INSOLVENCY
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Heating Distributor RADET Asks For Insolvency
Heating distributor RADET, in charge with heating supply in capital Bucharest, wants to enter insolvency, as its debts to state-run electricity and thermal power producer Electrocentrale Buc...
Rail Transport Operator Servtrans Invest Exits Insolvency
The Bucharest Court decided on September 9 to close the judicial reorganization procedure at rail transport operator Servtrans Invest S.A, following a request submitted by judicial administr...
CITR: Insolvency Numbers In Agriculture Sector Up 34-Fold In 1H/2016
The Romanian agriculture sector was highly affected by insolvency in the first six months of 2016, as the number of companies with major impact on economy that went insolvent rose 34-fold fr...
Travel Agency Mareea Comtur Goes Insolvent
Travel agency Mareea Comtur announced that it went insolvency and could no longer meet the commitments undertaken, starting Saturday, September 3, 2016.
Ten Largest Companies To Go Insolvent In H1 Posted RON2B Losses In 2015
The ten largest businesses that went insolvent in the first half posted about 2 billion lei (EUR448 million) losses in 2015, almost as high as their revenue. These companies employ about 15,...
Energy Holding CE Hunedoara Reenters Insolvency
State-run energy holding Complexul Energetic Hunedoara entered insolvency again on Thursday, while GMC SPRL Craiova was reappointed as judicial administrator, to the detriment of Euro Insol,...
Hidroelectrica Exits Insolvency After Four Years
The Bucharest Court on Tuesday ruled on the exit from insolvency of Romania’s state-owned hydropower producer Hidroelectrica after a four-year insolvency process during which the company’s p...
CITR: Romania Insolvency Numbers Fell 9% In January-May
The number of companies with impact on economy that went insolvent in Romania in the first five months of 2016 dropped by 9% compared with the same period a year earlier, from 104 to 95, acc...
Hexi Pharma Files For Insolvency
Romanian pharmaceutical company Hexi Pharma, involved in the recent scandal with diluted disinfectants used in Romanian hospitals, filed for insolvency on May 10.