INSOLVENCY
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EximBank Has To Recover Nearly RON250M Following Romcab’s Insolvency
Twenty-eight financial institutions must recover over RON480 million following the insolvency of Romcab Targu-Mures (MCAB.RO), one of Romania’s biggest cable manufacturers, according to data...
Almost Half Of Top 50 Entrepreneurial Companies In 2009 Are Insolvent Or Bankrupt
Only 28 of the 50 largest entrepreneurial companies in 2009, the year the crisis hit Romania’s economy, are still standing, and the other 22 are either insolvent, bankrupt or deregistered. T...
Trade Registry: Romania Insolvency Numbers Fell Nearly 20% In January-February 2017
The number of companies that went insolvent in Romania in January-February 2017 dropped by 19.71% compared with the same period a year earlier, to 1,165, according to Trade Registry data.
Three Insolvencies Worth RON3B Shook Romania’s Entrepreneurial Sector Early In 2017
The indicators of the insolvency market finally looked good at the end of 2016, a year when the number of companies that had gone insolvent had dropped to fewer than 10,000 for the first tim...
Euro Insol: Uztel Exits Insolvency After Four Years Of Reorganization
The Dolj court has ruled on the exit from insolvency of Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO), after ascertaining the fulfilment of payment obligations undertaken...
Romcab Targu Mures Goes Insolvent
The court has admitted the insolvency request filed by Romanian cable maker Romcab Targu-Mures (MCAB.RO) while RTZ&Partners was appointed as judicial administrator.
Romcab Files For Insolvency
Romanian cable maker Romcab Targu-Mures (MCAB.RO) has filed for insolvency, the company said in a statement to the Bucharest Stock Exchange.
20 Largest Companies To Go Insolvent In 2016 Posted RON6B Revenue In 2015
The 20 largest companies that went insolvent last year posted 6 billion lei (EUR1.33 billion) revenue and more than RON10 billion debt in 2015, according to the latest publicly available dat...
Coface: Romania Insolvency Numbers Fell 21% In 2016
Approximately 8,000 companies in Romania went insolvent in 2016, down 21% from 10,000 a year earlier, according to a Coface report.