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Articles - insolvency

The constructor Atlas SA Galati entered insolvency

Atlas SA, one of the biggest constructors in Galati district, with businesses exceeding EUR 6 million in 2012, entered insolvency, according to Bucharest Stock Exchange.

Mega Image premises and 15 villas in Green City, sold for EUR 1.3 million

Euro Insol, the liquidator of Clean Optim Serv, the company used by the businessman Dumitru Bucşaru to develop part of the residential complex Green City in 1 Decembrie village from Ilfov county, sold a package of 15 villas within the complex for EUR 602,000, as well as the premises of Mega Image supermarket, for EUR 701,000.

The construction company of the richest businessman in Mures enters insolvency

The company Contranscom Benţa, part of Benţa group of companies, controlled by Remus Benţa, entered insolvency in the end of January.

EUR 5 million turnover in 2013 for insolvent complex Ibiza Sol

Residential complex Ibiza Sol in Pipera, in insolvency since 2011, had in 2013 total revenues of 4,897,923 Euros.

Swan Offices didn’t attract any buyer for the first auction

No investor registered for the auction scheduled for Thursday for the sale of the insolvent office complex Swan Office&Technology Park in Pipera-Tunari area in Bucharest, the starting prices being set for EUR 42.7 million.

Alpine is looking for a buyer for their Romanian assets

Austrian constructor Alpine, which filed for insolvency in September 2013 (three months after the mother-company in Austria filed for bankruptcy), is searching for a new recover strategy which implies selling their Romanian assets to an investor, according to capital.ro.

MBS Group, one of the biggest constructors in Cluj, entered insolvency

MBS Group, one of the leaders of the Cluj County construction market, entered insolvency due to latest economic difficulties.

The Most Important Real Estate Events in 2013

The main players on the real estate market in Romania were the investment fund NEPI and the businessman Ioannis Papalekas.

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