debts

CITR Bucharest SPRL, the judicial liquidator of Euroins, has completed the report on the causes of Euroins' bankruptcy and identified a series of operational and fund management elements that led to bankruptcy. “The preparation of the…

Dmitri Medvedev, the vice-president of Russia's Security Council, reacted virulently on Friday to the EU's decision to ask Russia to return Romania's Treasury, stating that "Romanians are not a nation" and that the request is "insolence",…

About 78% of Romanians participating in a study admitted that disputes related to money and financial situation are one of the most common reasons for arguments in couples. For 65% of respondents, planning money for unforeseen circumstances…

CITR has completed the first stage in the management of the Euroins bankruptcy. In the approximately 3 months after its designation as the court-appointed liquidator of Euroins, the CITR team analyzed over 1,100 receivable statements which…

Social Democeat MEP Claudiu Manda, former chairman of PSD Dolj, and husband of Craiova mayor Olguta Vasilescu, has been prosecuted by the National Anti-corruption Directorate (DNA) for using his political influence upon the manager of the…

Hunedoara Energy Complex, a state-owned company with 4,000 employees, has asked for insolvency on Monday. Despite the state aids the complex had enjoyed over the time, Hunedoara Energy Complex has posted huge losses of over RON 270 million…

General councilor Ana Ciceala accused on Tuesday that, although Capital mayor Gabriela Firea claims the Bucharest City Hall is going bankrupt, the municipality is kicking off procedures to host a folklore festival which costs RON 1.4…

Civil Aviation Group SRL has won the privatisation contract of R. of Moldova's flag carrier, Air Moldova. Civil Aviation Group SRL is made of Romanian low cost airline Blue Air and a group of investors from Republic of Moldova, offering…

Finance Minister Eugen Teodorovici has announced that the tax amnesty would be renamed financial restructuring, while its mechanism will be concluded in October. „Let’s call it a financial restructuring, not amnesty, which, next to…

The Government has adopted on Thursday an emergency ordinance to amend the Insolvency Law, Finance Minister Eugen Teodorovici said, arguing the economic environment will be cleaner and abusive practices will be stopped, as well as…