INSOLVENCY
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Trade Registry: 2,054 Companies Filed For Insolvency In January
A little over 2,000 companies went out of business in Romania last month, down 14.5% compared with January 2013, data from the Trade Registry showed Friday.
Justice Minister: Insolvency Law To Arrive By Midyear
The new insolvency code, a law that banks and other creditors expect to make it easier for them to get their money back, while ailing companies hope it will provide them with a better framew...
CITR: Companies In Food And Retail Sectors Most Prone To Insolvency In 2014
Companies in the food sector, the owners of leasable retail and office spaces, the beneficiaries of subsidies and infrastructure builders will be most affected by insolvency in 2014, accordi...
Romania’s Second Largest Poultry Exporter Avicola Crevedia Goes Insolvent
Avicola Crevedia, part of Agroli group controlled by Lebanese investor Rami Ghaziri, went insolvent at the request of the Arges-Vedea branch of Romania’s water administrator Apele Romane.
What Insolvent Real Estate Projects Can Be Bought For EUR230M
Ten of the most important real estate projects gone insolvent or bankrupt in Romania can be had for about EUR230 million, according to a ZF analysis of the assets put up for auction in the f...
Romanian Airline Carpatair Goes Insolvent
Romanian airline Carpatair filed for insolvency and will enter judicial reorganization, due to EUR30 million loss triggered by litigations with Timisoara airport, which allegedly sealed anti...
Insolvencies Hit Record High In Romania Last Year
More than 29,500 companies employing almost 150,000 people went insolvent last year, the highest level since 2008. The number of insolvencies went up 10% on 2012 and doubled compared with 20...
Diverta, After Three Years In Insolvency
The Diverta network now comprises 25 bookstores with an 8,000 square-meter retail area and sales of EUR11 million, compared with 62 units, totaling a 24,000-sqm area in 2010 and EUR22 millio...
Bucharest Court Suspends Carrefour Romania Insolvency Decision
Bucharest Court ruled in favor of Carrefour Romania’s appeal against the insolvency decision made at the request of one of the company’s suppliers, at the end of 2013.