INSOLVENCY
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Romanian Lenders See Improvement In Liquidated Asset Sales
Banks see improvement in asset liquidation sales and support company restructuring outside of insolvency procedures, which they consider simpler and less costly than insolvency.
CITR: Around 3,200 Major Businesses In Romania Heading For Imminent Insolvency
Less than 3% of all active businesses in Romania (less than 20,000) have turnovers of more than EUR1 million and a decisive role in the Romanian economy, and 3,200 of them are insolvent but...
Borza: Hidroelectrica Will Raise EUR500M From IPO In 2015
Hidroelectrica’s court appointed trustee, Remus Borza, believes the electricity producer will exit insolvency in seven to twelve months and expects the initial public offering of 15% to happ...
Carpatair, No More Regular Flights From Romanian Airports
Carpatair, the private airline which went insolvent this year, no longer operates regular flights from Romania’s airports as the company’s reorganization plan has not been endorsed by credit...
How Did Romania’s Largest Energy Producer End Up Insolvent Twice?
Hidroelectrica, Romania’s largest power generator, is again undergoing insolvency, for the second time in less than a year, and market sources say its stock market listing is almost impossib...
Hidroelectrica To Exit Insolvency Soon, Undergo Restructuring
The Economy Ministry will take steps for state-run hydropower producer Hidroelectrica to exit insolvency “as soon as possible”, and will reorganize the company by giving up investments unimp...
Economy Ministry May File Extraordinary Appeal For Hidroelectrica To Exit Insolvency
The Economy Ministry might file extraordinary appeal for Romanian state-run hydropower producer Hidroelectrica to exit insolvency, Gabriel Dumitrascu, head of privatization with the Energy D...
Euro Insol Reinstated As Hidroelectrica’s Legal Administrator
Insolvency company Euro Insol has been reinstated as judicial administrator of Romanian state-run hydropower producer Hidroelectrica after the latter was court-ordered into re-entering reorg...
Hidroelectrica Goes Insolvent Again
Hidrolectrica went insolvent again after Court of Appeals ruled in favor of several energy traders which appealed the decision of the company's former legal administrator of not acknowledgin...