CITR
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CITR: Insolvencies In Romania's Agricultural Sector Soar By Nearly 80% YoY In H1/2026
The number of agricultural companies entering insolvency surged by almost 80% in the first half of 2026 to 226 cases, compared to 127 cases in the same period of 2025, as per an analysis carried out by CITR, the market leader in insolvency and restructuring in...
CITR: Number Of Insolvencies Among Companies With Over EUR4M Assets Up Almost Tenfold In Q1, 2026
The number of large companies that went insolvent rose sharply in the first quarter of 2026, which shows the economic pressure had been spreading in the economy, according to a report by CIT...
CITR Files Plan To Save Damen Shipyards Mangalia
CITR, the court-appointed trustee of Damen Shipyards Mangalia, has submitted the company's reorganization plan to the case file, a document that marks the start of the decisive stage of the...
CITR To Handle AAylex ONE Restructuring
CITR, the leader of the insolvency and restructuring market in Romania, is the administrator of AAylex ONE, a poultry producer majority-owned by Bogdan Stanca, which operates under the Cocor...
CITR: Insolvencies In Romania Remain At 2024 Level, Preventive Concordats Rise 30% YoY In January-August 2025
The number of insolvencies in Romania remained nearly at the same level as in 2024 in January-August 2025, decreasing by an annual 2%, while preventive concordat requests rose by 30%, signal...
Hidroserv Exits Insolvency After Nearly 9 Years
Hidroserv, a subsidiary of Romania’s biggest energy producer, Hidroelectrica, dedicated to maintenance and repair works on hydrotechnical infrastructure, has exited insolvency after almost n...
Number Of Companies With Over EUR1M Assets Gone Insolvent Up 58% YoY In 2024
The number of companies that filed for insolvency in 2024 increased by more than 9% over 2023 and reached 7,274. Of them, 141 are companies likely to make an impact on the economy, with asse...
CITR: Number Of Impact Companies Facing Imminent Insolvency Up 18% In 2024, To Over 8,190
The number of impact companies in imminent insolvency increased by 18% in 2024, to 8,190, and the number of impact companies in difficulty reaches the highest level since 2013, as per an ana...
CITR: We’ve Identified Non-Essential Assets Of Damen Shipyard Mangalia, Got Two Ship Repair Contracts
CITR, the court-appointed trustee of Damen Shipyards Mangalia, has had repair contracts signed for two ships and identified the assets that are non-essential for the shipyard’s operation in...