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Articles - insolvency

Number of insolvencies down in January, but many companies suspend activity

A number of 662 companies filed for insolvency in the first month of this year, down 28.82pct compared to the same month of 2015, show the data with the National Office of Trade Registry (ONRC).

Romania’s new insolvency law leads to fewer insolvent companies

The new insolvency law, which entered into force in mid-2014, has reduced the number of businesses that entered insolvency.

Czech CTP in negotiations to buy Swan offices in Pipera

CTP Invest, one of the most active companies on the local market, which signed transactions of EUR 130 million, considers buying the office complex Swan Office & Technology Park in Pipera-Tunari area, near Bucharest.

Insolvencies drop, deregistration and closures surge in 2015

The number of insolvencies of Romanian companies decreased in 2015 by 50.38 percent, while deregistration surged by 23.39pc, dissolutions by 52.53pc and temporary suspensions of operations by 12.1pc, according to data released by the National Trade Register Office (ONRC).

Romanian construction companies post highest insolvency risk in CEE, says Coface

The Romanian construction sector has the highest share of companies at risk for insolvency among CEE countries, with 50 percent of the firms presenting a high risk level in 2014, concluded a study by Coface of the construction sector in Romania. Twenty seven percent registered a medium risk, while 23 percent were in the low range.

BelRom’s mall in Bacău, taken over by KBC Bank due to debts

Insolvent Hello Shopping Park in Bacău, developed by BelRom, was taken over by KBC Bank in Belgium, due to debts following a loan the bank credited the developer for the construction of the mall.

Number of insolvencies drops by half in Romania

The number of local companies that entered insolvency dropped by 52% in the first eleven months of 2015 compared to the same period of 2014, from over 19,000 to about 9,500.

Insolvency declined 52 percent in the first 10 months of 2015

The number of companies undergoing insolvency procedures in Romania declined 52 percent in the first 10 months of 2015, but write-offs were up 9 percent, business suspensions 6 percent and dissolutions 41 percent, according to official data with the National Companies Registry Office (ONRC).

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