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Articles - insolvency

Alpine headquarters in Mogoşoaia, on sale again for EUR 1 million

Casa de Insolvenţă Transilvania, the judicial administrator of the constructor Alpine SA, put on sale the Austrian company’s headquarters which is locally insolvent, for less than one million Euros.

10,000 sq. m plot owned by Ana Residences, put on sale by ANAF

A plot of 10,000 sq. m, situated in Bucharest’s sector 1, was put on public sale by ANAF.

Insolvencies down by half in 2015 but larger companies file for the procedure, says CITR

Over the past year the number of insolvent companies has gone down by half but the impact of these insolvencies on the economy is nevertheless higher as larger companies than before are now filing for the procedure, according to information from insolvency consultancy CITR.

DIY retailer Ambient files for insolvency after restructuring fail

DIY and building materials distribution company Ambient Sibiu filed an application for entry into insolvency with a reorganization option, according to Mediafax.

More new companies, fewer insolvencies in Romania

Almost 72,000 new companies have been registered in Romania in the first seven months of this year, 13.6% more than in the same period of 2014, according to data from the National Trade Registry’s Office – ONRC.

Straco Grup, another Romanian constructor entered insolvency

Bucharest constructor Straco Grup, controlled by the brothers Alexandru and Traian Horpos, entered insolvency, according to data from Bucharest Court. This is the second big insolvency in constructions in the last ten days, following the one of Apolodor Com Impex, controlled by Radu Ouatu.

The developer of Mega Mall, threaten by insolvency

Approx. three months after the opening of the newest mall in Bucharest, the development company which also owns the land under Mega Mall is sued by a construction company.

Apolodor declared to be insolvent

Apolodor Com Impex was declared insolvent. The construction company filed for insolvency on July 23. The Bucharest Court approved the request on Aug. 6.

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