CITR

CITR, the leader of the insolvency and restructuring market in Romania, announces that the number of impact companies in imminent insolvency increases by 18%, from 6,949 to 8,190, and the one of impact companies in difficulty reaches the…

CITR, the operator on the insolvency and restructuring market in Romania, announces that the number of companies which initiated insolvency proceedings in the first half of the year increased to over 3,600, compared to 3,401 in the first…

The Constanța Court opened the insolvency procedure of the Damen Shipyards Mangalia company. CITR Bucharest branch was appointed judicial administrator. "In this complex project, we will contribute with all the know-how of the CITR…

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…

The Dan Steel Group Beclean wire factory, one of the most important companies in the Romanian metallurgy industry, in bankruptcy, was sold at a public auction for 7.5 million euros to Intertranscom Impex SRL, manufacturer of welded mesh…

CITR, as the judicial liquidator of Hotel Coroana de Aur SRL, sold the hotel for 3.48 million euros + VAT, a representative building for Bistrița, with a history of almost 50 years. "Although we are still operating in a context full of…

CITR, a company dealing with insolvency and restructuring Romania, has auctioned off the agricultural and industrial assets which make up the Mândra oil mill, worth RON 8,960,000 million (approximately EUR 1.8 million). The asset package,…

CITR insolvency company sold Sibiu-based Fabrica de Cultură, held by Construcții S.A., currently in reorganization, to the Sibiu City Hall, for EUR 5.29 million. “We are successfully completing a project aimed at saving an…

The number of companies in imminent insolvency has increased to the highest level registered since the first edition of CITR’s study on the impact companies first edition, in 2013, and reaches 6,949 companies in 2022, more than double as…

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…