INSOLVENCY
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Romanian Footwear Manufacturer Clujana Goes Insolvent
Romanian footwear manufacturer Clujana entered insolvency after amassing debt of over RON13 million in back taxes in 2013 and 2014.
Insolvencies Among Large Companies At Decade-Low
The number of insolvencies among large companies, with turnovers of more than EUR1 million, is at the lowest level in ten years, according to data from a presentation by Iancu Guda, head of...
Coface: 51% Of Firms In Romania’s Meat Processing Industry At High Risk Of Slipping Into Insolvency
Companies in Romania’s meat processing industry saw a 2% increase in turnover in 2016, which translates into a slowdown after a 5% advance in the previous year, and half of the 369 firms in...
Government Rejects Minority Holder Proposition for Posta Romana Insolvency
Communications minister Lucian Sova on Wednesday rejected Fondul Proprietatea's proposition to declare state-owned postal operator Posta Romana insolvent, saying the company would benefit fr...
Problems in Turkey Drive Online Travel Agency Paravion Insolvent
Romanian online travel agency Paravion, part of Happy Tour group, controlled by Spanish investment fund GED Capital, will enter insolvency starting August 8, citing problems on the Turkish m...
EC: New Rules Easing Cross-Border Insolvency Proceedings Enter into Force Monday
The new rules on cross-border insolvency proceedings, proposed by the European Commission in 2012 and adopted by the EU legislators in 2015, will enter into force throughout the European Uni...
Number Of Insolvent Companies In Romania Fell Nearly 12% In January-May 2017
The number of insolvent companies in Romania fell by 11.51% on the year in January-May 2017, to 3,292, and the biggest decline was registered in Salaj County (-58.97%), and the biggest incre...
Trade Registry: Number Of Insolvent Companies In Romania Fell Nearly 16% In January-April 2017
The number of insolvent companies in Romania fell by 15.74% on the year in January-April 2017, to 2,526, and the biggest decline was registered in Salaj County (-55.88%), and the biggest inc...
Trade Registry: Number Of Insolvent Companies In Romania Fell Over 16% In 1Q/2017
The number of insolvent companies in Romania fell by 16.14% on the year in the first three months of 2017, to 1,932, and the biggest decline was registered in Salaj County (-57.14%), and the...