INSOLVENCY
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Companies In Romania May File For Insolvency Only For Debts Exceeding RON90,000
Romanian companies facing financial problems may file for insolvency only if their debts exceed 90,000 lei (over EUR20,000), and creditors may submit insolvency claims against debtors 30 day...
Bel Rom’s Retail Park In Bacau Might Enter Insolvency
Bel Rom Cinci SRL, the firm through which Belgian group Bel Rom developed the retail park Hello Shopping Park in Bacau, northeastern Romania, filed an insolvency claim Tuesday targeting the...
Bucharest Court Rules Hidroelectrica May Exit Insolvency
The Bucharest Court decided insolvent state-owned hydropower producer Hidroelectrica may exit insolvency.
Trade Registry: Over 7,000 Romanian Firms Went Insolvent In January-May
About 1,164 Romanian firms defaulted on their debts in May and the number of insolvencies reached some 7,100 in the first five months of 2013, down 4.5% on the year, according to Trade Regis...
Hidroelectrica To Resume Business As Usual Next Week, Says Ponta
Romania’s largest power producer Hidroelectrica will most likely complete its insolvency process by the end of next week, following the approval of the company’s reorganization program by it...
BelRom’s Shopping Center In Focsani Enters Insolvency
The Bucharest Court admitted Thursday an insolvency request filed by Bel Rom Sapte, the firm through which Belgian group BelRom developed a shopping park in Foscani, eastern Romania.
Most Insolvencies Triggered By High Debts, Mismanagement, Lower Consumer Demand
Managers in Romania believe that lower consumer demand is the reason why the companies they run have gone insolvent, while facts show most of insolvencies were triggered by high debts and mi...
Euro Insol Submits Hidroelectrica’s Reorganization Plan To Court
Euro Insol, the legal administrator of Romanian insolvent state-run power producer Hidroelectrica, on Tuesday submitted the company’s reorganization plan to the court.
Coface: Average Turnover Of Firms Entering Insolvency In 1Q Tripled On Year
The average turnover of firms that entered insolvency in the first quarter of 2013 is triple compared to that of firms that defaulted on their debts in the similar interval a year ago, despi...