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1.8 billion euros is the sum of City's debts to policyholders and third parties

Until now, about 1,600 creditors of the Romanian bankrupt insurer City Insurance, formerly the market leader with a 43% market share, have filed requests to recover a total amount of RON 9 bln (EUR 1.8 bln), according to the information provided by the representatives of CITR, the court-appointed liquidator of the insurer. The creditors are summoned for the first meeting on May ...

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