insolvent

CITR: In the first half of 2023, the entrepreneurial environment was more oriented towards the new restructuring mechanisms - the number of companies which used preventive composition agreement increases, and the number of those which…

1,644 companies went insolvent in Q1 2023, a number similar to the one in Q1 2022, when 1,610 insolvent companies were registered. 23 of these are impactful companies (as compared to 17 in Q1 2022), totalling over 1,950 employees, holding…

The judges of the 7th Civil Section of the Bucharest Court accepted Blue Air's request for insolvency on Monday, March 20. The low-cost airline company was thus able to propose a list of judicial administrators that are favorable to it,…

Over 6,700 companies have entered insolvency procedures in 2022, with a 10 % increase from 2021 (6,144). Of these, 67 are impact companies, totalling over 5,500 employees, holding assets worth over RON 1.5 billion and debts to the state…

The number of newly registered companies, of LTD type, increased by 58% in H1 2021 compared to H1 2020.   The latest Coface Romania study shows that in the first six months of 2021, 3,033 new insolvency proceedings were opened, +23%…

Transport minister Cătălin Drulă has announced today the termination of the contract for the section Chetani-Campia Turzii of Transilvania Highway. The National Road Infrastructure and Highways Company has been the one that terminated the…

Bucharest Court of Appeal has ordered on Monday to reject the restructuring plan advanced by Realitatea Media and sent the file to a bankruptcy judge in the view of declaring bankruptcy. The court’s ruling is irrevocable. In retort,…

The industrial platform of the RAFO Onesti refinery, which has become insolvent again in autumn last year, will be put on sale on April 27, 2018. The starting price is USD 50.57 million. The company has to pay debts of over RON 330 million.…

Six localities in Romania are insolvent and the Ministry of Finance has not allocated any money to help them out of this situation, PNL Deputy Romeo Nicoara says in a request sent to the Finance Minister, Eugen Teodorovici. All these…

President Klaus Iohannis has promulgated on Wednesday the law amending the ordinance on split VAT. "The President of Romania, Mr. Klaus Iohannis, has signed the Decree on the promulgation of the Law on the approval of Government…