Bucharest

Logistics spaces developer CTP has abandoned the acquisition of the office project Swan Office Park. The company that built the project entered insolvency in 2013.

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Large real estate complex near Bucharest to be liquidated by insolvency house

The insolvency house Euro Insol was appointed the judicial liquidator of the real estate complex Green City, located in the Ilfov county, near Bucharest.

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