INSOLVENCY
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Mineral Water Producer Bilbor Enters Insolvency
Romanian mineral water producer Bilbor Mineral Water, part of URBB (United Romanian Breweries Bereprod), has entered insolvency after a court upheld the request formulated by creditor Marsim...
Coface: Around 95% Of 2014 Drop In Insolvency Numbers Comes From Small Businesses
The considerable decrease in the number of insolvencies registered in 2014 is only statistically relevant, as the dynamic came in the context of a base effect and the drop in insolvencies am...
Pharma, Transport, Real Estate And Construction Firms Most Prone To Insolvency This Year
Companies in the pharmaceutical industry, transport companies, real estate and construction firms are most prone to insolvency this year, as over 3,000 businesses in these sectors face major...
Number Of Insolvencies Top Number Of New Companies In 2014
The number of new companies enrolled with the Trade Registry last year fell by nearly 19% compared with 2013, to 101,627, while the number of insolvent, deregistered, suspended or winded-up...
Romania Among Countries With Record Insolvency Rates, Struggling For Stability - Survey
Romania ranks tenth out of 42 countries in a Euler Hermes top by insolvencies in 2014 and is among countries with record levels of insolvencies and struggling for stability.
Fornetti Romania Switches To Profit, Hopes To Exit Insolvency This Year
Pastry shop chain Fornetti Romania, which switched to profit last year and had sales of over RON100 million, hopes to exit insolvency this year.
Prodlacta Brasov Saw Its Revenue Rise By 60% In 2014
Brasov-based dairy producer Prodlacta generated revenue worth over 41 million lei (EUR9.3 million) in 2014, up around 60% on the year. For 2015, the company plans to further bolster sales an...
Bucharest Court Admits Mediafax Group Insolvency Request
Bucharest Court on Tuesday admitted the insolvency request filed by media company Mediafax Group, the institution stated Tuesday.
2014 In Review: Ten Most Important Events In Construction Sector
On a construction market that continued decline to almost half of the boom year level, insolvencies and bankruptcies affected not only the lower ranks of the industry but also the large comp...