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Trade Registry: Over 7,000 Romanian Firms Went Insolvent In January-May
About 1,164 Romanian firms defaulted on their debts in May and the number of insolvencies reached some 7,100 in the first five months of 2013, down 4.5% on the year, according to Trade Regis...
Firms With New Debts To State Budget May Ask For Second Debt Restructuring
Romanian firms that amassed new debts to the state budget, after they had their older debts rescheduled, and were recently checked by tax authority ANAF may ask for a new debt restructuring,...
Five Years Of Crisis Drive 90,000 Companies Into Insolvency
No part of Romania has escaped insolvency in the last five years, when one company for every 200 people defaulted.
Borza: Number Of Insolvencies To Surge In 2013
Banks can no longer afford to roll over non-performing loans and will start filing insolvency claims against debtors, Remus Borza, the legal administrator of insolvent state-owned company Hi...
FRC Granted Counter-Guarantees Worth EUR662M In 2010-2012
The Romanian Counter-Guarantee Fund (FRC) has granted some 17,000 counter-guarantees worth a total of EUR662 million since its establishment, in 2010.
Entrepreneurs: Tax On Revenue Lower Than EUR65,000 To Bankrupt Many SMEs
Some 250,000 Romanian firms registered losses last year and the introduction of a 3% tax on revenues of up to EUR65,000 will bankrupt many of them, entrepreneurs warned Thursday.
Number Of Insolvencies Down 1.7% On Year In First Eleven Months
The number of Romanian companies going insolvent in the first eleven months of 2012 dropped 1.7% compared with the same interval a year ago, to 15,148, the trade registry said Wednesday.
Firms That Pay Off Debts To State Budget In Sept-Dec Won’t Pay Penalties
Romanian firms that have debts to the state budget will be exempted from paying penalties if they pay off the debt and the late payment interest between September 1 and December 31, 2012, Pr...
Gabriel Zbarcea: Law Firms Can No Longer See Spectacular Growth In Absence Of Success Fees
Lawyer Gabriel Zbarcea, managing partner of Tuca Zbarcea & Asociatii, says there can no longer be any spectacular increase in the revenue of law firms once a certain level is reached, in the...