newsweek.ro/social/compania-de-stat-care-avea-600-

RomaniaFilm, the state-owned company managing around 600 cinemas, has declared bankruptcy after failing to meet its financial obligations. The Bucharest Tribunal has ordered its dissolution and appointed a liquidator. The fate of the properties remains uncertain, with some cinemas potentially being transferred to local authorities. Despite the bankruptcy, not all cinemas will automatically close, as their future depends on legal status and ongoing asset liquidation procedures. The company has faced financial difficulties for years, leading to a significant decline in its operations and the closure of many cinemas.