“We have a dedicated team on the project, doing research. Irina Micsa, the manager of CITR Cyprus is overseeing the project to expand on several markets, among which we are looking at Greece as the next step and Italy in the long run,” said Andra Olar-Caragea, the new CEO of CITR, who took over from Vasile Godinca-Herlea at the beginning of this year.
CITR entered Cyprus two years ago, when the officials of the company found out that the insolvency practitioner profession was poorly developed, there was no reorganization and the institutions were not ready to serve as promoters or reorganization on the market.
“We have a history of more than 20 years in Romania and we want to take the mission to a European level. We are exporting something that is already working very well here.”
Besides going intentional, the new CITR CEO bets on digitalization during her term to improve efficiency of internal processes. To that end, the company has earmarked EUR200,000 for three years.
(English version by Loredana Fratila-Cristescu)