CITR
60 articole · RSS
Pilis Food Acquires The Only Mushroom Compost Plant In Romania
Pilis Food, a company founded by Romanian entrepreneur Puiu Elisei, has acquired the local bankrupt mushroom compost plant East Champion Union Cooperativa Agricola.
Pambac Group Buys Vegetable Oil Producer Mandra Assets
Insolvency specialist CITR has sold RON13.15 milion (more than EUR2.6 million) worth of agro-industrial assets to Cerealcom Bacau, a member of the agribusiness group Pambac, the company part...
CITR Appoints Paul Dieter Cirlanaru As CEO
Insolvency practitioner CITR, part of Impetum Group, has appointed Paul Dieter Cirlanaru to the position of Chief Executive Officer (CEO).
CITR Appointed Legal Administrator For Insolvent Compania Municipala Consolidari
CITR, the leading insolvency practitioner in Romania, part of Impetum Group, was appointed by the Bucharest Court as judicial administrator of Compania Municipala Consolidari, upon a request...
CITR Appointed Legal Administrator for Bookstore Chain Diverta
CITR, the leading insolvency practitioner in Romania, part of Impetum Group, has been appointed judicial administrator for the Diverta bookstore chain owned by businessman Octavian Radu, whi...
CITR: 7,000 Romanian Companies Owe Over RON1M Each to State Budget
Over 7,000 Romanian companies owe more than RON1 million each to the state budget and are faced with a debt crisis on top of the pandemic crisis, according to a reports by CITR, the leading...
CITR: 2020 Insolvencies Were Fewer but Had Bigger Impact
Fiscal facilities and the closure of courts due to pandemic restrictions led to a 42% drop in high-impact companies that accessed insolvency, from 139 in 2019 to 80 in 2020), according to an...
ROMAERO Gets Second Bank Financing Worth A Total RON59M, In Less Than Three Months
Upon accessing Government Ordinance no.6/2019 on restructuring state budget debts, Romanian aircraft parts maker Romaero (RORX.RO) gets a second bank financing worth RON14 million, over a 36...
CITR: Companies In Romania Face Liquidity Crisis, Coronavirus-Led Crisis
Nearly 70% of companies in Romania access insolvency three years after the start of the state of difficulty, significantly reducing their chance of business revival, according to insolvency...