INSOLVENCY
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Trade Registry: Romania Insolvency Numbers Down 57.5% In January-March
The number of companies that went insolvent in Romania in January-March more than halved compared with the same period a year earlier, the Trade Registry office said Monday.
Coface: Insolvencies Declined 58% In 1Q But Layoffs Increased 24%
The number of insolvencies among Romanian companies dropped 58% on the year in the first quarter, after a 28% decline in 2014, but with a major social and financial impact as layoffs increas...
Petrom City Builder Sells EUR7M Worth Of Assets After Going Insolvent
Casa de Insolventa Transilvania, the judicial administrator of builder Alpine SA, put up for sale assets with a starting price of EUR7 million of the Austrian-held company, which is under in...
ARB: Personal Insolvency Law To Have RON3.5B Impact On Banks
The personal insolvency law applied to the loan portfolio of banks in Romania would have an impact of RON3.5 billion, according to a calculation of the Romanian Banking Association (ARB) bas...
Ten Airways, Owned By Ovidiu Tender, Goes Insolvent
Bucharest Court has admitted the insolvency request filed by Romanian businessman Ovidiu Tender for his airline Ten Airways.
Trade Registry: Romania Insolvency Numbers Halved In January
The number of companies that went insolvent in Romania in January halved compared with the same month of 2014, the Trade Registry office said Monday.
Reorganization Under Insolvency Tripled In 2014 Vs. 2007, To Over 5.5%
Insolvent businesses that underwent reorganization tripled in 2014 compared to 2007, to more than 5.5% of insolvencies, but the rate remains low as many businesses resort to insolvency too l...
Carrier Edy Spedition One Step Closer To Exiting Insolvency
Road carrier Edy International Spedition SA is now undergoing reorganization after the Brasov Court of Appeal approved the plan submitted by the court-appointed trustee Rovigo SPRL, two and...
Industrial Group Romet Exits Insolvency
Romanian industrial equipment manufacturer Romet Group has exited insolvency after two years, company owner Constantin Toma said Thursday.