CITR
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CITR: Number Of Insolvent Impact Firms Down 32% To 139 In 2019, But Fixed Assets Value Up 25% To EUR1B
The number of insolvencies among impact companies in Romania deceased by 32% to 139 in 2019, from 183 in 2018, but their value in terms of fixed assets grew 25% on the year in 2019, reaching...
Insolvency Specialist CITR Seeks To Expand Abroad
Insolvency specialist CITR seeks to expand on the international market in the next few months, and plans to get to Greece and Italy besides Cyprus where it already has a presence.
Companies CITR, ROCA, ROCA X Come Together Under Impetum Group
CITR, the leading player on the local insolvency market, ROCA, an investment fund, and ROCA X, an investment fund focusing on start-ups in the technology sector, come together in a joint gro...
Vastint Seeks to Buy More Land in Romania, Considers Tutunul Romanesc Site
Swedish developer Vastint, which built the Business Garden Bucharest office complex in the Orhideelor area and is now working on Timpuri Noi Square project, is considering new acquisitions o...
CITR: Sales Of Insolvent Firms’ Surplus Assets At EUR242M In Last Three Years
The value of transactions with non-core assets carried out by insolvency firm Casa de Insolventa Transilvania (CITR) for insolvent companies has reached EUR242 million over the last three ye...
CITR Puts Tutunul Romanesc Site up for Sale
Insolvency firm Casa de Insolventa Transilvania (CITR) has put up for sale the Tutunul Romanesc (Romanian Tobacco) site, as part of the reorganization of its owner Interagro, held by busines...
Cristina Ienciu-Dragos, Head of Legal CITR, Appointed Country Coordinator INSOL Europe
Cristina Ienciu-Dragos, Head of Legal CITR, has been appointed to the position of Country Coordinator INSOL Europe, the European organization of professionals who specialize in insolvency, b...
Builder Delta ACM Goes Insolvent Due To Project Delays; CITR Appointed Provisional Liquidator
Bucharest-based construction company Delta ACM, established by businessman Florea Diaconu, went insolvent and insolvency practitioner Casa de Insolventa Transilvania (CITR) was appointed pro...
ZF/CITR Conference: Millennials Will Manage Entrepreneurship Differently
Most Romanian entrepreneurial companies make the mistake of not being able to ask for help when they run into money trouble and managers insist on fixing the issues themselves, most of the t...