BANKRUPTCY
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Chitoiu: Hidroelectrica To Exit Bankruptcy In 4Q
Romanian Economy Minister Daniel Chitoiu Friday said power producer Hidrolectrica could emerge from bankruptcy by the fourth quarter of 2012 at the latest.
Mic.ro To File For Bankruptcy, After Sale Talks' Failure
Romanian liquidator RVA Insolvency, court-appointed administrator of retail networks Mic.ro and miniMax, will ask creditors to allow bankruptcy for the two firms, since sale talks failed.
Biggest Bankruptcies: Crisis Brought Three Malls And Several Retail Businesses To Their Knees
Bankruptcy has not affected many major businesses in the past three years, only around 20, shows a ZF review of the biggest bankruptcies in the past three years.
Bankruptcy Procedure Will Also Apply To Reinsurers
The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill approved Wednesday by Romania's Government, which amends Law 503/2004 o...
Bankruptcy Procedure To Also Apply To Reinsurers – Bill
The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill put forward by the Romanian Finance Ministry.
Firms May File Affidavit That They Are Not In Bankruptcy To Take Part In Romanian PPP Tenders
Companies that have filed for bankruptcy or have debts to Romania's state budget may not take part in public-private partnership tenders, but may declare they are not in such a situation thr...
Romania Will See More Reorganizations Than Bankruptcies In 2012 - Liquidator
Insolvency claims by companies will continue in 2012, but judicial reorganizations will outweigh bankruptcies, Tuesday said Rudolf Paul Vizental, senior partner within liquidator Casa de Ins...
Banks Become Largest Owner Of Real Estate Assets
After the wave of foreclosures and real estate development bankruptcies in the last two years, local banks have come to hold office buildings, apartments and plots valued at nearly EUR1 bill...
Romania Will Need Plan B If Greece Exits Euro Zone
Finance ministries and central banks also work with scenarios that consider the exit of Greece from the euro zone and Romania should have a plan B for a prospective bankruptcy of Greece, in...