INSOLVENCY
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Trade Registry: 27,000 Companies Went Belly-up In 2013
About 27,000 companies went out of business in Romania last year, up 10.4% compared with 2012, data from the Trade Registry showed Wednesday.
Insolvent Romstrade Sues Romanian State Over Annulled Contracts
Romstrade, the building company controlled by businessman Nelu Iordache which entered insolvency proceedings more than a year ago, has sued Romania’s road authority CNADNR and Bucharest City...
Bankrupt Armonia Mall In Braila Expects Buyers As Of January
Bankrupt shopping center Armonia Mall in Braila, eastern Romania, expects potential investors to submit bids starting this month, said Andreea Cionca-Anghelof, managing partner with Casa de...
Pamimai Drops Tobacco Distribution After Start Of Insolvency Procedings
Pamimai Distribution, a distribution company with revenue of 327 million lei (EUR74.3 million) in 2012, entered insolvency at its own request in 2013 after piling up debts of EUR7 million.
Bucharest Court To Rule On Carrefour Romania Insolvency Appeal On Jan 15
Bucharest Court will rule on January 15 on Carrefour Romania’s appeal against the insolvency decision made at the request of one of the company’s suppliers, at the end of 2013.
Carrefour Romania Enters Insolvency Proceedings At Supplier’s Request, Appeals Court Ruling
The Bucharest Court of Law has made Carrefour Romania insolvent at the request of one of the company’s suppliers.
2013 In Review: Ten Most Important Events In Construction Sector
The year 2013 witnessed insolvencies, several deals and the opening of new construction materials plants and malls.
Alexandrion Founder: Romania's Insolvency Law Should Be Cancelled, Not Amended
Nawaf Salameh, founder and CEO of spirits producer Alexandrion Grup Romania, thinks Romania's insolvency law is the biggest mistake the country has made over the past years.
Over 27,000 Companies In Romania Went Insolvent In 2013, 50% In Retail And Construction
The number of companies that entered insolvency in Romania in January-November reached 27,119, 9% more than in the same period last year, and half of them operated in retail and construction...