INSOLVENCY
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Oncos Group, Under Reorganization After Insolvency, Sees 40% Higher Turnover In 1H/2020
Cluj-based Oncos Group, under reorganization after insolvency, reported a 40% higher turnover for the first half of 2020 and maintains its objective to reach a 75-own store chain in the regi...
Harbor Operator Romcargo Maritim Exits Insolvency
Harbor operator Romcargo Maritim has exited insolvency one year after entering the procedure and will develop its business lines starting with the reopening of a regular ferry line to Turkey...
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.
Coface: Insolvencies In Romania At Decade-Low After 22% Annual Decline In 2019
The number of companies that went insolvent in Romania reached the lowest level of the past ten years, seeing a 22% decline year-on-year in 2019, as per the latest survey of Coface Romania.
Footwear Manufacturer Clujana Exits Insolvency
Romanian footwear manufacturer Clujana, majority owned by the Cluj County Council, has exited insolvency after two years, during which time it managed to pay off RON16 million in debt.
KeysFin: Insolvencies in Romania Drop to All-Time Low in 2019
Romania had the lowest number of insolvencies on record in 2019, 6,500, 27% fewer than in 2018 and 67% fewer than in 2009, while the number of active companies and authorized individuals rea...
Trade Register: Over 3,100 Firms In Romania Went Insolvent In Jan-Sept 2019
Approximately 3,196 small- and medium-sized companies (SMEs) in Romania went insolvent in the first nine months of 2019, according to Trade Register data.
One Of H&M’s Oldest Suppliers in Romania, Ottorose Rom, Goes Insolvent
Prahova-based Ottorose Rom company, one of the oldest suppliers of fashion retailer H&M in Romania, has filed for insolvency in 2019. This is one of the biggest insolvencies this year so far...
Three Top Builders in 2013 Now Insolvent
Three builders in Romania, which six years ago had more than 1 billion lei (EUR211 million) revenue, are now insolvent, in a sector that has been fluctuating from one year to another.