There is also a previous bankruptcy case against the company from June 2024, according to the information on the portal.just.ro platform, and the next court date for that is October 3, 2024.
P.A.B. Romania representatives did not return ZF’s call for comment on the reasons why the filing for bankruptcy and the plans for the upcoming period.
Finance Ministry data show P.A.B. Romania posted RON377 million revenue in 2023, 18% lower than in 2022, while profit shrank, too, from RON20.7 million in 2022 to RON12.1 million in 2023. The number of employees, however, increased by 127.
The projects P.A.B Romania has worked on so far include construction of the retail park Israel’s AFI Europe developed in Arad, construction of more than 35 stores for DIY retailer Dedeman, as well as of several stores for Germany’s Lidl in the UK.
(English version by Loredana Fratila-Cristescu)