Category: CITR

• The number of distressed impact companies is at its highest level since 2013 • 1,241 impact companies entered the imminent insolvency category, up 18% compared to last year. • The debt of impact companies increased by 8%, from 211… Read moreCITR: The number of impact companies in imminent insolvency increases by 18%, and those in difficulty are at their highest level since 2013

– More than 3,600 companies have initiated insolvency proceedings in the first half of 2024, and 72 are high-impact companies, with assets of over EUR 1 million, compared to 33 in the same period of last year. – 71 applications… Read moreCITR: The number of high-impact companies which initiated insolvency proceedings was double in the first half of the year compared to the same period of 2023. Causes: decreasing sales and increasing 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 report on the causes… Read moreCITR has completed the report on the causes of Euroins bankruptcy

The buyer is local entrepreneur Ioan Teslaru through Intertranscom Impex SRL, welded mesh producer in Bacău The sale took place at a public auction on January 25 The Dan Steel Group Beclean wire factory, one of the most important companies… Read moreCITR and Prime Insolv Practice SPRL contributes to the development of metallurgy and facilitates the successful sale of the Dan Steel Group wire factory in Beclean, in bankruptcy, for 7.5 million euros

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… Read moreCITR: The Coroana de Aur hotel in Bistrita, with a history of almost 50 years, bought for 3.48 million euro

CITR, the leader of the insolvency and restructuring market in 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, sold by CITR as receiver of Mândra… Read moreThe Mândra Oil Mill in Bârlad, with a history of over 100 years, bought for EUR 1.8 Million

• The total value of the assets purchased by the Sibiu City Hall during public auction today is EUR 5.29 million • The Faust performance, watched by thousands at Fabrica de Cultură Sibiu, part of the Radu Stanca National Theatre, holds the… Read moreCITR ensures the continuous activity of Sibiu’s Fabrica de Cultură (Culture Factory), by selling the space to the Sibiu City Hall

• The most affected domains are: trade (476 companies), construction (308 companies) and industry (195 companies) • The regions with the higher number of insolvencies are Bucharest (282 companies), Bihor (143 companies), Cluj (105 companies) • In Q1 2023, five… Read moreCITR: 1,644 companies, of which 23 impactful companies, went insolvent in Q1 2023. Companies’ rising interest in restructuring mechanisms