INSOLVENCY
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Romanian State Budget Loses RON301M Following Company Insolvencies In 2012
Company insolvencies last year and in 2013 had an impact of about 301 million lei (EUR69 million) on the Romanian state budget, according to tax authority ANAF.
Steel Maker Mechel Targoviste Files For Insolvency
Romanian steel maker Mechel Targoviste (COS.RO) has filed for insolvency with a view to restart activity once its restructuring process is complete, the company said in a statement Wednesday...
Aurel Koeber: Insolvency Law Favors Debtors Over Creditors
Aurel Koeber, Piatra-Neamt-based businessman who controls Koeber, one of the largest players on the Romanian varnish and paint market, says one of the biggest challenges in his sector is ins...
Around 90,000 Companies Went Insolvent Since 2008
Romania’s Trade Registry on Thursday said around 90,000 companies went insolvent since the start of the economic crisis, in 2008.
Court Admits Oltchim’s Insolvency Request
The Valcea Court admitted Wednesday the insolvency request filed by Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO).
Oltchim's Legal Administrator To Present Restructuring Solutions In April
The legal administrator of Romanian debt-mired chemical plant Oltchim (OLT.RO) will present in mid-April a report on the situation at the company and the steps to be taken to restructure the...
Rominsolv, BDO Business Restructuring Named Oltchim’s Interim Legal Administrators
A firm owned by lawyer Gheorghe Piperea and BDO Business Restructuring, part of international group BDO, have been appointed interim legal administrators of Romanian state-run chemical plant...
Oltchim’s Insolvency Approved By Managing Board
The Managing Board of Romanian state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Thursday voted for the company to file for insolvency to undergo reorganization, supporting a propo...
Oltchim Files For Insolvency
Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) will enter insolvency and a request to this end is to be sent to the Valcea Court, Economy Minister Varujan Vosganian told...