INSOLVENCY
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Coface: Insolvencies in Romania Drop 33% in 1H/2019
The number of companies that went insolvent in Romania in the first half of 2019 was 33% lower compared with the same period in 2018, Coface Romania said in a report Wednesday.
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...
Road Freight Transport Sector Remains Vulnerable: 61% Of Firms Face Medium-High And High Insolvency Risk
The sector of road freight transport remains vulnerable on the local market, being closely linked to the infrastructure in Romania, in the context in which over half of companies face an ins...
Builder Octagon Files for Insolvency
Construction company Octagon Contracting&Engineering, one of the most active players on the local market, owned by Alexandros Ignatiadis and Paschalis Paganias, has filed for insolvency at t...
Romanian Postal Operator Seeks Insolvency of Its Own Insurance Broker
Romania's state-owned postal operator Posta Romana has filed court action for insolvency procedures targeting PRBA, its own insurance broker set up in 2014.
Insolvencies in Romania Down 6.5% in Jan-Nov
Around 7,700 companies went insolvent in Romania in the January-November period, 6.5% fewer than in the same period last year, Trade Registry data showed Monday.
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...
Petrolexportimport Shareholders Approve Company Insolvency
The General Meeting of Shareholders of Romanian fuels wholesaler Petrolimportexport has approved the company's plan to enter insolvency procedures.
20 Top Entrepreneurial Companies In 2008 Are Now Either Insolvent Or Bankrupt
Agribusiness company Interagro of Ioan Niculae, builders Romstrade (Nelu Iordache), Confort Timisoara (Georgica Cornu), pharmaceutical wholesalers Relad, Polisano and ADM Farm, FMCG wholesal...