INSOLVENCY
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Liquidator CITR Manages Companies With EUR1.9B Debts, EUR430M Assets
Companies managed by liquidator Casa de Insolventa Transilvania (CITR) have debts worth a total EUR1.9 billion and assets evaluated at EUR430 million, according to company co-founder Andrei...
Insolvencies Take Their Toll On 4,000 Apartments In Bucharest
The 12 largest residential compounds in and around Bucharest that went insolvent or bankrupt in the past three years consist of tens of buildings with over 4,000 homes, some finalized, other...
Bucharest Court Allows Insolvency For Retail Chain Mic.ro
The Bucharest court on Friday approved an insolvency claim filed by Micro Retail, the operator or retail chain mic.ro, controlled by local businessman Dinu Patriciu.
Construction Firm Concefa Files For Insolvency
Romanian constructions company Concefa Sibiu (COFI.RO) Thursday said it will file for insolvency and expressed its intent to reorganize its activity.
Biggest Romanian Bet In Food Retail: From EUR100M Investments To Insolvency
Romanian businessman Dinu Patriciu surprised the entire retail market in 2010 when he “declared war” on foreign retail chains and started to develop the Mic.ro and Mac.ro stores (formerly Mi...
Businessman Dinu Patriciu Files For Insolvency Of Mic.ro
Romanian businessman Dinu Patriciu on Tuesday filed for the insolvency of his Mic.ro Retail company and the court date was set for Thursday, February 16.
Romania Trade Registry: Company Insolvencies Down 10% In 2011
Romania's Trade Registry Thursday said 19,651 companies filed for insolvency in the 2011, down 10% from 21,700 companies in the year before.
At Least 20 Minimax Stores Closed Down, Several Mic.Ro Stores Closed Their Shutters
At least 20 Minimax Discount stores, held by Romanian businessman Dinu Patriciu, are closed for customers, and their future is in doubt.
Tnuva Admits Defeat In Romania, After EUR55M Investment
The Romanian unit of Israeli dairy maker Tnuva, the company's only expansion outside Israel, was backed by a total investment of EUR55 million, and it leaves behind a plant, a cattle farm, e...