CITR
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CITR: Companies In Food And Retail Sectors Most Prone To Insolvency In 2014
Companies in the food sector, the owners of leasable retail and office spaces, the beneficiaries of subsidies and infrastructure builders will be most affected by insolvency in 2014, accordi...
Casa de Insolventa Transilvania Appointed Judicial Administrator For Bankrupt Constructor Alpine
Casa de Insolventa Transilvania (CITR) has been designated the judicial administrator for construction company Alpine SA, part of Austria’s Alpine group, undergoing bankruptcy.
Construction, Realty, Trade Sectors See Most Insolvencies In 2012
Most Romanian firms that entered insolvency this year operate in the construction, real estate, commerce and production sectors, according to data by liquidator Casa de Insolventa Transilvan...
Stock Market Trend Gives Insolvency Firms Hope They’ll Be Able To Sell Troubled Companies’ Assets
The return of the local stock market to growth, which reached the high of the last seven months on Wednesday, is giving hope to insolvency firms that the economy would resume growth and inve...
Romania Will See More Reorganizations Than Bankruptcies In 2012 - Liquidator
Insolvency claims by companies will continue in 2012, but judicial reorganizations will outweigh bankruptcies, Tuesday said Rudolf Paul Vizental, senior partner within liquidator Casa de Ins...
Corporate Insolvency Market Affected By Insufficient Funds - CITR
As many as 96% of Romanian insolvent companies end up declaring bankruptcy due to fund shortage from creditors to cover procedure costs and reduced refinancing possibilities, according to Tr...