INSOLVENCY
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Romania, Region’s Insolvency Champion
More than 120,000 companies or 20% of all the companies in Romania and over 25% of those active in the country have gone insolvent since 2010.
Coface: Insolvencies In Romania Down 57% In 1H
The number of insolvencies among Romanian companies declined 57% on the year in January-June 2015, with most insolvencies among businesses operating in textiles, constructions and the hospit...
Ambient Sibiu Asks For Insolvency
Sibiu-based do-it-yourself retailer and construction material distributor Ambient has filed a petition with the Sibiu Court, asking for insolvency with the option for reorganization.
Insolvency Rate Grows Among Large Businesses In Romania Despite Overall Decline
More and more businesses with turnovers of more than EUR1 million go insolvent, even though the number of insolvencies is on the decline, and the average insolvency rate in Romania is four t...
Construction Sector Decline Drives Major Romanian-Held Builders Into Insolvency
Eight major Romanian-held builders, whose cumulated revenue would reach about 3.6 billion lei (EUR814 million) in their heyday, have gone insolvent in the past three years, given the 40% dec...
Samsung Romania Asks For Domo's Insolvency
Samsung Electronics Romania filed a petition with the Bucharest Court requiring the insolvency of Family Concept SRL, formerly Domo Retail SA, one of the largest electronics retailer on the...
Number of Insolvencies Down 56%, Registrations Up 13% In 1H
The number of Romanian companies under insolvency decreased 56% in the first half of 2015, at 5,736 units, according to the data released by the National Trade Registry Office, ONRC.
Condmag Entered Insolvency After Falling 70% On Bourse
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO), owned by businessman Gheorghe Calbu¬rean, has officially entered insolvency and suspended its shares from trading as of July 20, aft...
Energy Minister: Hidroelectrica Will Not Be Listed While Under Insolvency
Romanian insolvent hydropower producer Hidroelectrica will not be listed on the stock exchange while it is still under insolvency as the price would be too low, according to the Economy Mini...