insolvency

The Litera Group will take over Elefant.ro through a transaction that ends the period of insolvency of Elefant.ro and marks the relaunch and consolidation of its presence on the online retail market in Romania, ZF reports. According to…

The number of companies that resorted to insolvency procedures in 2024 increased by over 9% compared to the previous year and reached 7,274, shows an analysis by CITR, a company active in the insolvency and restructuring market in Romania.…

The Free Navalist Union, representing the employees of Damen Shipyards Mangalia SA (DSMa), is organizing two protest actions on Friday by picketing the headquarters of the Embassy of the Kingdom of the Netherlands (Netherlands) and the…

CITR has released today the preliminary analysis of Nordis Management SRL’s activity and debt structure. As the judicial administrator of Nordis Management SRL, CITR has released preliminary conclusions on the company’s activity over the…

Casa Rusu, one of the oldest furniture manufacturers and retailers in Romania, enters insolvency through a simplified procedure, according to a decision taken by the Timiș Court. The Rus Savitar Group – Casa Rusu was founded in 1994 by…

The Brașov Tribunal has received two official requests to open general insolvency proceedings against Europharm Holding SA, one of the largest players in Romania's pharmaceutical industry, over the past three months. The first request was…

CITR was recently appointed as the interim judicial administrator by the Bucharest Court in the case concerning the insolvency proceedings of Nordis Management SRL. Currently, the procedure is in the early stages of observation, including…

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…

INFINEXA Restructuring, a Romanian entrepreneurial company specializing in the restructuring of distressed firms, with assets of over 130 million euros under management, has been confirmed by the Ilfov Court as the judicial administrator,…

Damen Shipyards Mangalia (DSMa), one of the most important players in the Romanian naval industry, has recently signed contracts for the repair of two ships, even though it has been in insolvency proceedings since June. Repair work on the…