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CITR: Prin proiectul OUG de modificare a legii insolvenței pot fi afectate semnificativ șansele de redresare ale companiilor în dificultate
Prin proiectul OUG de modificare a legii insolvenței pot fi afectate semnificativ șansele de redresare ale companiilor în dificultate
[read more]
Brandul Peneș, deținut de producătorul de carne de curcan Galli Gallo, a fost achiziționat de Bravcod, într-o tranzacție în valoare de 20 de milioane de euro
Galli Gallo s-a redresat printr-un plan de reorganizare propus și implementat de CITR, prin încrederea principalului creditor, CEC Bank, și a partenerului de afaceri, Bravcod, care a continuat relațiile comerciale cu Galli Gallo în procedura de insolvență și a achiziționat business-ul în a
[read more]
Hidroserv, the first months of positive EBITDA and constant growth outlooks
Hidroserv, the hydropower company undergoing insolvency proceedings registered positive EBITDA in the last two reported months
[read more]
CITR, insolvency practitioner appointed at Clujana: the brand is set to overcome the hardship
CITR was confirmed as the insolvency practitioner by all the creditors attending the meeting held yesterday, June 14th, 2018, by the Creditors of Clujana S.A., namely 95.59% of the creditors registered in the preliminary creditors’ list.
[read more]
CITR Group launches the Entrepreneurship Museum: 100 years of entrepreneurship in Romania
Bucharest, April 18th, 2018 – CITR Group launches today Entrepreneurship Museum exhibition: 100 years of entrepreneurship in Romania.
[read more]
CITR Group: Romania has more impactful companies, however their structure worsened: there are 7% less fundable companies
Bucharest, March 27th, 2018: The number of impactful enterprises [*] operating in the Romanian economy increased by 19% at the end of 2016 compared to 2015, from 20,000 to 23,000.
[read more]
CITR Group launches ROCA – the first investment and management platform dedicated to Romanian businesses in distress
Bucharest, March 6th, 2018 – The ROCA investment and management platform, launched today by CITR Group, is the first investment platform dedicated to struggling Romanian businesses
[read more]
The number of insolvency cases among impactful enterprises declined, but their value increased by more than 15%
Bucharest, February 14th, 2018 – In 2017, the number of Romanian impactful businesses that became insolvent in 2017 dropped by approximately 7% vs. the previous year.
[read more]
The law on the insolvency of natural persons, inapplicable
CITR: As of January 1st, 2018, Romanians unable to pay their debts could be protected against foreclosure. However, they don’t know where to submit the insolvency file
[read more]
CITR: Split VAT reduces the recovery chances of insolvent companies
Bucharest, November 29th, 2017 – Companies undergoing insolvency and liquidation proceedings will be affected by the Government’s initiative on split VAT, both financially and as a result of the blockages caused by the lack of legal clarity, shows a CITR analysis
[read more]

CITR, insolvency practitioner appointed at Clujana: the brand is set to overcome the hardship
CITR was confirmed as the insolvency practitioner by all the creditors attending the meeting held yesterday, June 14th, 2018, by the Creditors of Clujana S.A., namely 95.59% of the creditors registered in the preliminary creditors’ list.
[read more]
CITR Group launches the Entrepreneurship Museum: 100 years of entrepreneurship in Romania
Bucharest, April 18th, 2018 – CITR Group launches today Entrepreneurship Museum exhibition: 100 years of entrepreneurship in Romania.
[read more]
CITR Group launches ROCA – the first investment and management platform dedicated to Romanian businesses in distress
Bucharest, March 6th, 2018 – The ROCA investment and management platform, launched today by CITR Group, is the first investment platform dedicated to struggling Romanian businesses
[read more]
Radu Lotrean, associate founder of CITR, the first Romanian president of INSOL Europe
Radu Lotrean, founder shareholder of CITR – part of CITR Group, was appointed president of INSOL Europe during the Annual Congress organized in Warsaw, between October 5th – 8th.
[read more]
DAFORA resumes trading and makes waves on the Bucharest Stock Exchange, after being restructured through insolvency.
Bucharest, September 27th, 2017. The drilling company DAFORA Mediaş (stock exchange symbol DAFR), which filed for insolvency, after accumulating a total debt of approximately 300 million Ron, and registering negative equity, drew the attention on BVB during the first three days since
[read more]
A major company part of the ATLASSIB group recovered from insolvency under the management of CITR
Bucharest, September 6th, 2017 TRANSDARA S.A., the passenger transport company covering most of the routes in Arad and Timis counties, on the verge of liquidation five years ago, managed to successfully reorganize under the administration of CITR. After a long period of
[read more]
RAJDP Constanța reported the most profitable year of the past 10 years, under the administration of CITR
Bucharest, August 8th, 2017. Constanta County Road and Bridges Operator ended last year in insolvency, yet with a profit exceeding the revenues obtained over the past 10 years. The company registered a profit of 4.6 million Ron in 2016, 36% higher than the cumulated profits
[read more]
Romania’s paradox: the highest economic growth in Europe, yet half of its impactful companies are struggling
CITR Group conducted the third edition of its study on impactful companies operating in Romania, covering the time span 2013 – 2015. The analysis of these companies also took into consideration the year-end financial results
[read more]
CITR successfully completed the restructuring process of Cord Blood Center Romania
Cluj-Napoca, November 28th, 2016. CITR completed the insolvency procedure for the Romanian companies in the Cord Blood Center group, whose reorganization was finalized ahead of the deadline set out in the plan approved by their creditors.
[read more]

RESTORING BALANCE AND PERFORMANCE IN BUSINESS

With over 16 years of experience, we founded this company with the aim to restore the health of the Romanian economy and of the struggling companies with potential, by reintegrating them in the economic cycle, using innovating reorganization mechanisms.

We have been involved in more than 950 projects in all fields of activity and have been the leader of the Romanian market of insolvency solutions for more than 10 years. We have successfully distributed over EUR 400 million to creditors over the past 5 years and have sold assets worth approximately EUR 200 million through sales.citr.ro in the past 3 years.

The 150 CITR experts are today closer to you due to our 10 offices located across the country.

CITR: Prin proiectul OUG de modificare a legii insolvenței pot fi afectate semnificativ șansele de redresare ale companiilor în dificultate
Prin proiectul OUG de modificare a legii insolvenței pot fi afectate semnificativ șansele de redresare ale companiilor în dificultate
[read more]
Brandul Peneș, deținut de producătorul de carne de curcan Galli Gallo, a fost achiziționat de Bravcod, într-o tranzacție în valoare de 20 de milioane de euro
Galli Gallo s-a redresat printr-un plan de reorganizare propus și implementat de CITR, prin încrederea principalului creditor, CEC Bank, și a partenerului de afaceri, Bravcod, care a continuat relațiile comerciale cu Galli Gallo în procedura de insolvență și a achiziționat business-ul în a
[read more]
Hidroserv, the first months of positive EBITDA and constant growth outlooks
Hidroserv, the hydropower company undergoing insolvency proceedings registered positive EBITDA in the last two reported months
[read more]
CITR, insolvency practitioner appointed at Clujana: the brand is set to overcome the hardship
CITR was confirmed as the insolvency practitioner by all the creditors attending the meeting held yesterday, June 14th, 2018, by the Creditors of Clujana S.A., namely 95.59% of the creditors registered in the preliminary creditors’ list.
[read more]
CITR Group launches the Entrepreneurship Museum: 100 years of entrepreneurship in Romania
Bucharest, April 18th, 2018 – CITR Group launches today Entrepreneurship Museum exhibition: 100 years of entrepreneurship in Romania.
[read more]
CITR Group: Romania has more impactful companies, however their structure worsened: there are 7% less fundable companies
Bucharest, March 27th, 2018: The number of impactful enterprises [*] operating in the Romanian economy increased by 19% at the end of 2016 compared to 2015, from 20,000 to 23,000.
[read more]
CITR Group launches ROCA – the first investment and management platform dedicated to Romanian businesses in distress
Bucharest, March 6th, 2018 – The ROCA investment and management platform, launched today by CITR Group, is the first investment platform dedicated to struggling Romanian businesses
[read more]
The number of insolvency cases among impactful enterprises declined, but their value increased by more than 15%
Bucharest, February 14th, 2018 – In 2017, the number of Romanian impactful businesses that became insolvent in 2017 dropped by approximately 7% vs. the previous year.
[read more]
The law on the insolvency of natural persons, inapplicable
CITR: As of January 1st, 2018, Romanians unable to pay their debts could be protected against foreclosure. However, they don’t know where to submit the insolvency file
[read more]
CITR: Split VAT reduces the recovery chances of insolvent companies
Bucharest, November 29th, 2017 – Companies undergoing insolvency and liquidation proceedings will be affected by the Government’s initiative on split VAT, both financially and as a result of the blockages caused by the lack of legal clarity, shows a CITR analysis
[read more]

CITR, insolvency practitioner appointed at Clujana: the brand is set to overcome the hardship
CITR was confirmed as the insolvency practitioner by all the creditors attending the meeting held yesterday, June 14th, 2018, by the Creditors of Clujana S.A., namely 95.59% of the creditors registered in the preliminary creditors’ list.
[read more]
CITR Group launches the Entrepreneurship Museum: 100 years of entrepreneurship in Romania
Bucharest, April 18th, 2018 – CITR Group launches today Entrepreneurship Museum exhibition: 100 years of entrepreneurship in Romania.
[read more]
CITR Group launches ROCA – the first investment and management platform dedicated to Romanian businesses in distress
Bucharest, March 6th, 2018 – The ROCA investment and management platform, launched today by CITR Group, is the first investment platform dedicated to struggling Romanian businesses
[read more]
Radu Lotrean, associate founder of CITR, the first Romanian president of INSOL Europe
Radu Lotrean, founder shareholder of CITR – part of CITR Group, was appointed president of INSOL Europe during the Annual Congress organized in Warsaw, between October 5th – 8th.
[read more]
DAFORA resumes trading and makes waves on the Bucharest Stock Exchange, after being restructured through insolvency.
Bucharest, September 27th, 2017. The drilling company DAFORA Mediaş (stock exchange symbol DAFR), which filed for insolvency, after accumulating a total debt of approximately 300 million Ron, and registering negative equity, drew the attention on BVB during the first three days since
[read more]
A major company part of the ATLASSIB group recovered from insolvency under the management of CITR
Bucharest, September 6th, 2017 TRANSDARA S.A., the passenger transport company covering most of the routes in Arad and Timis counties, on the verge of liquidation five years ago, managed to successfully reorganize under the administration of CITR. After a long period of
[read more]
RAJDP Constanța reported the most profitable year of the past 10 years, under the administration of CITR
Bucharest, August 8th, 2017. Constanta County Road and Bridges Operator ended last year in insolvency, yet with a profit exceeding the revenues obtained over the past 10 years. The company registered a profit of 4.6 million Ron in 2016, 36% higher than the cumulated profits
[read more]
Romania’s paradox: the highest economic growth in Europe, yet half of its impactful companies are struggling
CITR Group conducted the third edition of its study on impactful companies operating in Romania, covering the time span 2013 – 2015. The analysis of these companies also took into consideration the year-end financial results
[read more]
CITR successfully completed the restructuring process of Cord Blood Center Romania
Cluj-Napoca, November 28th, 2016. CITR completed the insolvency procedure for the Romanian companies in the Cord Blood Center group, whose reorganization was finalized ahead of the deadline set out in the plan approved by their creditors.
[read more]

Key projects

We are constantly seeking to raise the standards in the insolvency practice and crisis management in Romania. Our ground-breaking solutions are valued by all the players involved in the insolvency proceedings, whom we would like to thank for their trust.

Flanco International SRL

Hair Cut

Flanco este primul proces de restructurare de succes a unei companii de talie mare după o restructurare operațională și financiară completă. Societatea a încheiat în timp record pentru România procesul de reorganizare judiciară compania reprezentând exemplul de care România avea nevoie pentru a delimita insolvența de faliment.

Tel Drum S.A.

Societatea TEL DRUM S.A. are o tradiţie în domeniul construcţiilor de drumuri şi poduri care începe din anul 1969, odată cu înfiinţarea Direcţiei Judeţene de Drumuri şi Poduri Teleorman, care ulterior a fost transformată în Regia Autonomă TEL DRUM, iar din 1998 în societate comercială cu capital integral de stat. Din primăvara anului 2002 TEL DRUM S.A. a devenit societate comercială cu capital integral privat.