bizbrasov.ro/2026/10/30/romaniafilm-care-administr

RomaniaFilm, once managing around 600 cinemas, has declared bankruptcy following a court ruling. The Tribunal of Bucharest approved the dissolution of the state-owned company due to unpaid debts. Creditors, including the Brașov Fiscal Authority, argued that RomaniaFilm failed to adhere to its reorganization plan. The future of the properties owned by the company remains uncertain, with some cinemas potentially being transferred to local authorities. Despite the bankruptcy, not all cinemas will close immediately, as their fate depends on legal status and ongoing asset liquidation processes. The company has a long history dating back to the 1950s, but has faced decline due to various industry changes.