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Articles - insolventa

Number of insolvencies doubled in October

The number of companies that have filed for insolvency doubled in October compared to September, so that 23,543 cases have been registered after the first ten months of this year, up by approximately 8 per cent compared to the same period last year, the National Trade Registry Office (ONRC) informs.

Vectra Service files for insolvency

Romania’s Vectra Service, one of the biggest constructions company, filed for insolvency on Wednesday, due to falling road public acquisition contracts, which generated the bulk of business, and low private investments in the Brasov area.

The Developer of Casa Radio Project in Bucharest entered Insolvency

Plaza Centers, the developer of Casa Radio in Bucharest entered judicial reorganization under the protection of the Dutch bankruptcy law, in order to solve the liquidity problems the company is facing, the Israeli investor announced.

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