EURO INSOL
18 articole · RSS
Hidroelectrica’s Legal Administrator To Sack 600 People In 2013
Euro Insol, the legal administrator of Romania’s insolvent power producer Hidroelectrica, will start Friday a layoff program targeting 600 employees with the company’s service and maintenanc...
Hidroelectrica Sells EUR16M Worth Of Electricity
Romania’s insolvent power producer Hidroelectrica Thursday sold 70.3 million lei (EUR16 million) worth of electricity on the local market OPCOM, energy exchange data showed.
Euro Insol Wants To Take To Court Three Former GMs Of Hidroelectrica
Insolvency firm Euro Insol, the court-appointed administrator of Romanian hydropower producer Hidroelectrica, asked the company’s shareholders to approve the start of legal proceedings again...
Hidroelectrica’s Legal Administrator To Receive Fee Based On Results
The creditors of Romanian insolvent Hidroelectrica on Friday confirmed insolvency firm Euro Insol as the legal administrator of the hydropower producer and set its fee at between EUR1 millio...
Hidroelectrica Invested RON1B In Side Projects - Euro Insol
Hidroelectrica was forced to invest 926 million lei (EUR206,696 million) in projects that use electricity as secondary alternative, which worsened its economic status, says a report on the c...
Hidroelectrica's Oversized Staff - One Of The Causes Of Insolvency
Hidroelectrica's personnel structure is "oversized" and the salary fund is "clearly out of proportion" with the company's economic indicators, says a report on the causes of the insolvency o...
Euro Insol: No More Bilateral Deals For Hidrolectrica
Selling cheap electricity to companies has cost Romania’s hydropower producer Hidroelectrica over EUR1 billion in revenues over the past six years, according to the legal administrator of th...
Hidroelectrica's Relations With Banks Seen Improving
The banks are winning hundreds of million euros from financing state-owned hydropower producer Hidroelectrica and any attack against the company is seen as an attack against the Romanian sta...
Hidroelectrica Won't Beat Insolvency Any Time Soon - Administrator
Romanian power producer Hidroelectrica cannot recover from insolvency this year, but more likely in June 2013, said Remus Borza, general manager of the state-owned company's legal administra...