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Leonardo Considers Selling Assets, Stock And Tapping New Markets To Pay Off Debts
Romanian footwear retailer Leonardo, undergoing insolvency, plans to sell some of its assets or shares and to enter new markets to be able to pay off its debts to creditors, according to a p...
Vegetable Oil Producer Ultex To Be Sold To Moldova-based Trans Oil For EUR10.5M
The shareholders of Romanian insolvent vegetable oil producer Ultex Tandarei have changed the company’s reorganization plan in order to sell its assets to Moldova-based agri-industrial group...
Transport Ministry Replaces Four Members In Tarom's Executive Board– Sources
Romania’s Transport Ministry has decided to replace four out of six members of the Executive Board of state-run airline Tarom, people close to the matter told news agency Mediafax Wednesday.
Romtelecom, Cosmote Romania Announce Common Appointments Starting October 1
The management board of Romanian telecom operator Romtelecom on Tuesday approved new changes in the company’s top management structure starting October 1, 2013.
Romania To Amend Clawback Tax
Romania’s Health Minister said the legislation regarding the clawback tax will be changed to allow a different calculation for generic drugs and original brand-name drugs.
Grapini: Government To Amend Insolvency Law Over ‘Unfair’ Clauses
The Romanian Government will amend insolvency law in 2013, on being disputed by the investors which claim it is detrimental to the fair companies, minister delegate for small and medium-size...
Enivronment Minister: Romania Mulls Simplifying Financing For Renewable Energy Projects
The Romanian Government aims to settle and speed up the signup and financing of renewable energy projects, according to a recently drafted emergency ordinance on amending the energy and gas...
Only Two Of Top Ten Local Insurers Kept Top Executives During Economic Crisis
Large insurance companies in Romania have changed their strategies during the crisis to slow down the decline in turnover and the new economic context has forced eight of the top ten insurer...