A total of 7,553 new insolvency proceedings were opened in the country in 2025, the latest study by Coface Romania showed, a 3.84% increase compared to 2024, Romania-Insider.com reported. The top three sectors in terms of the number of companies that entered insolvency last year are wholesale and retail trade/repair of motor vehicles and motorcycles (1,844), construction (1,580), and transport and storage (939), accounting for approximately 58% of the total number of insolvencies recorded in 2025.

Electrecord, Romania’s first record label, self-styled as the “Soundtrack of Romania” and active since 1932, has emerged from insolvency after eight years, Romania Journal reported. Control of the company was taken over by an individual who paid off its main debts and received shares in exchange for claims acquired from former creditors, and who is now holding over 95% of the company. Previously, Electrecord was controlled by the company’s Employees’ Association, holding 77.67% of the shares. Beneficiaries of the mass privatization program (PPM) from the 1990s owned 22.32%.

According to the financial analysis platform RisCo, companies in Romania continue to face financial difficulties, leading to the opening of insolvency files and court proceedings, RomaniaJournal.ro reported. This trend is confirmed by data from November 2025, when the number of insolvency cases reached 985. Compared to November 2024, when the number of insolvencies slightly exceeded 670 cases, November 2025 shows a 46.5% increase. This surge highlights an intensification of insolvency cases during the analyzed period.

Two select committees were on Monday granted more time by the Lok Sabha to submit their reports on the insolvency law and Jan Vishwas provisions amendment bills, the Economic Times of India reported. The matters were taken up amid Opposition din over the issue of Special Intensive Revision (SIR) of electoral rolls. The House has allowed time till the last day of the Winter session for a select committee to present its report on the Insolvency & Bankruptcy Code (Amendment) Bill, 2025.

Romanian prosecutors have conducted searches at twelve locations in Bucharest and two locations in the central-northern city of Targu Mures as part of a criminal investigation of the bankruptcy of Euroins Romania, part of Bulgaria’s Euroins Insurance Group (EIG), SeeNews.com reported.

Kronospan officially announced that it has completed the acquisition of the ZG Timber sawmill in Sebeș, which was previously part of the currently insolvent Ziegler Group, according to Economedia.ro. The transaction ensures the continuity of operations at the Sebeș factory, maintaining jobs for the over 500 employees currently working on site, Romania-Insider.com reported. "Upon obtaining regulatory approvals and officially completing the acquisition, the Sebeș sawmill will be integrated into Kronospan's operations in Romania.

As a judicial administrator in the insolvency proceedings of Nordis Management SRL, CITR conducted, for approximately seven months, an extensive analysis of the Nordis Mamaia Wave project. The goal was clear: to determine the legal situation of each housing unit and to identify any overlapping agreements on the same unit, the Romania Journal reported. The analysis aimed to obtain a complete picture of the company’s assets and liabilities in order to correctly carry out the next stages of the insolvency procedure.

The government of Romania, the main creditor of the integrated steel mill Liberty Galati, part of the Liberty Steel group but currently under pre-insolvency procedure, agreed with the sale of the company’s core assets separately, according to Ziarul Financiar, citing the independent manager of the company set under the pre-insolvency procedure, Remus Borza, Romania-Insider.com reported. The executive had previously insisted on the sale of the company as a whole.