CITR
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CITR: Romania Economy Engine Overheats: 79% Of Business Generated By 4% Of Companies
Major companies in the Romanian economy, which are in distress (restructurable and insolvent) accounted for 51% of total impact companies in 2018, which reverses, for the first time, the bal...
CITR: Number Of Insolvent Impact Companies Remained Constant In Last 3 Years
The number of insolvencies among impact companies remained constant over the last three years, seeing a slight decrease, to 183 in 2018 from 184 companies in 2017, but the value of fixed ass...
CITR: 179,000 Companies In Romania Entered Insolvency In Last Ten Years
A total 800,000 new companies were established between 2008, when the economic crisis broke out, and until 2017, of which 179,000 entered insolvency during the same period, according to data...
Romania’s CITR Opens Office In Cyprus
Casa de Insolventa Transilvania (CITR), the main player on the Romanian insolvency market in the last ten years, takes its first step towards expansion abroad by opening an office in Cyprus,...
CITR Group: Romania Has 19% More Impact Companies, But With Eroded Structure
The number of impact companies in the Romanian economy, namely, firms with assets of over EUR1 million, rose 19% until the end of 2016, compared to 2015, from 20,000 to 23,000.
CITR Study: 92% Of Entrepreneurs Who Experienced Failure Quit Business
According to a study published by consulting firm CITR Group, 92% of businessmen who experienced failure quit business, considering the failure as a “life sentence”.
CITR: Companies In Industrial, Construction Sectors On Top Of Insolvencies In 2017
Industrial sector ranks first among the economic sectors affected by insolvency in 2017, accounting for approximately 54% of the total insolvencies registered countrywide, followed by constr...
CITR Completes Reorganization Process Of Cord Blood Center Romania
Insolvency practitioner Casa de Insolventa Transilvania (CITR) has completed the insolvency procedure of Cord Blood Center companies in Romania, whose reorganization process involved the mer...
CITR: Services Sector Climbs To 2nd Spot In A Ranking Of Insolvencies In Romania
The services sector climbed to the second spot in a ranking of Romanian economic sectors affected by insolvency, after RADET and Hidroserv entered insolvency, and the first spot is held by t...