INSOLVENCY
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Romania Insolvency Numbers Down 13.4% In January-July
The number of companies that went insolvent in January-July this year was 13.37% lower than in the same period of 2013, the Trade Registry office said Monday.
Frigoexpres Ends H1 With RON21M Revenue
Oradea-based freight shipping company Frigoexpres, which went insolvent last August, ended the first half of the year with 21 million lei (EUR4.8 million) revenue, down 36% in lei on the yea...
Local Tax Authority Asks For Amonil Slobozia Insolvency
The tax authority branch in Ialomita county has called for the start of insolvency procedures against Amonil Slobozia (AMO.RO), which owes RON5.5 million in taxes, the company said Friday in...
Closure Of Timisoara Hub Drives Carpatair Revenue Down 40%
Carpatair, an airline gone insolvent early this year, posted 148 million lei (EUR33.7 million) revenue last year, down 40% on 2012, and RON26 million loss, according to the Finance Ministry...
Trade Registry: Company Insolvencies Down 13.5% On Year In January-May
Romania's Trade Registry on Tuesday said 11,030 companies filed for insolvency in the first five months of the year, down 13.5% from 12.747 companies in the year-earlier period.
ARB: Insolvent Companies Have Outstanding Arrears Of EUR25B
Romanian insolvent companies owe an estimated EUR25 billion in overdue debt to the state, local banks and to other companies, the Romanian Banking Association, or ARB, said Friday.
Arad-based Industrial Park Cefin Put Up For Sale For EUR26M Debts
The industrial park built in Arad (western Romania) in 2011 by Italian group Cefin has been put up for sale through direct negotiation by the legal administrator of the real estate developer...
Hidroelectrica’s Debts Narrowed By 64% Since June 2012
The debts of Romania’s state-run hydropower company Hidroelectrica fell 64%, to RON1.54 billion, from RON4.33 billion in June 2012, when it first went insolvent.
Hidroelectrica's Legal Administrator Should Give Back Money For First Insolvency Process
Energy Minister Razvan Nicolescu asked Remus Borza, Euro Insol legal administrator, to give back the EUR2.2 million received for managing Romania’s state-run hydropower company Hidroelectric...