INSOLVENCY
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Euro Insol: Hidroelectrica Likely To Emerge From Insolvency By End-June
Romanian state-run power producer Hidroelectrica is likely to complete its insolvency process by the end of June, after the Bucharest Court rejected the last appeal filed by Alpiq RomIndustr...
Dobrogea Grup Owes EUR19.5M To Banks And Grain Traders
Bancpost, Banca Italo-Romena, Alpha Bank and Banca Transilvania along with six grain traders including VA Intertrading, CHS, Brise Group, Alfred Toepfer and Cargill have about EUR19.5 millio...
Nita: Hidroelectrica To Emerge From Insolvency In July
Romanian Energy Minister Constantin Nita Wednesday said that state-run power producer Hidroelectrica will likely complete its insolvency process by July 1, one year after having declared ban...
Coface: Romania Ranks First In Central Europe By Number Of Insolvencies In 2012
The number of insolvencies will increase 10% in Romania in 2013, similar to last year, when 23,665 firms defaulted on their debts, according to a survey conducted by rating agency Coface, wh...
Trade Registry: About 6,000 Romanian Firms Went Insolvent In January-April
Romania’s Trade Registry said Wednesday 1,460 firms entered insolvency in April, up 5.4% on the year and slightly down from 1.515 in March.
Tender's Vulcan Enters Insolvency
The Bucharest Court admitted an insolvency request filed by Romanian steam generator and pump manufacturer Vulcan Bucuresti (VULC.RO), owned by businessman Ovidiu Tender, for debts worth EUR...
Steel Maker Mechel Campia Turzii Files For Insolvency
Romanian steel maker Mechel Campia Turzii (INSI.RO) filed for insolvency on March 22, the company said in a statement Friday.
Romanian Entrepreneurs Go Insolvent Because They Grew Through Loans - Specialist
The 20 years of entrepreneurship in Romania since the 1989 revolution have not been enough to create a generation of business people, with most entrepreneurs starting from scratch, with no f...
Three Years Of Losses, EUR18M Receivables Pushed Dobrogea Grup Into Insolvency
Dobrogea Grup, one of Romania’s largest bakery businesses, went insolvent six weeks ago after its sales dropped 24% to EUR41 million in 2012.