INSOLVENCY
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100 Largest Companies To Go Insolvent This Year Posted RON3.7B Revenue In 2014
The 100 largest companies that have gone insolvent since the beginning of 2015 posted 3.7 billion lei (EUR827 million) revenue last year and had tens of thousands of employees.
Romanian Fashion Brands: Three Insolvencies And A Bankruptcy
The financial crisis and the aggressive expansion of foreign brands, such as Zara, H&M and Deichmann, swept the local apparel and footwear market and the first to go down were the Romanian r...
Edy Spedition Assets Up For Sale For EUR8M
Rovigo SPRL, the court-appointed trustee of insolvent road carrier edy International Spedition, plans to sell the headquarters in Brad, Hunedoara County (central Romania) and other assets of...
Court Approves Dafora Insolvency
Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calburean, has received court approval on its request to enter insolvency.
Lingerie And Swimwear Manufacturer Jolidon Goes Insolvent
Romanian lingerie and swimwear manufacturer Jolidon, established more than 20 years ago by local entrepreneur Gabriel Carlig, went insolvent at the request of creditor J.I.E., according to C...
Fornetti Romania To Exit Insolvency
Pastry shop chain Fornetti Romania has fulfilled obligations towards creditors, banks and partners included in the reorganization plan, so that judicial administrators will propose the closi...
Court Denies Rompetrol SA's Claim To Insolvency
The Bucharest Court has denied Rompetrol SA's request for insolvency and company officials may appeal the ruling within seven days.
Rompetrol SA Files For Insolvency
Oil company Rompetrol SA filed for insolvency on May 28 and the court will analyze the case on June 8.
Dafora Goes Insolvent; Shares Fall 15% On Bucharest Stock Exchange
Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calburean, on Wednesday required the insolvency of the company, while its shares fell 14.7% to RON0.013/...