INSOLVENCY
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Oltchim Employees To Protest Outside Government HQ Tuesday
About 1,000 employees of insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) will hold a protest rally outside the Government building in Bucharest Tuesday, requiring an urgent meeting...
Largest Insolvent Real Estate Projects Total Over EUR1B In Debt
The last four years saw more insolvencies announced than new investments started, and going insolvent most often means bankruptcy and liquidation.
Five Years Of Crisis Drive 90,000 Companies Into Insolvency
No part of Romania has escaped insolvency in the last five years, when one company for every 200 people defaulted.
Largest Insolvency Firms In Romania Posted Over RON100M Revenue In 2012
In almost five years of decline for the local business sector the likes of which it has not seen in decades, a new kind of consultants has established itself on the market.
Borza: Number Of Insolvencies To Surge In 2013
Banks can no longer afford to roll over non-performing loans and will start filing insolvency claims against debtors, Remus Borza, the legal administrator of insolvent state-owned company Hi...
Oltchim Administrators Propose Split-up Before Privatization
The legal administrators of Romanian insolvent state-owned chemical plant Oltchim recommend the company’s privatization either by setting up a special purpose vehicle, which takes over the p...
Vosganian Says No State Company Emerged From Insolvency Successfully Due To Authorities’ Indecision
Romanian Economy Minister Varujan Vosganian said Tuesday that, unfortunately, no state-run companies were rescued after entering insolvency mainly due to authorities’ indecision to set off p...
Vosganian Says No State Company Emerged From Insolvency Successfully Due To Authorities’ Irresolution
Romanian Economy Minister Varujan Vosganian said Tuesday that, unfortunately, no state-run companies were rescued after entering insolvency, mainly due to authorities’ indecision to set off...
Administrator: Hidroelectrica Won’t Exit Insolvency June 26 Unless Selling Micropower Plants
Romanian energy producer Hidroelectrica won’t exit insolvency procedure and enter a two-three years reorganization plan June 26 unless it is able to sell its micro-power plants, Remus Borza,...