Romanian builder Apolodor Com Impex became insolvent at its request, with a total debt of EUR 28.1 million, after it had returned to profit last year. The construction company filed for insolvency on July 23, and the Bucharest Court approved its request on August 6.

Apolodor Com Impex is owned by the Romanian millionaire Radu Octavian Ouatu. The company posted last year a turnover of EUR 25.6 million, down 19.2% compared to the previous year.

Apolodor Com Impex worked this spring at the foundation of the office building project MetroCity, developed by Immofinanz in northern Bucharest. It also built the underpass at the Free Press square in northern Bucharest, which was inaugurated recently.

In the past, Apolodor worked on Bucharest’s Old Town revamping. Apolodor is also one of the biggest demolition companies in Romania.

editor@romania-insider.com